Sonnedix acquires Spanish solar farm

• The Fraile project lately went into commercial procedures

Sonnedix has actually acquired a solar PV plant located in Herencia, Ciudad Real from Impax Asset Management.

Fraile, a 36MWp plant, which lately accomplished its commercial procedure date, is expected to generate 78GWh of clean electrical energy during its first year of procedure.

This is the equivalent of powering over 23,000 homes, preventing the emission of virtually 12,000 tonnes of CO2 each year.

The plant is powered by Canadian Solar modules, PV Equipment trackers, and JEMA inverters. ELMYA was the designated EPC service provider and also will certainly additionally work as the Operations and Maintenance (O&M) for the first two years.

The sales process was handled by PWC. Impax was counselled by Gomez-Acebo & Pombo, and also Sonnedix was counselled by Ashurst.

This is the 4th acquisition by Sonnedix in Spain in 2022, where it presently manages 181 solar projects with an overall capacity up to 1GW, and also an overall functional capacity of almost 600MW.

" I am thrilled to see the growth of our impact in Spain, where we have actually been present given that our starting in 2009," claimed Axel Thiemann, CEO of Sonnedix. "Our team has done a phenomenal job towards interacting to optimize our portfolio as we evolve as key players in the Energy Transition in Europe."

Carsten Johansen, Head of the PE/Infrastructure Transaction Team at Impax, specified: "Impax is proud to be a well-known investor in the Spanish renewables market. We delight in to bring these 36MWp right into operation, and happy to be partnering again with Sonnedix."