First Solar Secures Syndicated Financing Arranged by Mizuho Bank for Utility-Scale Solar Project in Ishikawa, Japan
The Ishikawa Sogo Solar Power Plant, with a generation capacity of 59.5 megawatt (MW)AC, will be one of the largest mega solar projects in the Hokuriku region. Once complete, it is expected to provide enough clean energy to serve the needs of around 17,500 average Japanese homes, displacing approximately 35,000 metric tons of carbon dioxide per year.
Solar power plays a significant role in Japan's renewable energy
strategy and the availability of project debt financing will further
bolster utility-scale solar development to meet the unique energy needs
The Ishikawa Sogo Solar Power Plant is scheduled to commence operation in late 2018.
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