Wind farm secures novel financing

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    The Asian Development Bank (ADB) and the Industrial and Commercial Bank of China (ICBC) have collaborated with Japanese sponsors and China's Datang Corporation…

    The Asian Development Bank (ADB) and the Industrial and Commercial Bank of China (ICBC) have collaborated with Japanese sponsors and China's Datang Corporation to provide a multi-tranche renminbi financing for a wind farm in China's Inner Mongolia autonomous region.

    The deal, which allows China to produce cleaner energy, is the first private sector wind farm project to be supported by the ADB in China.

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