Global independent solar power producer Sonnedix Power Holdings Ltd has successfully closed a refinancing deal totaling approximately JPY 5.29 billion (USD 34.23 million/EUR 32.18 million) for 18 MW of solar capacity in Japan.
The financing, arranged through Sonnedix Japan unit, was secured from domestic lenders MUFG Bank Ltd and The Iyo Bank Ltd, as announced by the company today. This transaction encompasses eight of Sonnedix's local solar photovoltaic (PV) parks, marking a significant milestone as the company's inaugural portfolio financing venture in Japan.
Axel Thiemann, CEO of Sonnedix, expressed enthusiasm about the achievement, 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.”
Currently, Sonnedix's subsidiary in Japan oversees approximately 495 MW of operational PV plants, solidifying the company's position as a key player in the Japanese solar energy sector.
