MADRID, Spain – Sonnedix, the global independent solar power producer (IPP) has acquired a fully-operating portfolio under the Spanish regulatory regime, from Aurea Capital Partners and two Spanish Family Offices.
The 4.6 MW portfolio is comprised of 5 ground-mounted PV plants, operating since 2008- 2011, located in Zaragoza, Ciudad Real, Murcia, Andalucía, and Huesca.
“This agreement is testament to Sonnedix’s long-term commitment to the Spanish market and represents further expansion of our presence in the country. Despite the challenges of these times, we continue to actively seek opportunities to expand our platform in Spain, through development and acquisition, as part of our wider growth strategy” said Axel Thiemann, CEO of Sonnedix.
The acquisition demonstrates the variety of Sonnedix’s portfolio and brings its capacity in Spain to 256 MWp, positioning the company as a leading player in the country’s solar PV generation sector.
On this transaction, Sonnedix was advised by Watson Farley & Williams for tax and legal due diligence, G-Advisory for technical due diligence, and Deloitte for financial due diligence. Aurea Capital Partners and the two Spanish Family Offices were advised by Araoz & Rueda.
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, including over 1GW of photovoltaic power plants in operation, as well as several hundred MW under development, in Italy, France, Spain, USA/Puerto Rico, Chile, South Africa and Japan.
For more information, please visit www.sonnedix.com.