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Japan – Renova secures solar PF
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Renova's subsidiary, First Solar Power, secured a ¥22.3bn (US$144m) loan for non-FIT small-scale solar PV projects. The loan was arranged by SMTB, with Bank of Fukuoka and Resona Bank as co-arrangers. Sumitomo Mitsui Trust Panasonic Finance is the mezzanine lender. The projects, with a 170MW capacity, aim to reduce environmental impact and accelerate decarbonisation. Power purchase agreements for 206MW have been signed with seven companies.
Source: Reuters The copyright of this article belongs to the original author/organization.
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