Sonnedix, Cox Energy America get to fin close for 160-MWp PV project in Chile

• Solar-focused independent power manufacturer (IPP) Sonnedix Power Holdings Ltd on Thursday claimed that it has actually shut funding for a 160-MWp solar project in Chile, alongside its joint-venture partner Cox Energy America SAB de CV (BMV: COXA).

The solar energy companies protected USD 120 million (EUR 98.5 m) from Sumitomo Mitsui Bank Corporation (SMBC) to money the growth of the Sonnedix Meseta de Los Andes solar PV project. The transaction was shut using their joint venture Sonnedix Cox Energy Chile, in which Sonnedix holds 70%, while its Mexico City-based partner possesses the continuing to be 30%.

Sonnedix Meseta de Los Andes will certainly be the second-largest solar farm in the IPP's portfolio to day. Its biggest plant, the 170-MW Sonnedix Atacama Solar, is likewise in Chile and came online early in 2021.

The new project is sited in Chile's Valparaiso region. When the plant starts operation, it will certainly be capable of creating over 385 GWh of power annually, Sonnedix claimed.