Sonnedix Japan to close EUR 141M financing for 45MW Sonnedix Koriyama solar PV plant in Japan

Sonnedix Japan, on behalf of Sonnedix, the global solar independent power producer (IPP), has achieved financial close on its 45MW Sonnedix Koriyama solar PV plant, from a syndication with The Bank of Fukuoka as an arranger, and a further eight regional banks, for a total facility size of over JPY 18.7Bn (EUR 141.4M).

The project was acquired by Sonnedix Japan in early 2017, while it was under development stage, and it is currently under construction, with the plant 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.

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