The first photovoltaic poverty alleviation loan was issued, up to 100 million yuan

Abstract from China New Eenergy Network

    On October 21, the national Agricultural issuance system took the lead in issuing photovoltaic poverty alleviation loans of 100 million yuan to actively support the first phase of the photovoltaic poverty alleviation project in Yinan County. The smooth issuance of this loan marks the official landing of the Agricultural Development Company''s photovoltaic poverty alleviation credit products and the first shot to support the national photovoltaic poverty alleviation project.

    Yinan County, Linyi City is located in the old revolutionary base area of Yimeng. There are 119400 registered poverty-stricken people. The total population suitable for poverty alleviation through photovoltaic technology is 23000 households, distributed in 296 administrative villages. The Yinan project is in line with the precise poverty alleviation strategy and the national clean and low-carbon energy development strategy, and supporting this project is of great significance.

    It is reported that the term of this loan is 15 years, and the interest rate is subject to a 10% decrease in the benchmark interest rate, fully reflecting the preferential transfer of policy loans. After the implementation of the Yinan Photovoltaic Poverty Alleviation Project, it will support the construction of three village level photovoltaic power stations with a total construction scale of 16.1MW, covering 22 registered poverty-stricken villages and 5734 registered poverty-stricken households. This can increase the income of each household by 3240 yuan/year, and the benefits can last for 20 years. It is expected to bring a total income of 206 million yuan to the impoverished population, effectively driving the income increase and poverty alleviation of the local impoverished population. In order to expand the photovoltaic power generation market A "booster" has been injected into the local poverty alleviation campaign.

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