The 1,200MW Fukushima natural gas project (FGP) in Fukushima Prefecture has received a debt package of US$1.24bn from six lenders and is expected to begin construction by June.
The issue of Green project bonds in Japan continues to receive support, with JAG Energy, which is affiliated with Japan Asia Group, raising about ¥5.4bn (US$47.9m) for a mega large-scale solar project. The country’s lenders such as MUFG and SMBC have also issued Green project bonds.
Zhaoheng Hydropower Holdings is seeking a US$110m three-year term facility, after an absence of nearly three years from the offshore syndicated loan market.
A US$100m-equivalent five-year onshore loan for state-owned Dynagreen Environmental Protection Group has been allocated.