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.
Financing from Sumitomo Mitsui Trust Bank for the 28 MW Shiroishi photovoltaic park and the 38 MW Tsurusu solar power plant has been secured. X-Elio's Japanese portfolio reached nearly 190 MW with these two projects.
Construction works will be carried out by NEC Networks & System Integration Corp (Nesic) with expected power generation by second half of 2018.
With three projects under construction to be commissioned between end-2017 and mid-2018, the company already has two operational solar farms in Japan.
The solar photovoltaic (PV) arm of Spain’s Gestamp Renewables, Gestamp Asetym Solar SL, was acquired by KKR back in early 2016 after its announcement in July 2015 and renamed to X-Elio.
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 moreCanadian Solar Inc. has announced completion of its second green project bond placement with Goldman Sachs Japan Co., Ltd.
Read moreCanadian Solar Inc. has announced that its wholly-owned subsidiary Canadian Solar Projects K.K. has entered into a 3-year credit agreement for JPY4 billion (US$36 million) with Sumitomo Mitsui Finance and Leasing Company, Limited (SMFL), a member of Sumitomo Mitsui Financial Group.
Read moreRenova, a Japanese renewable energy developer, to carry out a feasibility study on a 560 MW nearshore wind farm off the city of Yurihonjo in Akita Prefecture in the northern Tohoku region of Japan.
Read moreFirst Solar, Inc. has announced that it has obtained non-recourse project debt financing of approximately JPY27 billion (US$240 million) in a syndicated loan arranged by Mizuho Bank Ltd. for a utility-scale solar project in Ishikawa prefecture, Japan.
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