15 October 2015

First Solar Japan receives construction loan facility from Mizuho Bank to develop utility-scale solar plants

First Solar Inc of Tempe, AZ, USA, which makes thin-film photovoltaic modules based on cadmium telluride (CdTe) as well as providing engineering, procurement & construction (EPC) services, says that Mizuho Bank Ltd is extending a low-interest construction loan facility of up to $33m (4bn 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," says Jack Curtis, First Solar's regional manager for Asia Pacific. "Mizuho Bank Ltd's support for First Solar's project development is expected to encourage further participation with more private investments in the PV utility-scale solar sector in Japan."

Tags: First Solar Thin-film photovoltaic CdTe

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