18 April 2024 Tokyo, Japan – Sonnedix Japan, on behalf of the Sonnedix Group of companies (Sonnedix Group), the global renewable energy producer with over 3GW operating capacity, announces the successful refinancing of a portfolio of solar PV plants across Japan. 

Sonnedix Japan has combined and closed a portfolio financing for eight of its high voltage projects in Japan, with a combined capacity of 18MW. This marks Sonnedix’s first portfolio financing in Japan, which will enable significant streamlining of processes and will further optimize the operation and management of Sonnedix’s high-quality solar PV assets in the country.

The JPY5,295 million (EUR33 million) agreement, secured from joint lenders MUFG Bank, Ltd and The Iyo Bank, Ltd, also demonstrates Sonnedix’s strong banking relationships in the region and its position as a long-term player in the Japanese renewable energy market.

Combined with a continuous focus on utilising the best technology available, activity such as this refinancing allows Sonnedix to responsibly maximize efficiencies of its renewable power assets and ensures the sustainability and longevity of its solar PV plants throughout the country.

Sonnedix Japan has an established presence as a trusted provider of renewable energy in the region. It currently operates 25 solar PV projects in the country, with a total of c.495 MW controlled capacity. 

Axel Thiemann, CEO of Sonnedix, commented:

“This refinancing, our first portfolio financing in the Japanese market, is a fantastic demonstration of how Sonnedix continues to deliver on optimising our operations and assets across the globe. Driven by our long-term commitment to the Japanese renewable energy market, we continue to focus on further establishing ourselves as a trusted partner in Japan, providing clean, affordable and secure energy sources to help meet decarbonisation goals.”

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About Sonnedix Japan

Established in 2013, Sonnedix Japan is a developer, asset manager, and operator of mega-solar projects in Japan, and the Japanese operator for investments made by ​the Sonnedix ​Group (www.sonnedix.com). ​At present, Sonnedix Japan has a total capacity of 495MW, including 25 operational solar PV plants across the country.

For more information, please visit https://sonnedix.jp/  

About Sonnedix

Sonnedix is a global renewable energy producer with over a decade-long trajectory of sustainable growth. Sonnedix develops, builds, and operates renewable energy projects for the long-term, with a focus on providing green, affordable electricity to our customers, and acting as a true social citizen there where it operates. 

Sonnedix currently has a total capacity of over 10GW, including a development pipeline of more than 6GW, across Chile, France, Germany, Italy, Japan, Poland, Portugal, Spain, USA, and UK. The company continues to expand its global footprint across OECD countries, through acquisitions and development of renewable energy projects.

For more information, please visit www.sonnedix.com

Media contact: sonnedix@fticonsulting.com

TOKYO, Japan – Sonnedix Japan, on behalf of the Sonnedix Group of companies (Sonnedix Group), today announces that it has completed the development of its Motegi project (“the Project”), located in Motegi town, in the Tochigi Prefecture of the Kanto region. It marks the 24th project to become operational in Japan, further strengthening the company’s presence as a trusted provider of renewable energy in the region.

Now in commercial operation, the 16.4-megawatt project will provide 22,230MWh of clean, affordable, and reliable energy in its first full year of operation, equivalent to powering more than 5,000 Japanese homes and avoiding almost 11,000 metric tons of CO2 emissions annually.

The Project is also aligned with Sonnedix’s mindset to maximise the positive impact of solar on communities and minimise impact on the environment. Built on a former golf course, the ground-mounted PV plant utilises existing retention ponds and drainage systems, reducing the amount of civil works required and making use of already available infrastructure.

Axel Thiemann, CEO of Sonnedix, commented:

“I am pleased to announce the commercial operation of our Motegi project. As the 24th project to become operational in Japan, it brings our total capacity in the country to more than 500 megawatts and demonstrates our long-term commitment to the Japanese renewable energy market.

“We remain focused on further establishing ourselves as a trusted partner in Japan, including expanding beyond solar PV, to provide hybrid and bespoke solutions to fit the evolving needs of our customers and help meet decarbonisation goals.”

Sonnedix acquired the Project from Trina Solar Japan Energy in December 2021, and began construction in January 2022, carried out by Daiwa House Industry Co., Ltd. The ground-mounted project includes 540Wp monocrystalline bifacial modules and 3.2MW central inverters.

A 20-year power purchase agreement (PPA) commenced in October 2021 with TEPCO Energy. PPAs remain the cornerstone of Sonnedix’s growth strategy, enabling customers to meet renewable energy targets, while at the same time, protecting them from volatile energy costs.

Sonnedix Japan, on behalf of the Sonnedix group of companies (the Sonnedix Group), currently manages a total capacity including projects under construction and development of approximately 500MW.

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TOKYO, Japan – Sonnedix Japan, on behalf of the Sonnedix Group of companies (Sonnedix Group), achieved financial close for two projects in Japan (18.1MWp Sonnedix Hanamizuki and 16.4MWp Sonedix Motegi) with MUFG Bank as main lead arranger for a combined facility size of JPY 13,247M (EUR 97.3M).

The Sonnedix Hanamizuki was acquired in Q1 2022 at an operational stage from Thai Solar Energy Public Company Limited, whilst the Sonnedix Motegi was acquired late 2021 from Trina Solar International System Business Unit (ISBU)in Japan – Trina Solar Japan Energy, and started construction in January 2022.

Axel Thiemann, CEO of Sonnedix, said: “we are very proud of our growth and expansion in Japan, where we have established ourselves as a trusted solar IPP, developing key partnerships with financial institutions like MUFC Bank, allowing us to continue building and operating solar PV plants, pushing the country’s Energy Transition forward!”.

Sonnedix Japan, on behalf of the Sonnedix group of companies (the Sonnedix Group), currently manages a total capacity including projects under construction and development of approximately 0.5GW.

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About Sonnedix

Sonnedix Power Holdings Limited (together with its subsidiaries, Sonnedix) is a global solar Independent Power Producer (IPP) with a proven track record in delivering high performance cost competitive solar photovoltaic plants to the market. Sonnedix develops, builds, owns and operates solar power plants globally, with a total capacity of over 6GW, including a development pipeline of more than 4GW.
Sonnedix continues to expand its global footprint across OECD countries, with almost 400 solar plants in operations, as well as several hundred MW under construction or various development stages in Chile, France, Germany, Italy, Japan, Poland, Spain, South Africa, USA, and UK.

contact: comms@sonnedix.com

www.sonnedix.com

About Sonnedix Japan

​Established in 2013, Sonnedix Japan is a developer, asset manager, and operator of mega-solar projects in Japan, and the Japanese operator for investments made by ​the Sonnedix ​Group (www.sonnedix.com). ​At present, Sonnedix Japan has a total capacity of almost 500MW, including 20 operational solar PV plants across the country.

For more information, please visit www.sonnedix.jp

TOKYO, Japan – Sonnedix, the global solar independent power producer (IPP), has achieved financial close for a portfolio of two high-voltage power plants, totalling 2.8MWp, from The Iyo Bank, Ltd., for a total facility size of JPY 765M (EUR 5.6M).

The projects are located in Tottori and Shizuoka prefectures and were acquired in late 2021 from Trina Solar International System Business Unit (ISBU) in Japan – Trina Solar Japan Energy. One of the projects (Sonnedix Yonago) was at operational stage at the time of acquisition, whilst the other plant (Sonnedix Hamamatsu) has been under construction until reaching commercial operation last March 26, 2022.

“We are very proud of our sustainable growth in Japan, where we set foot in 2013 through our trusted partner, Sonnedix Japan, and it is currently our third largest portfolio across the group”, said Axel Thiemann, CEO of Sonnedix. “We continue looking for opportunities to further grow this portfolio in the market, through the acquisition of development and operational solar PV projects.”

Sonnedix Japan, on behalf of the Sonnedix group of companies (the Sonnedix Group), currently manages a total capacity of almost 500MW, including development pipeline and projects under construction.

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About Sonnedix

Sonnedix Power Holdings Limited (together with its subsidiaries, Sonnedix) is a global solar Independent Power Producer (IPP) with a proven track record in delivering high performance cost competitive solar photovoltaic plants to the market. Sonnedix develops, builds, owns and operates solar power plants globally, with a total capacity of over 6GW, including a development pipeline of more than 4GW.
Sonnedix continues to expand its global footprint across OECD countries, with almost 400 solar plants in operations, as well as several hundred MW under construction or various development stages in Chile, France, Germany, Italy, Japan, Poland, Spain, South Africa, USA, and UK.

contact: comms@sonnedix.com

www.sonnedix.com

About Sonnedix Japan

​Established in 2013, Sonnedix Japan is a developer, asset manager, and operator of mega-solar projects in Japan, and the Japanese operator for investments made by ​the Sonnedix ​Group (www.sonnedix.com). ​At present, Sonnedix Japan has a total capacity of almost 500MW, including 20 operational solar PV plants across the country.

For more information, please visit www.sonnedix.jp

TOKYO, Japan – Sonnedix Japan, on behalf of the Sonnedix Group of companies (Sonnedix Group), has completed the acquisition of a 18.11MW solar PV project from Thai Solar Energy Public Company Limited.

This ground-mounted solar PV plant, located at an abandoned farm in the Ishikawa prefecture, is in operations since January 2019 and benefits from the Japanese FiT regime.

Axel Thiemann, CEO of Sonnedix, said: “we continue growing our solar PV platform in Japan through acquisitions of both operational and development projects. This transaction demonstrates our commitment to the Japanese market, where we have been operating, through our trusted partner Sonnedix Japan, since 2013. “

Sonnedix Japan currently manages a total capacity of over 480MW on behalf of Sonnedix.The Group, which operates across eight countries worldwide, continues actively looking for further acquisition and development opportunities in Japan, and other OCDE countries.

On this transaction, Sonnedix was advised by Nagashima Ohno & Tsunematsu. Thai Solar Energy Public Company Limited was advised by Krungthai Zmico Securities.

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About Sonnedix

Sonnedix Power Holdings Limited (together with its subsidiaries, Sonnedix) is a global solar Independent Power Producer (IPP) with a proven track record in delivering high performance cost competitive solar photovoltaic plants to the market. Sonnedix develops, builds, owns and operates solar power plants globally, with a total capacity of over 5GW, including a development pipeline of more than 2.7GW.
Sonnedix continues to expand its global footprint across OECD countries, with more than 370 solar plants in operations, as well as several hundred MW under construction or various development stages in Italy, France, Germany, Spain, USA, Chile, South Africa and Japan.

contact: comms@sonnedix.com

www.sonnedix.com

About Sonnedix Japan

​Established in 2013, Sonnedix Japan is a developer, asset manager, and operator of mega-solar projects in Japan, and the Japanese operator for investments made by ​the Sonnedix ​Group (www.sonnedix.com). ​At present, Sonnedix Japan has a total capacity of almost 500MW, including 19 operational solar PV plants across the country.

For more information, please visit www.sonnedix.jp