The China Development Bank has provided the country’s largest polysilicon maker with two new credit facilities totalling $713 million. GCL-Poly Energy Holdings Ltd. (OTC: GCPEF) can add that total to the $303 million it received in loans during 2010. The company did not say what it plans to do with the funds.The infusion highlights the discrepancy between non-Chinese solar when it comes to government support for the solar industry. China has determined that building a world-class solar industry is a strategic imperative and coughed up nearly $30 billion in loans last year to its leading solar panel makers. Trina Solar Ltd. (NYSE: TSL) received $4.4 billion, Suntech Power Holdings Co. Ltd. (NYSE: STP) received $7.3 billion, JA Solar Holdings Co. Ltd. (NASDAQ: JASO) received $4.4 billion, Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) received %5.3 billion, and LDK Solar Co. Ltd. (NYSE: LDK) received $8.9 billion. Most of these funds were directed at expanding manufacturing capacity as a way to drive down costs.
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