China-based solar product manufacturer JinkoSolar has inked a 15-year loan agreement with China Development Bank (CDB) for the development of its domestic PV solar power plant projects.

As per the agreed terms, CDB will provide RMB360m ($58m) for the company’s solar power projects.

Commenting on the deal, JinkoSolar chairman Xiande Li said that the new loan agreement signed will enable the company to boost its solar energy business in the Chinese market.

"We will utilize the financing to promote the development of our PV solar systems to create more opportunities in the green energy field," added Li.

JinkoSolar distributes its photovoltaic products to a diversified customer base in the global PV market, including Germany, Italy, Belgium, Spain, the United States, France, Eastern Europe, China, India, Japan and other countries and regions.