Mitsui’s Renewable Projects in Canada Get C$795 Million Loans

Mitsui & Co. (8031) has acquired a 30 percent stake in GDF Suez (GSZ) Canada Inc.’s wind and solar power projects in Canada, the Japanese trading company said in a statement today that didn’t give a cost for the acquisition.

The Japan Bank for International Cooperation will provide C$477 million loans in project finance for three of the wind projects and two solar stations, the bank said in a statement.

The Bank of Tokyo-Mitsubishi UFJ Ltd., Mizuho Corporate Bank and Sumitomo Mitsui Banking Corp. will provide C$318 million in loans for the projects, according to JBIC.

A group led by Fiera Axium Infrastructure Inc. of Canada also has a 30 percent stake in the C$2 billion ($2 billion) projects at 12 locations, according to the statement.

To contact the reporter on this story: Chisaki Watanabe in Tokyo at cwatanabe5@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.