China tries to plug funding black hole in green energy scheme

Mar 30, 2021 | INVESTING

China’s energy regulator hopes bank loans will help make up for a massive backlog of subsidies owed to renewable energy companies as it tries to plug holes in a funding scheme.But analysts said it was hard to know how successful the efforts would be because it would be up to the banks to decide whether to grant the loans to the companies.The National Energy Administration said on Tuesday that it would encourage financial institutions to issue loans to companies that were eligible for the…

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