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First Solar secures $64M loan facility for utility-scale projects in Japan

First Solar Inc. has signed a $64 million syndicated development loan facility agreement with Mizuho Bank Ltd. for its utility-scale solar project pipeline in Japan, according to a June 9 release.

The financing represents the first syndicated facility arranged and participated in by Mizuho Bank, and it is the third loan facility First Solar has secured with Mizuho Bank, the company said.

First Solar supplies energy solutions that supports Japan's renewable energy target of 7% solar by 2030.

Separately, First Solar appointed Molly Joseph to its board of directors. Joseph is CEO of UnitedHealthcare Global and executive vice president of UnitedHealth Group, according to a company release.