The BRICS New Development Bank (NDB) just signed $800 million loan agreements that are for three green development projects. The projects are in China’s Fujian, Hunan and Jiangxi provinces.
As reported by China Daily, “The loan will finance the Fujian Putian Pinghai Bay Offshore Wind Power Project, the Ecological Development Project in the Green Heart Center of the Hunan Chang-Zhu-Tan City Cluster and Jiangxi Industrial Low-Carbon Restructuring and Green Development Pilot Project.”
Learn more about this large loan and the important projects that will be aided as a result.