Independent Solar Power Producer (IPP)
Sonnedix, through its Japanese operator Nippon Solar Services (NSS), has
partnered with GSSG Solar (GSSG) to deploy a 170 MW portfolio of solar
photovoltaic (PV) plants, with 47 MW under construction, and the rest
currently under development.
The announcement comes at a period of sustained
growth for Sonnedix, taking its global reach well beyond 1 GW, with
almost 500 MW operating and more than 500 MW under development and
construction, the company notes.
Sonnedix is majority owned by institutional investors advised by J.P. Morgan Asset Management.
The expansion continues to build on NSS’s position
as one of the leading players in the Japanese solar market, with a
strong local team and a significant portfolio of utility scale solar
photovoltaic projects under development, construction or in operation.
GSSG is a solar investor with significant experience
navigating complex solar project financings across multiple
jurisdictions. GSSG was an early-mover in the Japanese market and
initiated work on this portfolio in early 2014.
GSSG and NSS have established a joint development
framework to finalize the development and construction of these
facilities for Sonnedix, while maintaining their obligations to the
local project partners in and around each project site. The two
companies have discussed continued collaboration in Japan and other
geographies including the U.S.
“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 USD 1.3 billion,” comments Andreas Mustad, CEO
of Sonnedix.
source: http://www.solarserver.com
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