Santiago, Chile – Sonnedix, the global independent solar power producer (IPP) has completed the acquisition of 4 ground-mounted solar PV plants in Chile, from Building Energy Andes Spa.

The acquisition includes 19 MW of operational – since 2018 - solar PV plants, under the PMGD (small distributed generation projects) regime in Chile, and subject to the Stabilized Price Regime. A further 21MW will be added once the assets reach commercial operation in the coming months.

“Transactions like this show the variety of Sonnedix’s portfolio and our position as a strong player in Chile’s renewables sector” - said Axel Thiemann, CEO of Sonnedix – “We continue to expand our presence in the country, looking for long-term partnerships and opportunities that allows us to become a true social citizen, as we continue to build a bright future”.

Sonnedix continues actively seeking opportunities to expand its global portfolio through acquisitions and development of solar photovoltaic projects across OECD countries.

This M&A transaction was managed and executed by NatPower, who will also coordinate the construction and sale of the RtB pipeline. Sonnedix was advised by Morales & Besa (Legal), DNVL (Technical) as well as ADVAL (Financial and Tax) while Building Energy Andes Spa was advised by Prothea (Financial).

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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