MILAN, Italy – Sonnedix, the global independent solar power producer (IPP) has acquired a portfolio of 4 ground-mounted solar PV plants from ICS Srl, one of the main developers in Italy.

The 4 MW portfolio, located in Sicilly, is in commercial operations since 2010, under the Italian Conto Energia (feed-in tariff) scheme.

“These acquisitions contribute to Sonnedix’s growth in Italy and take us further towards our goal to build a bright future. The Italian team has overcome great challenges this year, focused on our long-term commitment to provide a reliable supply of clean electricity to our communities” - said Axel Thiemann, CEO of Sonnedix

“We are thrilled for this further successful transaction with Sonnedix Group and I would like to thank our team for their excellent origination skills," said Riccardo Cammalleri, COO of ICS.

The acquisition takes Sonnedix’s operating capacity in Italy to 249 MW consolidating its position within the top 5 solar IPP in the country, and leading player in its solar PV generation sector. Sonnedix continues expanding its footprint in Italy, through the acquisition, financing and development of solar photovoltaic projects.

On these transactions, Sonnedix was advised by Orrick (Legal), Duff & Phelps (Technical) as well as RSM Studio Palea Lauri Gerla (Financial and Tax).

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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, 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

Media contact: comms@sonnedix.com