Sonnedix, a solar-power producer owned by institutional investors advised by JP Morgan Asset Management, has added 4.9MW of solar capacity to its Japan portfolio.
The company’s Japan arm has acquired a 2.4MW solar photovoltaics (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.
Sonnedix currently has a further six solar PV plants under construction, with a combined capacity of 236MW, 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 optimise 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.