General Electric has secured a $822million loan to build a 231-megawatt solar power station in western Japan.
GE subdivision, GE Energy Financial Services, will manage the Okayama prefecture project in conjunction with joint venture partners Toyo Engineering Corp and Kuni Umi Asset Management.
Construction is due to begin in November and the station is scheduled to be operational from 2019.
A string of Japanese banks pooled together to provide the bumper loan.
The Bank of Tokyo-Mitsubishi UFJ, Mizuho Bank, and Sumitomo Mitsui Banking Corp. will serve as lead arrangers of the 22 1/2- year syndicated loan.
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