Linklaters advises Sonnedix on the 41.6MW Sano solar PV project
Global law firm Linklaters advised Sonnedix Japan K.K. (Sonnedix) in connection with the ¥16.5 billion project financing of a greenfield 41.6MW solar photovoltaic plant located near Sano, Tochigi Prefecture, Japan.
Sonnedix, one of the leading players in the Japanese solar market, currently has more than 160MW of capacity in construction managed by Sonnedix Japan. The 41.6MW Sano plant, will become the group’s third largest in country when operational and marks further progress towards over 400MW of capacity expected to be delivered into operation over the next few years.
The Linklaters team was led by Tokyo Projects partners John Maxwell and Hirofumi Taba, supported by construction expert Kevin Crombie based in Singapore, and Tokyo based associates Daniel Senger and Paul Grethe.
Tokyo Projects partner Hirofumi Taba, commenting on the deal, said: “This transaction is the second solar project financing that we have closed in Japan in the last 12 months. We are delighted to have supported Sonnedix on this important transaction as well as contributing to the development of the Project and the wider solar industry in Japan.”
Tokyo Managing Partner John Maxwell, commented: “This is an exciting transaction in the renewables sector in Japan, it is a reflection of our expertise in green energy but more importantly part of a continuous trend we are seeing across Japan in major renewable energy investment. We look forward to continuing to support clients in this sector and remain at the leading edge of the renewables market.”
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