LONDON, UK – Sonnedix, the international Renewable Energy Producer, has closed a set of Sustainability-Linked corporate facilities – inaugural Sustainability-Linked financing facilities secured by the company – which will refinance existing debt and enable further expansion of the company’s global renewable energy platform.
The financing package has been provided by a group of commercial lenders and institutional investors acting as mandated lead arrangers: Infranity, Santander, ING, Denham Sustainable Infrastructure, NAB, Rabobank, Siemens Financial Services through Siemens Bank, and Société Générale. Rabobank, ING and Santander acted as Hedging Banks. Santander acted as Debt Coordinator and Agent, whilst Bondholders acted as Security Agent. The Sustainability-Linked financing facilities will also enter into Sustainability-Linked interest rate hedging in connection with the transaction. Natixis acted as Sustainability-Linked Loan Coordinator, and ING as Sustainability-Linked Hedging Coordinator.
In line with its Sustainability Strategy, the cost of the financing will be indexed to the company’s achievement of three environmental and social objectives with a premium/discount mechanism.
“This transaction is testament to our strong commitment towards growing our business sustainably, expanding the use of renewable energy and pushing the energy transition forward, with the long-term focus that characterises us“ said Axel Thiemann, CEO of Sonnedix “This is what sets Sonnedix apart within the sector, allowing us to be a partner of choice, an ESG referent in the industry, and more importantly, a responsible and trustworthy partner and neighbour in our communities.“
With over 9.5GW of total capacity - including more than 6.6GW of development pipeline - across ten countries, Sonnedix continues actively seeking further growth opportunities through the development and acquisition of renewable energy projects in OECD markets.
On this transaction, Sonnedix was advised by Watson Farley & Williams (legal), Riverside Risk Advisors (hedging), and Gridlines (financial model). The lenders were advised by Ashurst (legal) and KPMG (model audit).
Sonnedix is an international Renewable Energy Producer with over a decade-long trajectory of sustainable growth. Sonnedix develops, builds, and operates renewable energy projects for the long-term, with a focus on providing green, affordable electricity to our customers, and acting as a true social citizen there where it operates.
Sonnedix currently has a total capacity of over 9.5GW, including a development pipeline of more than 6.6GW, across Chile, France, Germany, Italy, Japan, Poland, Portugal, Spain, USA, and UK. The company continues to expand its global footprint across OECD countries, through acquisitions and development of renewable energy projects.