Sonnedix buys 37MW Spanish solar portfolio

• The 22 projects are functional and also were bought from Kobus Partners for an unrevealed price

Sonnedix has completed the purchase of an operating solar portfolio in Spain with complete ability of practically 37MW from Kobus Partners for a concealed rate.

The portfolio is consisted of 22 plants completing 36.8 MW, situated in several regions around Spain.

All the projects are operating under the Spanish regulatory routine.

Sonnedix chief executive Axel Thiemann stated: "We are very thrilled to see more sustainable growth in our Spanish platform.

" After yet another difficult year where our sensational group has been working relentlessly to proceed utilizing the power of the sun to build an intense future.

" And also this is simply the start, as we proceed growing our platform sustainably and playing a vital role in the Spanish energy transition."

Kobus starting companions Carlos Gacia-Monzon and also Pablo Guinot stated: "The sale of Kobus Renewable Energy II marks an important landmark for Kobus, as it demonstrates the implementation of our fund's five-year-long strategic plan".

Sonnedix was recommended by Watson Farley Williams on legal and tax obligation due diligence as well as on the arrangements of the SPA and by Vector Renewables on the technological due persistance.

Kobus Partners was recommended by Acron Beka on mergers as well as procurements, Deloitte on lawful aspects as well as settlement of the SPA, Garrigues on tax obligation due diligence, Altermia on the technical due persistance as well as Aon on the insurance policy.