The 20-megawatt solar project led by Maeda Corp. (1824), a Japanese construction company, is being developed in Iwate prefecture, Sumitomo Mitsui said in a statement yesterday.
The project is part of reconstruction efforts in the region following the 2011 earthquake and tsunami, according to the statement. Four regional banks including the Bank of Iwate will take part in providing the syndicated loan.
To contact the reporter on this story: Chisaki Watanabe in Tokyo at email@example.com
To contact the editors responsible for this story: Reed Landberg at firstname.lastname@example.org Iain Wilson, Alastair Reed