Sonnedix achieves financial close for 14 MW Sonnedix Yamaguchi Mine solar PV plant in Japan

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Tokyo, Japan –Sonnedix Japan, on behalf of the Sonnedix Group of companies (Sonnedix Group), has completed a JPY 5.45bn project financing with the Bank of Fukuoka.

The financing covers a 14MW solar PV plant acquired in October 2020 from global PV developer X-Elio. The plant is located in the Yamaguchi prefecture, and has been in commercial operation since June 2020.

“This financial close is testament to our commitment to the optimisation of our assets and to the Japanese market, where we experienced tremendous growth last year “ said Axel Thiemann, CEO of Sonnedix. “Despite the challenges of a global pandemic, our team added 232 MW of operational capacity to our Japanese portfolio through the completion of four projects and the acquisition of another five fully-operative solar PV plants.”

Sonnedix Japan KK (“Sonnedix Japan”) currently manages on behalf of Sonnedix 288 MW of operational solar PV capacity, with a further 304 MW in various stages of construction and development.
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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 controlled capacity of over 2 GW.
Sonnedix continues to expand its global footprint across OECD countries, with more than 300 solar plants in operations, as well as several hundred MW under development in Italy, France, Spain, USA/Puerto Rico, Chile, South Africa and Japan.

For more information, please visit www.sonnedix.com
Press contact: comms@sonnedix.com

About Sonnedix Japan

Sonnedix Japan is a developer, asset manager, and operator of mega-solar projects in Japan, and the Japanese operator for investments made by Sonnedix (https://sonnedix.com).

For more information, please visit www.sonnedix.jp

Sonnedix acquires a 50 MW solar PV plant in Japan

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On 18 December 2020, Sonnedix Japan, on behalf of the Sonnedix Group of companies (Sonnedix Group), completed the acquisition of a 55.6 MW ground-mounted solar PV plant.

The plant, located in the Hitachi City, Ibaraki prefecture, started operations in August 2017 and is currently under a feed-in-tariff until August 2037.

“It has been an incredibly successful year for the Sonnedix Japan team, who’s been capable of adding close to 200 MW to our operational capacity” said Axel Thiemann, CEO of Sonnedix – “within the context of 2020, this makes us very confident about our ability to continue rapidly expanding our presence in the Japanese market”.

Sonnedix Japan KK (“Sonnedix Japan”) currently manages on behalf of Sonnedix 251.6 MW of solar PV capacity in operation, with a further 338 MW in construction and under development.

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About Sonnedix

Sonnedix Power Holdings Limited (together with its subsidiaries, Sonnedix) is an Independent Solar 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, including over 1GW of photovoltaic power plants in operation, as well as several hundred MW under development, in Italy, France, Spain, USA/Puerto Rico, Chile, South Africa and Japan.

For more information, please visit www.sonnedix.com
Press contact: comms@sonnedix.com

About Sonnedix Japan

Sonnedix Japan is a developer, asset manager, and operator of mega-solar projects in Japan, and the Japanese operator for investments made by Sonnedix (https://sonnedix.com).

For more information, please visit www.sonnedix.jp

Sonnedix acquires 14 MW of solar PV operating capacity in Japan from global developer X-Elio

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TOKYO, Japan – On October 15, 2020, Sonnedix Japan K.K. (Sonnedix Japan) has completed the acquisition on behalf of the Sonnedix Group of companies (Sonnedix Group) of a 14 MW solar PV plant in the Yamaguchi prefecture of Japan from global PV developer X-Elio.

The plant is located in the city of Mine and has been in commercial operation since June 2020.

“This acquisition contributes to strengthening our position in Japan, where we’ve recently completed both acquisitions and construction projects, reaching a total controlled capacity of 520 MW. It also demonstrates our commitment to optimize each investment for the long-term, as we continue to actively seek opportunities to expand our global footprint” said Axel Thiemann, CEO of Sonnedix.

X-Elio’s CEO, Mr. Lluis Noguera, states: “This transaction with Sonnedix demonstrates once again the strength of our business model and the great performance of X-Elio’s team in the development, design, construction, financing, maintenance and operation of photovoltaic plants. We are very glad to sell this asset to a leader like Sonnedix that shares our ambition to reduce CO2 emissions around the world through the development and ownership of renewable assets. Solar PV is going to be a key component to achieve Japan’s environmental targets and we will continue to develop, build and operate projects to support the country in this ambitious path.”

During its first year of operation, the plant will avoid the emission of around 10,000 tons of CO2 per year, providing green electricity to more than 1,000 homes.

With this new acquisition, Sonnedix Japan increases its operational capacity to 196 MW, in addition to over 338 MW currently in construction and/or development. X-Elio, on its end, counts with a total portfolio experience in the Japanese market of 377 MW, with 200 MW built and 177 MW under construction or development with secured tariffs.

With agreements like these, the companies reaffirm their position as key active players in the energy transition in Japan, a market traditionally dependent on nuclear power.

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About Sonnedix

Sonnedix Power Holdings Limited (together with its subsidiaries, Sonnedix) is an Independent Solar 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, including over 1GW of photovoltaic power plants in operation, as well as several hundred MW under development, in Italy, France, Spain, USA/Puerto Rico, Chile, South Africa and Japan. For more information, please visit www.sonnedix.com. Media contact: comms@sonnedix.com

 

About Sonnedix Japan

Sonnedix Japan is a developer, asset manager, and operator of mega-solar projects in Japan, and the Japanese operator for investments made by Sonnedix (https://sonnedix.com). Click here for more information about Sonnedix Japan.

 

About X-ELIO:

X-ELIO is a leading company specialized in the development, construction, financing and operation of photovoltaic plants with global presence in Europe, United States, Latin America, Japan and Australia. The firm counts with 15 years of experience in the industry with more than 2,5 GW built and 25 PV plants in operation and presence in 10 countries. In 2019 it achieved a revenue in excess of €100M. The group is a global leader in renewable and sustainable energy, with a strong commitment to the reduction of greenhouse gases and the fight against climate change. www.x-elio.com/

 

Sonnedix acquires 2.3 MW of solar PV operating capacity in Japan

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31 August, 2020

TOKYO, Japan – On August 8th, 2020, Sonnedix Japan K.K. (Sonnedix Japan) completed the acquisition on behalf of the Sonnedix Group of companies (Sonnedix Group) of a 2.3 MW solar PV plant in the Mie prefecture, centre of Japan. The Plant has a PPA with Chubu Electric Power under the Feed-in-Tariff scheme.  The plant began operations in July 2016.

“This acquisition contributes to strengthening our position in Japan, where we have a total controlled capacity surpassing 500 MW. It also demonstrates our commitment to optimize each investment for the long-term, as we continue to actively seek opportunities to expand our global footprint” said Axel Thiemann, CEO of Sonnedix.

With this new acquisition, Sonnedix Japan manages 135.4 MW of operational capacity in the country, in addition over 380 MW currently in construction and/or development.

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About Sonnedix

Sonnedix Power Holdings Limited (together with its subsidiaries, Sonnedix) is an Independent Solar 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, including over 1GW of photovoltaic power plants in operation, as well as several hundred MW under development, in Italy, France, Spain, USA/Puerto Rico, Chile, South Africa and Japan.

For more information, please visit www.sonnedix.com
Media contact: comms@sonnedix.com

 

About Sonnedix Japan

Sonnedix Japan is a developer, asset manager, and operator of mega-solar projects in Japan, and the Japanese operator for investments made by Sonnedix (https://sonnedix.com). Click here for more information about Sonnedix Japan.

Sonnedix achieves financial close for 5.5 MW of operational capacity in the Shimane prefecture

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Tokyo, Japan – On 17 July 2020, Sonnedix Japan, on behalf of the Sonnedix Group of companies (Sonnedix Group), completed a JPY 2.4bn (EUR 20 million) project financing led by Iyo Bank.

The financing covers two operational solar PV plants acquired earlier this year in the Shimane prefecture totalling 5.5 MW. Both are ground-mounted plants and have been in operation since 2018.

“We are very pleased to have reached this latest financial close in Japan, as we continue to grow our presence in this market. During the first half of 2020, our team at Sonnedix Japan has managed to drive business forward despite the challenges we are facing, and I am incredibly proud of seeing Sonnedix expand its platform in Japan, through acquisition and development, as part of our wider growth strategy.” said Axel Thiemann, CEO of Sonnedix.

Sonnedix Japan KK (“Sonnedix Japan”) currently manages on behalf of Sonnedix 133 MW of solar PV capacity in operation, with a further 205 MW in various stages of construction.

 

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About Sonnedix

Sonnedix Power Holdings Limited (together with its subsidiaries, Sonnedix) is an Independent Solar 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, including over 1GW of photovoltaic power plants in operation, as well as several hundred MW under development, in Italy, France, Spain, USA/Puerto Rico, Chile, South Africa and Japan.

For more information, please visit www.sonnedix.com
Media contact: comms@sonnedix.com

 

About Sonnedix Japan

Sonnedix Japan is a developer, asset manager, and operator of mega-solar projects in Japan, and the Japanese operator for investments made by Sonnedix (https://sonnedix.com).

For more information, please visit www.sonnedix.jp