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

Premium
September 11, 2026
The financial difficulties of one of Europe’s best-known downstream solar companies highlight the faultlines running through the continent’s PV and energy storage business.
September 11, 2026
Plans for the US’ “first end-to-end” solar PV critical materials recovery and recycling facility have been announced.
September 11, 2026
This week's PV Chart of the Week profiles the technology breakdown of projected US solar module production capacity.
Premium
September 11, 2026
PV Talk: PERC has the potential to be a “workhorse” in the US cell manufacturing space, Suniva's Matt Card tells PV Tech Premium.
September 11, 2026
Italian power utility Enel has bought two solar PV projects in the US with a combined 625MW of generation capacity.
September 11, 2026
Georgia Power has secured Georgia Public Service Commission (PSC) approval for seven solar PPAs totalling 1,137MW under its CARES programmes.

Upcoming Events

Solar Media Events
October 13, 2026
San Francisco Bay Area, USA
Solar Media Events
November 3, 2026
Málaga, Spain
Solar Media Events
November 24, 2026
Warsaw, Poland
Solar Media Events
February 2, 2027
London, UK