Sonnedix achieves financial close for 40 MW Soma solar PV project in Fukushima prefecture

Sonnedix Soma Solar (40 MW) PV Plant, located in Soma city, Fukushima prefecture, reached financial close. The JPY 17.5 billion (US$163.2 million) club financing was led by Sumitomo Mitsui Trust Bank, Limited (SMTB) and underwritten by SMTB, The Bank of Fukuoka, Toho Bank, The Bank of Yokohama, Fukushima Bank and Joyo Bank.

Daiwa House is the EPC contractor for the construction of this project, which is expected to be completed in early 2022. When operational, the solar plant is expected to generate over 48,000 MWh of clean electricity per year, equivalent to the amount consumed by approximately 16,000 households.