The project is worth ¥16.5 billion.
Sonnedix Japan is set to begin the construction of a 41.6MW solar photovoltaic plant located near Sano, Tochigi Prefecture, Japan.
The 41.6MW Sano plant will become the group’s third largest in country when it becomes operational, which is projected to happen in 2020. Sonnedix currently has more than 160MW of capacity in construction.
When completed, the solar plant will generate approximately 45,000 MWh of clean electricity per annum, equivalent to the amount consumed by approximately 15,000 households and will avoid the emission of circa 30,000 tons of carbon dioxide per year compared to conventional power generation.
“This is an exciting transaction in the renewables sector in Japan, it is a reflection of our expertise in green energy but more importantly part of a continuous trend we are seeing across Japan in major renewable energy investment, said John Maxwell, managing partner at law firm Linklaters, which helped advise Sonnedix on the deal.
The ¥16.5 billion project will be funded by Sumitomo Mitsui Banking Corporation (SMBC).
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