(Bloomberg) — Aozora Bank Ltd. and other banks will
provide loans for a 14-megawatt solar power station in
Three regional banks — the Daishi Bank Ltd., the Taiko
Bank Ltd., and the Hokuetsu Bank Ltd. — will join Aozora for
the funding of the plant under construction in Niigata
prefecture, the banks said in a statement Thursday. No financial
terms were disclosed.
The 5 billion yen ($42 million) station is being developed
by Japan Renewable Energy Co. and Kitac Corp., according to the
statement. It is scheduled to begin operations in December.
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Chisaki Watanabe in Tokyo at
To contact the editors responsible for this story:
Reed Landberg at
Iain Wilson, Keith Gosman