Sonnedix closes project financing for 14 MW solar PV plant in Yamaguchi

Sonnedix Japan, on behalf of the Sonnedix Group of companies (Sonnedix Group), has completed a JPY5.45 billion (US$50.1 million) project financing with the Bank of Fukuoka. 

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

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.