PARIS, France – Sonnedix, the global independent solar power producer (IPP) has acquired an operating Solar PV portfolio from Hanau Investissements.

The 8.3 MW portfolio is comprised of 3 ground-mounted PV plants, operating since 2016, located in the Southeast of France. It includes two projects connected to a private substation owned by Sonnedix in Les Mées.

“Our longstanding relationship with companies like Hanau Investissements allowed us to enter into a trustful partnership that led to this transaction.” Said Axel Thiemann, CEO of Sonnedix – “Thanks to agreements like this, we are capable to continue to grow sustainably to deliver on our long-term commitment to the French market”.

The acquisition brings the Sonnedix France portfolio to a capacity of 260 MWp, reinforcing the company’s position as the fifth largest solar IPP in the country, and a leading player in the solar PV generation sector.

On this transaction, Sonnedix was advised by Diligentia for financial and tax due diligence, Everoze for technical due diligence, and Fidal for legal due diligence.

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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