MADRID, Spain – Sonnedix, the global solar independent power producer (IPP) has acquired a 15.7 MW solar PV portfolio in Spain, from Danish institutional investors.
The portfolio is comprised of a total of fifteen solar PV plants, twelve roof-top and three ground-mounted, located in Alicante, Barcelona, Castellón, Lérida, Madrid, Murcia, and Valencia. All plants are operational since 2008-2012 and under the Spanish regulatory regime.
Axel Thiemann, CEO of Sonnedix, said: “we continue expanding our presence in Spain, deeply committed to our social citizen role in these difficult times. We are proud to be able to contribute to the country’s energy transition and economic recovery, as we continue building a bright future for the next generations”.
The acquisition brings the Sonnedix Spanish portfolio to a total operational capacity of 354.9 MW, reinforcing the company’s position as the top solar IPP in the country, and a leading player in the solar PV generation sector.
On this transaction, Sonnedix was advised by Eversheds Sutherland LLP (legal and tax due diligence), EY (financial due diligence), and Everoze (technical due diligence).
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.