MILAN, Italy – Sonnedix, the global solar independent power producer (IPP) has reached 254 MW of operating capacity in Italy, with the acquisition of a solar PV plant from ICS S.r.l., a well-recognized and reputable solar assets origination player.

The ground-mounted solar plant, located in Sicily, is currently under the Italian Conto Energia (feed-in tariff) scheme. This 3 MW solar plant has been in operations since 2011.

"We began operations in Italy back in 2011 and have grown since to become a leading solar IPP in the country” - said Axel Thiemann, CEO of Sonnedix – “Through transactions like this, we continue growing sustainably, expanding the use of solar and helping build a bright future for our communities and the environment.”

"We are very proud about the last three years of several successful transactions with Sonnedix, it confirms our solid growth strategy and long-term commitment in the Italian market” stated Riccardo Cammalleri, ICS’s COO.

Sonnedix currently has over 2 GW of total controlled capacity across eight countries and are seeking opportunities to grow further through acquisitions and development of solar photovoltaic projects.

On these transactions, Sonnedix was advised by Orrick (Legal), and RSM Studio Palea Lauri Gerla (Financial and Tax).

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About Sonnedix

Sonnedix Power Holdings Limited (together with its subsidiaries, Sonnedix) is a global solar Independent 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, with a total controlled capacity of over 2 GW.

Sonnedix continues to expand its global footprint across OECD countries, with more than 300 solar plants in operations, as well as several hundred MW under development in Italy, France, Spain, USA/Puerto Rico, Chile, South Africa and Japan.

Contact: comms@sonnedix.com