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Dai-ichi Life to Provide 1 Billion Yen Loan to Japan Solar Plant

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Aug. 1 (Bloomberg) -- Dai-ichi Life Insurance Co. will provide a 1 billion yen ($9.7 million) loan for a solar power station in Fukushima prefecture in the north of Japan.

The Tokyo-based life insurer will finance the 8-megawatt station developed by Mori Trust Co., Dai-ichi Life said in a statement today.

The plant will be set up at the same site where Mori has built a 2-megawatt station, according to the statement.

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 Peter Langan

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