Shinsei Bank provides loan for 40MW worth of Japanese PV projects

Facebook
Twitter
LinkedIn
Reddit
Email

Japan's Shinsei Bank has signed a project financing agreement with Japan Renewable Energy to provide a ¥10 billion (US$97 million) loan to fund the development of 40MW worth of PV projects.

The solar power projects will be built on around 50 hectares of land in the city of Mito and the town of Shirosato in Japan’s Ibaraki prefecture by Japan Renewable Energy. Construction is due to commence in June while commercial operation has been slated for January 2015.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

All output generated by the PV facilities will be sold to utility firm Tokyo Electric Power Company at a fixed price for a period of 20 years.  

The project represents Japan Renewable Energy’s first solar power project. The company was set up by investment firm Goldman Sachs’ as part of its strategy to tap into the growing demand of renewable energy.

Indeed, Goldman Sachs has reportedly set aside ¥50 billion for the development of renewable energy projects in Japan over the next five years in addition to obtaining bank loans and project financing. 

Read Next

November 2, 2026
Bryen Alperin, partner at Foss & Company, explains the real risks for tax credit buyers, and why most can be handled in diligence.
November 2, 2026
Neoen has secured AU$1.8 billion in debt financing from 13 lenders for a 1.2GW Australian renewables and energy storage portfolio.
October 30, 2026
Norwegian independent power producer (IPP) Scatec has been impacted by an impairment loss from its solar PV plants and intangible assets in Ukraine and Pakistan during its third quarter results for 2026.
Premium
October 30, 2026
Renewabl's JP Cerda speaks to PV Tech Premium about changing corporate procurement strategies and the impact of negative electricity prices.
October 30, 2026
The 200MW FPV project in Malaysia will be one of the largest floating solar developments in Southeast Asia, built using Masdar's experience from 145MW Cirata plant in Indonesia.
October 30, 2026
US solar manufacturer First Solar reported net sales of US$1.23 billion for the third quarter of 2026, down 23% year-on-year.

Upcoming Events

Solar Media Events
November 3, 2026
Málaga, Spain
Solar Media Events
November 24, 2026
Warsaw, Poland
Solar Media Events
February 2, 2027
London, UK
Solar Media Events
April 20, 2027
Istanbul, Türkiye