MADRID, Spain – Sonnedix, the global solar independent power producer (IPP), has completed the acquisition of an operating solar PV portfolio in Spain, from Kobus Partners.
The portfolio is comprised of 22 solar PV plants totalling 36.8MW, located in several regions around Spain. All plants are operating under the Spanish regulatory regime.
“We are very excited to see more sustainable growth in our Spanish platform” said Axel Thiemann, CEO of Sonnedix, “after yet another challenging year where our phenomenal team has been working relentlessly to continue harnessing the power of the sun to build a bright future! And this is just the beginning, as we continue growing our platform sustainably and playing a key role in the Spanish energy transition”.
Carlos Gacía-Monzón and Pablo Guinot, founding partners of Kobus, affirmed: “The sale of Kobus Renewable Energy II marks an important milestone for Kobus, as it demonstrates the execution of our fund’s 5-year-long strategic plan”.
Sonnedix currently has a total capacity of over 1GW in Spain, including around 415MW in operations, 65MW under construction, and a further development pipeline of over 700W.The solar IPP continues actively seeking opportunities to acquire development and operational projects in Spain, and across OECD countries.
Kobus Partners, created in 2016, has executed operations of over EUR 400M and currently has more than EUR 500M in assets, The renewable investment firm is setting up its third fund with EUR 150 million.
On this transaction, Sonnedix was advised by Watson Farley Williams on legal and tax due diligence and on the negotiations of the SPA and Vector Renewables on the technical due diligence. Kobus Partners was advised by Acron Beka as M&A advisor, Deloitte Legal on the legal and financial due diligence and negotiation of the SPA, Garrigues on the tax due diligence, Altermia on the technical due diligence and Aon on the insurance.
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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 capacity of over 5GW, including a development pipeline of more than 2GW.
Sonnedix continues to expand its global footprint across OECD countries, with +350 solar plants in operations, as well as several hundred MW under construction or various development stages in Italy, France, Spain, USA, Chile, South Africa and Japan.
contact: comms@sonnedix.com
About Kobus Partners
Kobus Partners is an investment fund management firm specialized in energy and infrastructure investments, formed by a team that brings together more than 1.2 billion euros of equity invested in more than 30 renewable generation projects in 10 different countries. Since its creation in 2016, Kobus Partners has led the execution of transactions worth more than 400 million euros, has more than 500 million euros of assets under management, and is raising their third fund of 150 million euros.