Sonnedix Acquires 416MWp Solar in Chile

• Sonnedix acquires 416MWp solar PV portfolio in Chile from Enel Chile, producing green energy for over 530,000 homes and avoiding 460,000 metric tonnes of CO2 annually. Refinancing of Sonnedix's largest project in Chile funded by US$624m acquisition financing.

Sonnedix, a global solar independent power producer, has acquired a 416MWp solar photovoltaic (PV) portfolio in Chile from Enel Chile. The acquisition comprises of four operating PV plants, Diego de Almagro, Carrera Pinto, Pampa Solar and Domeyko; the addition of these projects brings Sonnedix’s total capacity in Chile to 2.5GW. The projects are located in the north of Chile and were operational since 2014, 2016, 2022 respectively. The transaction also includes the refinancing of Sonnedix’s largest operational utility scale project in Chile. This will enable Sonnedix to produce enough green electricity to power over 530,000 Chilean homes and avoid 460,000 metric tonnes of CO2 annually. The deal was funded by a US$624m acquisition financing facility with BNP Paribas, SMBC and Société Generale.

What Impact Has Sonnedix's Acquisition in Chile Had?

• The acquisition has enabled Sonnedix to increase its total capacity in Chile to 2.5GW, producing enough green electricity to power over 530,000 Chilean homes.
• The deal was funded by a US$624m acquisition finance facility, which has allowed Sonnedix to refinance its largest operational utility scale project in Chile.
• The projects are expected to avoid 460,000 metric tonnes of CO2 annually, contributing significantly to Chile's commitment to reduce its carbon emissions.
• The acquisition has provided a major boost to Chile's renewable energy sector, as the projects are expected to generate over 1,500 jobs during their construction and operations.
• The acquisition represents a major milestone in Sonnedix's expansion strategy in the Latin American region, as this is the company's largest solar project to date.