Sonnedix 40 MW Soma solar PV plant achieves financial close and construction is underway

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Tokyo, Japan – Sonnedix Soma Solar (40 MW) PV Plant, located in Soma city, Fukushima prefecture, reached financial close on 10 July 2020. The JPY 17.5bn (EUR 145.2 million) club financing was led by Sumitomo Mitsui Trust Bank, Limited (“SMTB”) and underwritten by SMTB, The Bank of Fukuoka, Toho Bank, The Bank of Yokohama, Fukushima Bank and Joyo Bank.
Daiwa House is the EPC contractor for the construction of this project, which is expected to be completed in early 2022. When operational, the solar plant is expected to generate over 48,000 MWh of clean electricity per year, equivalent to the amount consumed by approximately 16,000 households.
“This financial close for Sonnedix Soma Solar represents another significant milestone of our resilient and dedicated team, and it’s testament to our strong commitment to the Japanese market. Now, more than ever, we are focusing on our growth strategy, and this achievement takes us one step closer to becoming leading player in the Japanese solar sector” said Axel Thiemann, CEO of Sonnedix.
Sonnedix Japan KK (“Sonnedix Japan”) currently manages on behalf of Sonnedix group of companies (“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

Sonnedix commences commercial operation on 32.9 MW of solar PV in Iwate, Japan

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Tokyo, Japan – Sonnedix’s 32.9 MW Iwate Miyako Mega-solar PV Plant, located in Yamada-machi and Miyako-city, Iwate prefecture, achieved commercial operation on 3 June 2020. This is the second large scale solar PV project in Japan entering operation this year that was fully developed and financed by Sonnedix Japan for the Sonnedix Group, bringing the total operating capacity in Japan to 133 MW – with a further 83 MW, expected to reach COD later in the year.

The plant is expected to produce 39,500 MWh of clean energy during its first full year of operation. This is the equivalent to powering around 13,200 households, avoiding the emission of around 19,200 metric tons CO2 per year. The electricity generated by the solar plant will be sold to Tohoku EPCO, through a 20-year Power Purchase Agreement (PPA).

Built by Daiwa House, the PV plant is powered by 340Wp modules manufactured by Hanwha Q Cells, as well as 33kW string inverters supplied by Huawei.

Axel Thiemann, Sonnedix Group CEO, said: The beginning of the operations phase for Iwate Miyako Mega-solar PV Plant marks a milestone for Sonnedix, as it consolidates our in-country-growth and expansion strategy, and positions us as one of the leading players in the Japanese solar market.

Sonnedix Japan, on behalf of the Sonnedix group of companies (the Sonnedix Group), currently manages 133 MW of solar PV capacity in operation and more than 380 MW of solar PV capacity under construction and 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 950MW 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 crosses 100 MW of solar PV operating capacity in Japan with its latest acquisition

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TOKYO, Japan – Sonnedix Japan K.K. (Sonnedix Japan) has completed the acquisition on behalf of the Sonnedix Group of companies (Sonnedix Group) of two solar PV plants totalling 5.5 MW in the Shimane prefecture, west of Japan. Both plants began commercial operation in 2018.

Axel Thiemann, CEO of Sonnedix said: The acquisition of these operational solar PV plants in Japan is further testament to Sonnedix’s commitment to the Japanese market, and to optimize each investment for the long-term, as we continue to actively seek opportunities to expand our global footprint.

This acquisition brings the total operating capacity in the country managed by Sonnedix Japan to over 100 MW. In addition, Sonnedix Japan manages 237.8 MW of solar PV capacity in construction, and a total controlled capacity in excess of 500 MW.

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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 950MW 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

 

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 adds 38.7 MW of solar PV operating capacity to its Japan portfolio

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Tokyo, Japan – Sonnedix Oita Solar, a 38.7 MW solar PV plant, began commercial operation on Monday, 16 March 2020. This is the first large scale solar PV project fully managed through the development, financing and construction phase by Sonnedix Japan for the Sonnedix Group, bringing the operating capacity of the Sonnedix Group’s portfolio to 95 MWp in Japan – with an additional 116 MWp, expected to reach COD in 2020.

Located in the Oita prefecture, the plant is expected to produce 46,400 MWh of clean energy during its first full year of operation. This is the equivalent to powering around 15,500 households, avoiding the emission of around 22,502 metric tons CO2 per year. The electricity generated by the solar plant will be sold to Kyushu Electric, through a 20-year Power Purchase Agreement (PPA).

Axel Thiemann, Sonnedix Group CEO, said: The beginning of the operations phase for Sonnedix Oita Solar marks a milestone for Sonnedix Japan, and the Sonnedix Group, as it consolidates our in-country-growth and expansion strategy, and positions us as one of the leading players in the Japanese solar market.

Sonnedix Japan, on behalf of the Sonnedix group of companies (the Sonnedix Group), currently manages more than 300 MW of solar PV capacity in operation or construction and over 500MW of total controlled capacity.

Sonnedix Oita Solar, built by Maetel Construction Japan, is powered by 340Wp LG ground- mounted modules, as well as 1,667kW central PV inverters manufactured by Toshiba- Mitsubishi-Electric Industrial Systems Corporation (TMEIC).

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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 950MW 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

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.
Click here for more information about Sonnedix Japan

Sonnedix 36.4 MW Kurayoshi solar PV plant reaches financial close and construction is underway

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Project drives next phase of Sonnedix expansion in Japan

Tokyo, Japan – Sonnedix Japan K.K. (Sonnedix Japan) has announced financial close on a JPY 14.2 billion (EUR 113.9 million) project financing with Sumitomo Mitsui Trust Bank, Limited (SMTB) for the 36.4 MW Kurayoshi solar PV plant.

The 36.4 MW Kurayoshi solar PV plant is located in the Tottori Prefecture. The ‘Notice to Proceed’ was previously issued to the EPC contractor, Maetel Construction Japan, in November 2018, during the METI feed-in-tariff reduction proposal consultation.

Sonnedix Japan currently manages almost 250 MW of solar PV capacity in operation or construction on behalf of the Sonnedix group of companies (Sonnedix), which expects to exceed 500 MW of solar PV operational capacity in the next few years in Japan. The Kurayoshi solar PV plant, Sonnedix’s third ‘mega-plant’ to enter construction in the last 12 months, is expected to start operation in mid-2020.

“Achieving financial close for the Kurayoshi project is the latest milestone in our long-term commitment to the Japan market, and is testament to our confidence in achieving operational excellence for all our projects under the new governmental regulations announced in 2018,” said Axel Thiemann, CEO of Sonnedix. “I look forward to continued growth as Sonnedix Japan actively seeks opportunities to acquire quality solar PV projects in all stages of development.

The Kurayoshi solar PV plant will use over 100,000 Hanwha 345 Wp modules and 13 TMEIC central inverters. When completed, the plant will generate approximately 42,000 MWh of clean electricity per annum, equivalent to the amount consumed by approximately 12,000 households.

 

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About Sonnedix

Sonnedix Power Holdings Limited (together with its subsidiaries, Sonnedix) is an Independent Solar Power Producer 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 800 MW of photovoltaic power plants in operation, as well as more than 800 MW under development, in Italy, France, Spain, USA/Puerto Rico, Chile, South Africa and Japan.

For more information, please visit 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 (www.sonnedix.jp).