Sonnedix closes financing for 45-MW solar plant in Japan

Solar power plant. Source: Sonnedix Power Holdings Limited.

November 25 (Renewables Now) - The Japanese unit of independent solar power producer (IPP) Sonnedix Power Holdings Ltd has achieved financial close for a 45-MW solar power plant in Japan, it announced today.

Sonnedix Japan KK has secured the JPY-18.7-billion (USD 162.3m/EUR 144.8m) financing from The Bank of Fukuoka Ltd, as an arranger, and eight other regional banks.

The transaction concerns the Sonnedix Koriyama solar photovoltaic (PV) plant that was acquired in early 2017.

The plant is currently under construction and is expected to commence commercial operations in early 2024, Sonnedix pointed out in the press release.

At present, the Sonnedix subsidiary in Japan manages more than 590 MW of which over 300 MW of capacity is in various stages of construction and development.

(JPY 100 = USD 0.868/EUR 0.775)

More stories to explore
Share this story
About the author
Browse all articles from Lucas Morais

Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription