First Solar signs Loan Facility from Mizuho Bank for Utility-Scale Solar Projects in Japan
First Solar, Inc. has announced today that has signed a syndicated development loan facility agreement of approximately JPY7 billion (US$64 million) with Mizuho Bank Ltd.
This financing package will be used for the development of its utility-scale solar project pipeline in Japan using First Solar modules. As we reported in early February, Mizuho Bank agreed to provide First Solar with JPY27 billion of non-recourse project debt financing for 59.5 MW of PV capacity in Ishikawa prefecture, Japan.
This financing represents the first syndicated solar project development loan facility arranged and participated in by Mizuho Bank, and it is the third loan facility First Solar has secured with Mizuho Bank. In February,it agreed to provide First Solar with JPY 27 billion of non-recourse project debt financing for 59.5 MW of PV capacity in Ishikawa prefecture, Japan.
This financing arrangement will facilitate utility-scale solar projects that will utilize First Solar's next generation Series 6 technology, confirming the performance and reliability advantages inherent to First Solar's technology in Japan.
Country news
-
-
June 07, 2017
Macquarie Capital acquires renewable energy company RES Japan
Read more -
May 24, 2017
ORIX to acquire 22% ownership stake in Ormat
Ormat Technologies and ORIX Corporation has announced that ORIX will acquire an approximately US$627 million ownership stake in Ormat from FIMI ENRG Limited Partnership, FIMI ENRG, L.P., Bronicki Investments, Ltd., and senior members of management, representing in the aggregate an approximately 22.1% ownership position in Ormat.
Read more -
April 26, 2017
KKR's X-Elio closes financing for 66 MW solar in Japan
X-Elio, a spanish solar developer and operator owned by KKR & Co LP, has achieved financial close for two projects with a combined capacity of 66 MW in Miyagi, Japan.
Read more -
April 26, 2017
Project Financing signed for Japanese power plant
Japan Petroleum Exploration Co., Ltd. (JAPEX) has announced that Fukushima Gas Power Co., Ltd. (FGP) has signed a contract for a US$1.27-billion syndicated loan with Development Bank of Japan Inc. as the lead arranger on the 1,180 MW Natural Gas-fired Power Generation Project at Soma Port in Shinchi Town, Fukushima Prefecture.
Read more -
April 06, 2017
Canadian Solar secures project bond in Japan
Canadian Solar Inc. has announced completion of its second green project bond placement with Goldman Sachs Japan Co., Ltd.
Read more
