Sonnedix Japan closes EUR 141M financing for 45MW Sonnedix Koriyama solar PV plant in Japan
25 November 2021
TOKYO, Japan – Sonnedix Japan, on behalf of Sonnedix, the global solar independent power producer (IPP), has achieved financial close for 45MW Sonnedix Koriyama solar PV plant, from a syndication with The Bank of Fukuoka as an arranger, and further 8 regional banks, for a total facility size over JPY 18.7Bn (EUR 141.4M).
The project was acquired by the IPP in early 2017, while it was under development stage, and it is currently under construction, expecting to achieve commercial operation in early 2024.
Axel Thiemann, CEO of Sonnedix, said: “transactions like these further demonstrate our long-term commitment, optimizing our solar PV assets throughout their entire life cycle, and establishing partnerships with local partners that share our purpose of harnessing the power of the sun to build a bright future”.
Sonnedix Japan KK (“Sonnedix Japan”) currently manages a total portfolio of over 590 MW, on behalf of Sonnedix, out of which more than 300MW are currently under construction or in various phases of 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 capacity of over 4.7GW, including a development pipeline of more than 2GW.
Sonnedix continues to expand its global footprint across OECD countries, with ~350 solar plants in operations, as well as several hundred MW under construction or various development stages 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 (www.sonnedix.com).
For more information, please visit www.sonnedix.jp