Infrastructure SpA has obtained a non-recourse loan of approximately € 10 million for the construction of a 4.4 MW photovoltaic plant in Litate, a town in Fukushima Prefecture. To grant the amount theJapanese credit institution Sumitomo Mitsui Trust Bank.
Located on a surface of 8 hectares, the plant will be built by Solar Spv GK, 100% controlled by Infrastructure SpA “We are particularly proud to have obtained the trust of one of the most authoritative Japanese banks, as the project is the culmination of a path started ten years ago by our company in the land of the rising sun, ”he said Pier Francesco Rimbotti, CEO of Infrastrutture SpA.
“Ten years after the Fukushima tragedy, we strongly believe that the continued growth of renewables is very important for Japan and we are grateful for the support and trust of local governments,” he said instead. Minoru Saito, Ceo di Hergo Japan Energy Corporation, driving force of Infrastrutture SpA in Japan.
The Group, which in the Asian country has already developed 90MW of photovoltaic projects, has recently landed on the Latin American market, considered particularly strategic for the renewables sector and is completing acquisitions in Europe, in particular in Spain, with the aim of building a portfolio of nearly 3 GW.
Japan, business confidence returns to pre-Covid levels
Meanwhile, another positive news calms the economy of the Rising Sun. L’Tankan business confidence index in Japan, in fact, it has returned to pre-Covid levels and stands at +5 in the first quarter year, from -10 in the previous survey in December 2020. Analysts expected it to stop at zero, considering that in early summer 2020 the Tankan index had plummeted to -34. For large service companies, confidence rose less, stopping at -1 versus -5 previously, but analysts expect that with Olympic Games, albeit without that induced tourism generated, the situation improves further during 2021.