Sonnedix gets IPP with 290-MW wind and solar portfolio in Chile

• Global independent power manufacturer (IPP) Sonnedix Power Holdings Ltd said on Wednesday that it has actually settled the acquisition of Chile-based peer Arco, a platform with 290 MW wind and solar projects in the country.

Sonnedix purchased business from Arroyo, an independent financial investment manager targeting power and also power infrastructure assets in the Americas, for an undisclosed price. According to Arroyo, Arco has 215 MW of utility-scale renewable power generation assets and also 75 MW of distributed generation.

The bargain will certainly make it possible for Sonnedix, mainly a solar IPP, to move into the wind power space. With 290 MW from Arco, the company now has more than 1 GW of overall capacity in Chile, it stated.

"Sonnedix has actually been getting ready for the next phase of the power shift-- providing green, inexpensive electricity targeted at our consumers' demands-- this acquisition allows us to start to hybridize our generation profile, and is the initial step in our trip to become a real customer-oriented, risk-balanced, renewable energy remedies carrier," commented Axel Thiemann, CEO of Sonnedix.