Sumitomo Bank, Others to Invest in Solar Power Fund by Sparx

(Bloomberg) — Sumitomo Mitsui Banking Corp., NEC Capital
Solutions Ltd.
and Maeda Corp. plan to invest as much as 5
billion yen ($42 million) in a solar power fund set up by Sparx
Group Co.

Sparx, a Japanese asset manager, will invest 100 million
yen for the fund, the company said in a statement today.

The fund will invest in about five solar stations, the
Nikkei newspaper reported earlier today.

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
Iain Wilson

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