June 17, 2011. Two Chinese banks are providing as much as $10 billion in funding to a group of three Chinese makers of solar equipment to build sun-powered energy projects in Europe. China Merchants Bank Co. and the state-owned China Development Bank Corp. are backing the efforts of Goldpoly New Energy Holdings Ltd., TBEA SunOasis Co. and China Technology Development Group Corp. to expand in Europe. The solar companies say their goals align with the Chinese government's policies on promoting renewable energy, and that the German government's plans to abandon nuclear power by 2022 will drive up demand for solar energy in the region.