Japan Asia Group Ltd. (3751), a Tokyo- based brokerage and aerial surveyor, got a 1.6 billion yen ($17 million) loan from Shinsei Bank Ltd. (8303) and Mitsubishi UFJ Lease & Finance Company Ltd. for solar projects.
The project-finance loan is for five solar stations Japan Asia is building on the northern island of Hokkaido, the company said in a statement yesterday.
The five plants will have a combined capacity of 5.5 megawatts, according to Japan Asia, which has been developing solar projects in Europe and Japan.
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