Japan Asia Group Gets Loan From Shinsei Bank for Solar Stations

Japan Asia Group Ltd., a Tokyo-based brokerage and aerial surveyor, got a 1.6 billion yen ($17 million) loan from Shinsei Bank Ltd. and Mitsubishi UFJ Lease & Finance Company Ltd. for solar projects.

The project-finance loan is for five solar stations Japan Asia is building on the northern island of Hokkaido, the company said in a statement yesterday.

The five plants will have a combined capacity of 5.5 megawatts, according to Japan Asia, which has been developing solar projects in Europe and Japan.