Sonnedix & Cox Energy America reach financial close for 160 MWp PV project in Chile

Sonnedix Power Holdings Ltd has closed financing for a 160-MWp solar project in Chile, alongside its joint-venture partner Cox Energy America SAB de CV. The solar energy companies secured $120 million from Sumitomo Mitsui Bank Corporation (SMBC) to fund the development of the Sonnedix Meseta de Los Andes solar PV project. The transaction was closed via their joint venture Sonnedix Cox Energy Chile, in which Sonnedix holds 70%, while its partner owns the remaining 30%. Once the plant starts operation, it will be capable of producing over 385 GWh of power per year.

Source: Renewables Now