Sonnedix, Cox Energy obtain US$120mn financing for 160 MW Meseta de Los Andes solar PV project in Valparaíso

Sonnedix and Cox Energy América have closed a financing of US$120 million from Sumitomo Mitsui Bank Corporation (SMBC) through the joint venture Sonnedix Cox Energy Chile, on which Sonnedix holds a 70% while Cox Energy América has the remaining 30%.

The financing will cover the IPP’s 160 MWp development project Sonnedix Meseta de Los Andes solar PV plant, in Chile.

This project, located in the Valparaíso Region of Chile, in the municipalities of Calle Larga and Los Andes, will generate over 385 GWh of clean electricity per year, avoiding around 160,000 tons of CO2 and powering 186,000 homes.