GE, Toyo, Kuni Umi to Get 90 Billion Yen Loan for Solar Plant
September 29, 2014
Sept. 29 (Bloomberg) — A unit of General Electric Co. and
partners will get a 90 billion yen ($822 million) loan from
Japanese banks to build a 231-megawatt solar power station in
GE Energy Financial Services, Toyo Engineering Corp., and
Kuni Umi Asset Management Co. will build the 110 billion yen
station in Okayama prefecture, the companies said in a statement
Construction will start in November and the station will
start running in 2019, according to the statement.
The Bank of Tokyo-Mitsubishi UFJ, Mizuho Bank, and Sumitomo
Mitsui Banking Corp. will serve as lead arrangers of the 22 1/2-year syndicated loan, which will also be provided by regional
To contact the reporter on this story:
Chisaki Watanabe in Tokyo at
To contact the editors responsible for this story:
Reed Landberg at
Iain Wilson, Abhay Singh
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