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Shinsei Bank Concludes a Project Financing Agreement for a Mega Solar Project in Mito City and Shirosato Town in Ibaraki PrefectureProject Financing Agreement • July 8th, 2023
Tokyo (Monday, May 20, 2013) --- Shinsei Bank, Limited (“Shinsei Bank”; “the Bank”) today announced that it has concluded a project financing agreement for the construction of large-scale solar power plants. In terms of the project financing agreement, these mega solar power plants, with a total output of approximately 40 megawatts, will be operated on approximately 50 hectares of land in Mito city and Shirosato town in Ibaraki prefecture, by Japan Renewable Energy Co., Ltd. (Minato-ku, Tokyo, Representative Director and President: Shigeru Yasu and Takahisa Nakagawa, “JRE”), the developer and operator of a solar power generation business. A loan agreement for project financing was signed on May 15, 2013. The project financing agreement was arranged through a loan arrangement by Shinsei Bank in order to raise approximately 10 billion yen out of the total construction costs.
