Financial close on 16.5 billion Yen non-recourse financing with Sumitomo Mitsui Banking Corporation (SMBC) for the project marks further progress towards over 400 MW of capacity expected to be delivered into operation over the next few years.
Sonnedix occupies a leading position in the Japanese solar market and currently has more than 160 MW of capacity in construction.
“The scale with which we are growing our global platform is exemplified by the pace of progress in Japan” said Andreas Mustad, CEO of Sonnedix. “Whether we build or acquire a PV plant, we are committed to optimise each investment for the long-term.”
The EPC contractor, juwi Shizen Energy Inc, has begun construction of the Sano solar plant, which is expected to start operation in late 2020. When completed, the solar plant will generate approximately 45,000 MWh of clean electricity per annum, equivalent to the amount consumed by approximately 15,000 households and will avoid the emission of circa 30,000 tons of carbon dioxide per year compared to conventional power generation.
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