SONNEDIX CLOSES ITS FIRST PORTFOLIO FINANCING IN JAPAN AS IT STARTS COMMERCIAL OPERATION OF ITS FOURTH PLANT IN 2022
06 April 2022
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.
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