Tokyo, Japan –Sonnedix Japan, on behalf of the Sonnedix Group of companies (Sonnedix Group), has completed a JPY 5.45bn project financing with the Bank of Fukuoka.

The financing covers a 14MW solar PV plant acquired in October 2020 from global PV developer X-Elio. The plant is located in the Yamaguchi prefecture, and has been in commercial operation since June 2020.

“This financial close is testament to our commitment to the optimisation of our assets and to the Japanese market, where we experienced tremendous growth last year “ said Axel Thiemann, CEO of Sonnedix. “Despite the challenges of a global pandemic, our team added 232 MW of operational capacity to our Japanese portfolio through the completion of four projects and the acquisition of another five fully-operative solar PV plants.”

Sonnedix Japan KK (“Sonnedix Japan”) currently manages 288 MW of operational solar PV capacity on behalf of Sonnedix, with a further 304 MW in various stages of construction and development.

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About Sonnedix

Sonnedix Power Holdings Limited (together with its subsidiaries, Sonnedix) is a global solar Independent Power Producer (IPP) with a proven track record in delivering high performance cost competitive solar photovoltaic plants to the market. Sonnedix develops, builds, owns and operates solar power plants globally, with a total controlled capacity of over 2 GW.Sonnedix continues to expand its global footprint across OECD countries, with more than 300 solar plants in operations, as well as several hundred MW under development in Italy, France, Spain, USA/Puerto Rico, Chile, South Africa and Japan.

For more information, please visit www.sonnedix.com

Press contact: comms@sonnedix.com

About Sonnedix Japan

Sonnedix Japan is a developer, asset manager, and operator of mega-solar projects in Japan, and the Japanese operator for investments made by Sonnedix (https://sonnedix.com).

For more information, please visit www.sonnedix.jp