Shinhan Bank concludes $120 million financing deal for Japanese solar power project

• 7 years ago (2016-11-28)
• David Flin

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Shinhan Bank of South Korea has announced that it has concluded a project financing deal worth $120 million for a 33 MW solar power plant in three regions of Japan – Kagoshima Prefecture, Kumamoto Prefecture, and Shimane Prefecture.

The bank will advise on financial matters, and will also participate in senior loans and fund investment. In addition, the bank will make use of Shinhan BNP Japan Solar Power Fund, run by Shinhan BNP Paribas Asset Management in the investment.

The agreement has developed a new overseas cooperation model with the mid-sized Korean firm Dohwa Engineering, which constructs and operates solar power generation facilities. This breaks with Shinhan’s normal procedure of cooperation with large firms.