MILAN, Italy – Sonnedix, an independent solar power producer (IPP), has acquired a portfolio of 6 solar PV plants, with a combined capacity of 6 MW, from Fondo PPP (managed by Fondaco SGR, advised by Equiter).

The fixed tilt and biaxial solar plants are all located in the Apulia region. This latest acquisition increases Sonnedix’s operating capacity in Italy to 194 MW.

Axel Thiemann, CEO of Sonnedix, said “We are proud of our continued expansion in Italy and actively seek further opportunities to grow our operations across the country, as a long term developer, operator and owner. This reflects our wider growth strategy to expand our footprint in OECD markets.”

For this transaction, Sonnedix was advised by Legance (Legal), Netplan Italia (Technical) and RSM Studio Palea Lauri Gerla (Tax). The sellers were advised by Prothea (Financial), Herbert Smith Freehills (Legal) and REA (Technical).

/Ends.

For media enquiries, please contact comms@sonnedix.com.

About Sonnedix

Sonnedix Power Holdings Limited (together with its subsidiaries, “Sonnedix”) is an Independent Solar Power Producer (IPP) with a proven track record in delivering high performance cost competitive solar photovoltaic plants to the market. Sonnedix develops, builds, owns and operates solar power plants globally. For more information about Sonnedix, please visit https://sonnedix.com