The Japan Bank for International Cooperation and Mizuho Bank have signed a $330 million (¥35 billion) syndicated loan for a plan to build what will be the first megasolar power plant in Qatar.
The project is part of efforts to spur the Middle East state's efforts to increase the proportion of renewable energy in its total electricity generation to 20 percent by 2030.
A major liquefied natural gas exporter to Japan, Qatar has long been relying on fossil fuels and thermal power generation.