Mitsui’s Renewable Projects in Canada Get C$795 Million Loans
Mitsui & Co. (8031) has acquired a 30 percent stake in GDF Suez (GSZ) Canada Inc.’s wind and solar power projects in Canada, the Japanese trading company said in a statement today that didn’t give a cost for the acquisition.
The Bank of Tokyo-Mitsubishi UFJ Ltd., Mizuho Corporate Bank and Sumitomo Mitsui Banking Corp. will provide C$318 million in loans for the projects, according to JBIC.
A group led by Fiera Axium Infrastructure Inc. of Canada also has a 30 percent stake in the C$2 billion ($2 billion) projects at 12 locations, according to the statement.
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