Sonnedix Japan, on behalf of the Sonnedix Group, has completed a JPY 2.4 billion (€20 million) project funding led by Iyo Bank.
The funding includes two operating solar photovoltaic plants built in Shimane Prefecture earlier this year, totalling 5.5 MW. All are ground-mounted and have been in operation since 2018.
“We are very pleased to have reached this latest financial close in Japan, as we continue to grow our presence in this market. During the first half of 2020, our team at Sonnedix Japan has managed to drive business forward despite the challenges we are facing, and I am incredibly proud of seeing Sonnedix expand its platform in Japan, through acquisition and development, as part of our wider growth strategy.”Axel Thiemann, CEO of Sonnedix.