28 Sep '15, 10am

Banks invest US$132 million in Fukushima’s biggest PV plant to date

Numerous PV plants have been built in areas directly affected by the 2011 Great East Japan Earthquake. Image: Andy Colthorpe. The largest solar plant to date in the tsunami-affected Tohoku region of Japan, a 52.5MW PV project, will be built with ¥ 15.8 billion (US$132 million) in loans from four banks, including the Bank of Tokyo-Mitsubishi UFJ. Renatosu Soma Solar Park is being developed in Soma City by a joint venture (JV) led by Kyudenko Corporation, a Japanese company in which the principal shareholder is southern Japanese utility company Kyushu Electric Power. Module supplier to the project is expected to be Marubeni Corporation, one of the country’s biggest trading companies, as reported by PV Tech in July . Regional lender 77 Bank, which is based in nearby Sendai Prefecture, announced this morning that it will be the main lender in the development of Renatosu Soma S...

Full article: http://www.pv-tech.org/news/banks_invest_us132_million_in...

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