International PV developer Sonnedix, via its Japanese operator Nippon Solar Services (NSS), has partnered with solar investor firm GSSG Solar to develop 170MW of PV plants in Japan.
At present, 47MW are under construction, with the rest under development. GSSG and NSS have already established a joint development framework to complete these projects and they are in discussions over potentially collaborating in other geographies such as the US.
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Sonnedix, which is majority owned by institutional investors advised by J.P. Morgan Asset Management, now has a portfolio surpassing 1GW worldwide, of which nearly 500MW is operational.
Andreas Mustad, CEO of Sonnedix, said: “The announcement of a major expansion of our pipeline projects in Japan demonstrates our long-term commitment to the Japanese market, which once fully built, will bring the total investment in the country to over US$1.3 billion. We are pleased to have formed a strategic alliance with an experienced industry player like GSSG and look forward to continued cooperation across jurisdictions.”
Tomakin Archambault, CEO of GSSG Solar, said: “The proceeds from the transaction will allow us to further enhance our footprint in Japan, and we remain committed to investing in more solar PV projects in the country.”