Wind Farm Receives 18 Billion Yen Loan From Japanese Banks

Development Bank of Japan and five regional banks will provide a total 18 billion yen ($191 million) loan for a wind power project in western Japan.

The loan will be used to add 80 megawatts of capacity to the 15 megawatt wind farm in Mie prefecture operated by Aoyama- Kogen Wind Farm Co., the state-run bank said in a statement.

C-Tech Corp., a clean energy and telecommunications unit of Chubu Electric Power Co. (9502), owns 95.8 percent of Aoyama-Kogen.

DBJ and the Bank of Saga Ltd. (8395) provided a 3 billion yen loan for a 12 megawatt solar plant by a unit of NTT Facilities Inc. in Saga prefecture, DBJ said in a separate statement today. The plant will start operations at the end of June.

To contact the reporter on this story: Chisaki Watanabe in Tokyo at

To contact the editor responsible for this story: Reed Landberg at

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.