Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Shinsei, Partners to Provide 7.5 Billion Yen Solar Project Loan

July 16 (Bloomberg) -- Shinsei Bank Ltd. and two other banks will provide a 7.5 billion yen ($74 million) loan for a solar power station in Tochigi prefecture, north of Tokyo.

Two regional banks, Ashikaga Bank Ltd. and Joyo Bank Ltd. will join Shinsei, which will serve as the arranger of the loan, Tokyo-based Shinsei said in a statement today.

The 24.8 megawatt solar station is being developed by Tokyo-based Renova Inc. and a unidentified partner, and will start operations in September 2015, according to the statement.

Shinsei plans to provide as much as 200 billion yen in loans for clean energy projects, Tsukasa Makizumi, an executive officer and general manager of the specialty finance division of the bank, said in an interview last week.

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

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.