ET Solar to receive $1.27B credit facility from CITIC Bank

ET Solar is set to receive a $1.27 billion credit facility for general corporate and capital expenditure purposes over the next five years from China-based CITIC Bank.

Dennis She, ET Solar vice president and CEO, said ET Solar has established a strong tie with CITIC with credit support and other banking services that the bank provided in the past three years.

China CITIC Bank Nanjing Branch president, Shijing Jiao, stated that the agreement demonstrates the bank's strong belief and viability of ET Solar's downstream driven business model, long-term commitment to the PV industry and the full fledged banking services.