Sonnedix partners GSSG for 170MW Japan solar portfolio

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
At present, 47MW of the portfolio are under construction with the rest under development. Credit: Sonnedix

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.

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.”

Read Next

PV Tech Premium
May 10, 2021
Andy Colthorpe takes a look at what’s happening and what’s expected to happen in the Japanese large-scale PV market, with data and analysis courtesy of RTS Corporation and interviews with Vena Energy Japan, Sonnedix Japan and Baywa Japan.
May 7, 2021
German agriculture group BayWa has said its renewables business saw an “unusually strong” start to the year, driven by high demand for solar modules and the sale of a PV plant in Japan.
PV Tech Premium
March 31, 2021
As the solar industry continues to mature and adopt more merchant-led business models, how will asset management principles need to adapt? This exclusive recording of a panel discussion from our Solar Finance & Investment Europe event answered that very question.
March 30, 2021
A round-up of project updates from across the global solar industry, including updates from Israel's Shikun & Binui, independent power producer Sonnedix and UK-based Hive Energy.
February 17, 2021
Canadian Solar has raised JPY22 billion (US$208 million) for its Japan Green Infrastructure Fund (JGIF), which will develop and accumulate solar projects in the Asian country.
February 2, 2021
A brief round-up of project updates from around the world, including news from Asian C&I specialist Cleantech Solar, solar operator Sonnedix and renewables giant BayWa r.e.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021
Solar Media Events
August 24, 2021
Solar Media Events, Upcoming Webinars
October 6, 2021