2026.03.18
The Jiangxi branch of the Export-Import Bank of China (the Client), in collaboration with China Export & Credit Insurance Corporation (Sinosure), recently provided green energy financing for a solar storage power station project supporting the Jinning Gold Mine in the Solomon Islands. The power station was constructed by Jiangxi Water Resources and Hydropower Construction Group.
This was the Export-Import Bank of China's first project and the first within Jiangxi Province to apply Sinosure's innovative refinancing insurance model for an export deferred payment contract. This cooperation demonstrates the Export-Import Bank of China’s commitment to implementing the Belt and Road Initiative and its support of Chinese enterprises expansion overseas. It show the Client's innovation in leveraging its core strengths to support the overseas green development of enterprises through a dual approach of 'financial and intellectual' support.
The Solomon Islands is an important partner country in the Belt and Road Initiative and required a green transition in its Jinning Gold Mine project, which closely aligns with the overseas expansion strategy of Chinese enterprises. Sinosure underwrote the accounts receivable risks, effectively helping the contractor remove medium and long-term accounts receivable from its balance sheet during the construction phase, and optimizing its financial structure. JunHe assisted the client in purchasing the enterprise's medium and long-term accounts receivable with the backing of risk protection, significantly enhancing the precision and safety of the funding support and injecting financial momentum into the overall progress of the project.
The successful implementation of this project met the challenges of difficult financing and the high risks associated with overseas projects. It also facilitates the green and low-carbon transition of mining operations by supporting the construction of solar storage power stations. After the completion of the solar storage power station, the consumption of approximately 24 million liters of diesel can be reduced annually, replacing traditional diesel-powered generation and achieving win-wins of cost reduction, efficiency improvement and ecological protection.
The main characteristics of this project financing transaction are as follows:
1. Tight Financing Timeline: Under a tight timeline and under the leadership of the lead partner, multiple stages of the project were completed through a collaborative, synchronized approach involving multiple teams working in parallel, including due diligence, agreement drafting and the confirmation of preconditions.
2. Innovative Financing Model: This was the first time that the Export-Import Bank of China had adopted a refinancing model for an export deferred payment contract and JunHe designed a sound financing structure that balanced innovation with the rigorous management of legal risks.
JunHe represented the Jiangxi Branch of the Export-Import Bank of China in designing the financing structure, drafting and revising the financing documents, providing professional due diligence services on the Chinese legal issues, and reviewing the financing documents. JunHe also coordinated with Solomon Islands lawyers and Cayman lawyers to provide due diligence and legal opinion. JunHe's outstanding professional performance in this project was highly recognized by the Client. After the closing of the interim financing, the project was featured in a media column by well-regarded authorities such as the Jiangxi Provincial Local Financial Administration.
The project was jointly led by partner DU, Lijing and consultant SU, Rina.
