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Direct loans are convenient, flexible and simple. A Direct loan is a loan by a lender to a customer without the use of a third party. This type of loan enables the lender to have greater discretion in the distribution of loans. Typically the lender is


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Mainstream Renewable Looks to China as West Lends Less

18.05.12

Mainstream Renewable Power Ltd., an Irish company developing 15 gigawatts of projects globally, is tapping China’s clean-energy drive using loans from state banks in tandem with equipment from Chinese manufacturers.

Mainstream obtained loans from state-run China Development Bank Corp. to build wind farms in Chile, said Barry Lynch, head of procurement and project delivery at Dublin-based Mainstream. The financing was an option accompanying Mainstream’s wind- turbine contract with China’s Xinjiang Goldwind Science & Technology Co. (2208), he said in an phone interview.


Source: BusinessWeek

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