TOKYO -- Offshore wind farms planned across Japan total 2 trillion yen ($18 billion) in project costs, Mizuho Bank estimates, offering lending opportunities for banks seeking to boost their environmental credentials.
The Mizuho Financial Group member and peers Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group are reportedly considering proposals for financing 10 such projects as lead underwriters. Offshore wind farms typically require financing from multiple lenders due to their high costs.
