Sonnedix, an independent power producer active in the renewable energy industry, has signed a partnership agreement with GSSG Solar to develop 170 MW of solar PV assets in Japan.
Conducted via its Japanese operators Nippon Solar Services (NSS), Sonnedix has already begun the construction of 47 MW of capacity, with the remainder under development at various utility-scale sites throughout Japan.
GSSG is a solar investment company that has been active in Japan’s solar market for some years. The firm initiated work on this 170 MW portfolio in 2014, and in Sonnedix sees a partner that boasts a bulging PV portfolio of more than 1 GW worldwide.
“We are looking forward to working alongside the NSS team to deliver these projects and to generate clean renewable energy,” said GSSG Solar LLC CEO Tomakin Archambault. “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.”
Sonnedix CEO Andreas Mustad remarked that the partnership will serve as a “major expansion” of the company’s Japanese pipeline, and once fulfilled will bring Sonnedix’s total investment in the country to an impressive $1.3 billion.
Sonnedix has begun 2017 like a train, having already signed a purchase agreement for 136 MW of operational solar PV capacity in Spain – an acquisition that builds on last year’s €600 million-plus investment in solar assets in South Africa, France and the Caribbean.