Aozora, Other Banks to Provide Loan for 14MW Japan Solar Park

(Bloomberg) — Aozora Bank Ltd. and other banks will
provide loans for a 14-megawatt solar power station in
northwestern Japan.

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.

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, Keith Gosman

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