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Japan Banks Follow Goldman to $19 Billion Solar Market

BLOOMBERG - Japan’s biggest banks are following Goldman Sachs Group Inc. into domestic solar-power projects, anticipating an eightfold increase for investments in the industry.

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Print February 7, 2013, 11:57 (CET)
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Mitsubishi UFJ Financial Group Inc., Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. expect the market to be worth as much as 1.8 trillion yen ($19 billion) over the next three years. That’s more than eight times the roughly 223 billion yen of investment into Japanese solar installations in 2012, according to data compiled by Bloomberg.


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