Sonnedix nabs financing for 36-MW Japanese solar plant

Sonnedix Japan K.K. has reached financial close on a JPY14.2 billion (US$130 million) project financing with Sumitomo Mitsui Trust Bank, Limited (SMTB) for the 36.4 MW Kurayoshi solar photovoltaic plant.

The 36.4 MW Kurayoshi solar PV plant is located in the Tottori Prefecture. The ‘Notice to Proceed’ was issued to the EPC contractor, Maetel Construction Japan, in November 2018, during the Ministry of Economy, Trade and Industry (METI) feed-in-tariff reduction proposal consultation.

Sonnedix Japan currently manages almost 250 MW of solar PV capacity in operation or construction on behalf of the Sonnedix group of companies (Sonnedix), which expects to exceed 500 MW of solar PV operational capacity in the next few years in Japan. The Kurayoshi solar PV plant, Sonnedix’s third ‘mega-plant’ to enter construction in the last 12 months, is expected to start operation in mid-2020.

The Kurayoshi solar PV plant will use over 100,000 Hanwha 345 Wp modules and 13 TMEIC central inverters. When completed, the plant will generate approximately 42,000 MWh of clean electricity per annum, equivalent to the amount consumed by approximately 12,000 households.