Sonnedix closes EUR 172M financing for 55MW Sonnedix Hitachi Juo in Japan
10 May 2021
TOKYO, Japan – Sonnedix Japan, on behalf the global solar independent power producer (IPP) Sonnedix has achieved financial close for the refinancing of 55MW Sonnedix Hitachi Juo, from MUFG Bank, Joyo Bank, and 7 co-financing regional banks.
The project, located in the Ibaraki prefecture, was acquired in December 2020. It started operations in August 2017, and it’s currently under a feed-in-tariff until August 2037.
“Transactions like these further demonstrate our commitment to the Japanese market, and allows us to continue growing sustainable, optimising our assets throughout their entire life cycle, and play a social citizen role in the communities where we operate” said Axel Thiemann, CEO of Sonnedix.
Sonnedix Japan KK (“Sonnedix Japan”) currently manages 288MW of operational solar PV capacity on behalf of Sonnedix, with a further 304MW in various stages of construction and development.
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 3.9GW, including a development pipeline of almost 2GW.
Sonnedix continues to expand its global footprint across OECD countries, with more than 320 solar plants in operations, as well as several hundred MW under development in Italy, France, Spain, USA/Puerto Rico, Chile, South Africa and Japan.
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.
For more information, please visit www.sonnedix.jp