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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 cwatanabe5@bloomberg.net

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

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