J.P. Morgan and Sonnedix form #solar joint venture
J.P. Morgan Asset Management and France-based independent power producer Sonnedix have created a new 50/50 joint venture platform company, Sonnedix Power Holdings Ltd., to pursue opportunities in the global solar market. The joint venture currently operates 17 power plants with 117 MW of installed capacity across France, Italy, Spain, Thailand and Puerto Rico. It also has a portfolio of 18 projects representing over 600 MW of projects in pre-construction stages in Japan, Puerto Rico, Chile, the U.K. and South Africa. The joint venture anticipates a total commitment for the operating and development projects of more than EUR 300 million.