Sonnedix Japan has achieved a significant milestone in its renewable energy endeavors by securing portfolio financing for a cluster of solar photovoltaic (PV) plants spread across Japan. This marks the company's inaugural portfolio financing venture in Japan, signaling a pivotal step towards enhancing operational efficiency and optimizing the management of its solar assets in the country.
The financing, totaling JPY5,295 million (approximately €33 million), has been facilitated through a collaboration between MUFG Bank and The Iyo Bank, underlining a joint commitment to advancing sustainable energy initiatives in Japan.
With a combined capacity of 18 megawatts (MW), the portfolio comprises eight high-voltage projects strategically positioned to harness Japan's abundant solar resources. Sonnedix Japan views this refinancing initiative as instrumental in responsibly maximizing the efficiency of its renewable power assets, ensuring their sustainability and longevity across the country.
Axel Thiemann, Chief Executive Officer of Sonnedix, expressed enthusiasm for the company's foray into portfolio financing in Japan, stating, “This refinancing, our first portfolio financing in the Japanese market, is a fantastic demonstration of how Sonnedix continues to deliver on optimizing our operations and assets across the globe.”
Thiemann reiterated Sonnedix's unwavering commitment to the Japanese renewable energy market, emphasizing the company's dedication to fostering partnerships and providing clean, affordable, and reliable energy sources to support decarbonization efforts.
Sonnedix Japan currently oversees the operation of 25 PV projects across the country, boasting a cumulative controlled capacity of approximately 495 MW. The successful refinancing underscores Sonnedix's position as a trusted player in the Japanese renewable energy landscape, poised to further solidify its footprint and contribute to the nation's sustainable energy transition.
