Sonnedix closes funding for 45-MW solar plant in Japan

• The Japanese unit of independent solar power manufacturer (IPP) Sonnedix Power Holdings Ltd has actually accomplished financial close for a 45-MW solar power plant in Japan, it announced today.

Sonnedix Japan KK has protected the JPY-18.7-billion (USD 162.3 m/EUR 144.8 m) financing from The Bank of Fukuoka Ltd, as an arranger, and also 8 various other regional banks.

The purchase worries the Sonnedix Koriyama solar photovoltaic (PV) plant that was gotten in early 2017.

The plant is currently incomplete and is expected to commence industrial operations in early 2024, Sonnedix mentioned in journalism release.

Presently, the Sonnedix subsidiary in Japan handles greater than 590 MW of which over 300 MW of capacity remains in various phases of building as well as advancement.