NEW YORK( TheStreet) -- The controversial news in solar this week was the attack by the U.S. Steelworkers Union that China is giving unfair support to its green energy companies. But that hasn't slowed China a bit, as evidenced by new Chinese bank support for its green energy sector.
On Thursday, the powerful steelworkers union petitioned the Obama administration to challenge China over unfair trade support for green companies.
On Friday, JA Solar (JASO) announced that it had signed a loan agreement with a branch of the China Development Bank that equalled roughly $4.4 billion.JA Solar is the latest among the big Chinese solar firms to receive big loan packages from the China Development Bank this year, following Trina Solar (TSL), Suntech Power (STP) and Yingli Green Energy (YGE), which together nabbed roughly $16 billion in Chinese loan packages. Trina Solar received just under $4 billion. Suntech received a loan package of over $7 billion, while Yingli received loan offers of up to $5.3 billion.
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