Sonnedix Adds 4.9 MW of Solar PV Operating Capacity to its Japan Portfolio

Source Company Press Release
Company Sonnedix Group
Tags Country: Japan, M&A: Asset Deal, Deals, Renewables: Renewables News, Segment: Power
Date November 20, 2019

Sonnedix Japan K.K. (Sonnedix Japan) has made two acquisitions on behalf of the Sonnedix group of companies (Sonnedix); a 2.4MW solar PV plant in Kyoto, and a 2.5MW solar PV plant in Saitama prefecture, in the Kanto region. Both plants began commercial operation earlier in 2019.

One of the leading players in the Japanese solar market, Sonnedix currently has a further six solar PV plants in construction, with a combined capacity of 236MW, managed by Sonnedix Japan, most of which are expected to start operations within the next 12 months.

Axel Thiemann, Sonnedix CEO, said:

“These acquisitions of operational solar PV plants in Japan highlight the maturing local secondary market. Whether we build or acquire a PV plant, we are committed to optimize each investment for the long-term, as we actively seek opportunities to expand our global footprint.”

With a total controlled capacity in Japan exceeding 500MW, Sonnedix has continued to expand throughout 2019. Sonnedix Japan also acquired two development projects on behalf of Sonnedix earlier in the year: a 13.7MW solar PV project in Hirono, Iwate prefecture, and a 26.5MW solar PV project in Yamadamachi, Iwate prefecture.

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