Sonnedix completes 100MW Spain solar swoop

• IPP includes 2 50MW projects to existing 700MW development portfolio

Independent power manufacturer Sonnedix has completed the procurement of a 100MW functional solar portfolio in Spain from ACS Servicios Comunicaciones y Energía.

The solar PV portfolio is included 2 50MW ground-mounted solar PV plants, located in Castilla la Mancha as well as Cáceres, which have been in operation because December 2019 as well as November 2021 respectively.

The solar plant in Castilla la Mancha was granted in the 2017 Spanish auction, while the solar plant in Cáceres will sell energy out there.

On this purchase, Sonnedix was advised by Pérez-Llorca on the lawful due diligence as well as SPA arrangement and PI Berlin on the technological due diligence and ACS was suggested by Societe Generale as M&An advisor as well as Ashurst as legal advisor and SPA settlement.

" We conclude another year of success and also lasting growth with this purchase of 100MW to contribute to our portfolio in Spain, where we've been present because we began in 2009, and where we presently have more than 700MW under development," said Axel Thiemann, Chief Executive Officer of Sonnedix.

" I am extremely pleased with the work our One Team has actually done to continue broadening making use of solar in the country, and also throughout various other OECD nations where we operate. Beyond that, I am delighted to continue growing our system and, keeping that, proceed pressing the Power Shift onward."

Sonnedix stated it presently has a total ability of over 5GW throughout eight nations, with a development pipeline of more than 2GW.