The financing was drawn from a syndication with The Bank of Fukuoka as an arranger, and a further eight regional banks, for a total facility size of JPY 18.7 billion (141.4 million euros).
The project was acquired by Sonnedix Japan in early 2017, while it was under development stage, and is currently under construction, with the plant expecting to achieve commercial operation in early 2024.
“Transactions like these further demonstrate our long-term commitment, optimising 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” said Axel Thiemann, CEO of Sonnedix.
Sonnedix Japan currently manages a total portfolio of over 590 MW, on behalf of Sonnedix, out of which more than 300 MW are currently under construction or in various phases of development.
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