Japan's Orix Bank to plow $2.9bn into renewables and logistics

Digital bank to securitize lending for investors hungry for ESG investments

20230712 Japan solar REUTERS

A solar farm in Kawasaki, Japan. Japanese online lender Orix Bank is looking to finance more renewable energy projects domestically. © Reuters

RIHO TAKAHASHI, Nikkei staff writer

TOKYO -- Japanese digital lender Orix Bank will extend roughly 400 billion yen ($2.89 billion) of financing this fiscal year to renewable energy and logistics projects, Nikkei has learned, as it aims to diversify its portfolio away from real estate.

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