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First Solar Receives Construction Loan for Utility-scale Solar Plants

Will develop solar power plants in Japan.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

First Solar, Inc. announced that Mizuho Bank Ltd. was extending a low interest construction loan facility of up to $33 million (4 billion yen) in Japan to First Solar Japan GK to develop utility-scale solar power plants.
 
The financing will be available for funding construction of qualified projects in First Solar’s development pipeline in Japan. First Solar will engage with Japanese companies to construct the projects.
 
“The loan facility offering for PV utility-scale solar projects will further enhance Japan’s ongoing efforts to reduce its dependency on imported fossil fuels,” Jack Curtis, First Solar’s regional manager for Asia Pacific, said.

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