US Facilities · Glass (solar panels)
JBIC lends up to $100 million for Nippon Sheet Glass solar-glass plant in Ohio
- Company
- Nippon Sheet Glass (NSG Glass North America), with JBIC financing (Tokyo)
- Project
- New TCO solar-glass plant, Ohio
- Value
- JBIC loan up to $100M; total co-financing $208M
- Status
- Loan agreement signed on August 29, 2019.
- Date
- 2019-08-29
The Japan Bank for International Cooperation (JBIC) signed a loan of up to $100 million to NSG Glass North America, the US unit of Nippon Sheet Glass, for a new plant in Ohio making glass with a transparent conductive oxide (TCO) coating for solar panels. Together with private banks, the financing totals $208 million. The plant will supply First Solar. The total cost of the plant was not stated.
Why it matters
The loan shows JBIC backing a Japanese supplier's US production tied to a US solar panel maker, a model of state financing for overseas plants.
Sources
Kakehashi M&A News home
