The companies completed financing for Mimasaka on a non–recourse project finance basis. The Bank of Tokyo–Mitsubishi UFJ and Chugoku Bank supported the deal with a JPY ¥13 billion credit facility.
They did not disclose additional details. Pacifico Energy is a Tokyo-based utility-scale solar project developer and subsidiary of Virginia Solar Group.
“This investment helps Mimasaka achieve its goal of transforming itself into a zero emission city,” says Nate Franklin, partner at Virginia Solar Group.
