SONNEDIX CLOSES FINANCING FOR 2 PROJECTS IN JAPAN, TOTALLING 34.5 MW
12 April 2022
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.
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.
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