Shinsei Bank to Provide Loan for 19MW Solar Station in Japan

(Bloomberg) — Shinsei Bank Ltd. will lead a group that
will provide a 6.8 billion yen ($57 million) loan for a solar
power station in northern Japan.

The plant, to be set up in Hokkaido, will be developed by
Watami Co., a restaurant chain operator, and Community Solar
System Corp., Tokyo-based Shinsei said today in a statement.

The plant will start operations in March 2016, according to
the statement. Hokkaido Bank Ltd. and Hokuto Bank Ltd. will join
Shinsei in providing the loan.

To contact the reporter on this story:
Chisaki Watanabe in Tokyo at
cwatanabe5@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Andrew Hobbs

About BloombergNEF

BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
 
Sign up for our free weekly newsletter →

Want to learn how we help our clients put it all together? Contact us