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Sonnedix Secures €2 Billion for European Renewable Expansion
Sonnedix, a renewable energy company, has secured EUR 2 billion in refinancing for its European projects to enhance financial flexibility and expand its multi-technology portfolio. The company completed a EUR 595 million refinancing with CaixaBank in June for 154 MW in its Spanish portfolio. Additionally, Sonnedix closed a EUR 1.37 billion deal to refinance 1,040 MW of solar PV assets across France, Italy, Poland, Spain, and Portugal. These transactions consolidate 12 separate project financings into two, creating a scalable debt platform with the support of 10 lending partners.CFO Miguel García Mascunan stated that the refinancings aim to optimize capital structure, lower costs, and reduce risk, following a similar structure to a previous EUR 3.25 billion refinancing in December 2024. Sonnedix is involved in developing, constructing, and operating solar and wind power and energy storage plants, with a total capacity exceeding 12 GW, including a development pipeline of nearly 7 GW across multiple countries, including Chile, France, Germany, Italy, Japan, Poland, Portugal, Spain, the US, and the UK.
How will Sonnedix's EUR 2 billion refinancing impact its European renewable energy projects?
Enhanced financial flexibility will allow Sonnedix to allocate resources more efficiently across its European projects, potentially accelerating development timelines.
The refinancing will lower the cost of capital, enabling Sonnedix to invest in additional renewable energy projects or expand existing ones.
By consolidating multiple project financings, Sonnedix can streamline operations and reduce administrative burdens, leading to more efficient project management.
The scalable debt platform created through these refinancings will support future growth and expansion in the European renewable energy market.
The involvement of 10 lending partners indicates strong financial backing and confidence in Sonnedix's business model and project pipeline.
The refinancing aligns with Sonnedix's strategy to optimize its capital structure, which may lead to improved financial performance and stability.
The refinancing could facilitate the integration of new technologies and innovations in Sonnedix's projects, enhancing their efficiency and output.
With a focus on reducing risk, Sonnedix can better navigate market fluctuations and regulatory changes, ensuring long-term project viability.
The refinancing supports Sonnedix's goal of expanding its multi-technology portfolio, potentially including more diverse renewable energy sources like wind and energy storage.
The financial restructuring may position Sonnedix as a more competitive player in the European renewable energy sector, attracting further investment and partnerships.
Jul 24, 2025 // Markets & Finance News, Spain, Portugal, France, Italy, Poland, Sonnedix, Europe
Sonnedix completes 100MW Spain solar swoop
power manufacturer Sonnedix has completed the procurement of a 100MW functional solar portfolio in Spain from ACS Servicios Comunicaciones y
Jan 4, 2022 // Plants, Large-Scale, Commercial, Markets & Finance News, Spain, Sonnedix, Axel Thiemann, Europe
Sonnedix inks Spanish solar PPA
Sonnedix has authorized a solar energy purchase agreement (PPA) with Sidenor Aceros Especiales, a producer of lengthy steel items.
The 12-year PPA, guaranteed by the Spanish Export Credit Agency (Cesce), covers output from the 36MW Fraile solar farm in Herencia, in Ciudad Real.
This is the very first energy purchase agreement authorized with the support of the Spanish Reserve Fund for Guarantees of Electro-intensive Entities (FERGEI), carried out by the Ministry of Industry, Commerce and also Tourism in partnership with Cesce.
Alongside the PPA, Sonnedix financed the solar plant with Bankinter e ICO, which served as rate of interest bush entity and also Bondholders as agent entity. On this procedure, Bankinter Investment has actually suggested Bankinter.
Carlos Guinand, Executive Chairman of Sonnedix, said: "We are very proud to have actually accomplished such a special agreement; it is not only our first business PPA in Spain, but also the very first purchase agreement of an electro-intensive plant through a State-backed guarantee, which indicates a more step absorbed regards to supporting and promoting the use of renewable resource in the nation.
" It indicates we are proactively joining this change, fulfilling our role as a key agent in the Spanish power change.
" As well as we certainly wish to replicate this very same structure with other electro-intensive customers in the nation."
Apr 26, 2023 // Markets & Finance News, Spain, PPA, Sonnedix, Europe
Sonnedix's Solar Success: 18 MW Refinancing in Japan
Sonnedix Power Holdings Ltd has closed a JPY-5.29-billion refinancing deal for 18 MW of solar capacity in Japan. The financing was arranged through Sonnedix Japan unit from domestic lenders MUFG Bank Ltd and The Iyo Bank Ltd. This marks the company's first portfolio financing in Japan and includes eight local solar PV parks.CEO Axel Thiemann stated that this refinancing demonstrates Sonnedix's commitment to optimizing operations and assets globally. The Sonnedix subsidiary in Japan currently manages 495 MW of operational PV plants. This move highlights the company's continued growth and investment in the Japanese solar market.
What is Sonnedix Power Holdings Ltd's latest achievement in Japan's solar industry?
Sonnedix Power Holdings Ltd has closed a JPY-5.29-billion refinancing deal for 18 MW of solar capacity in Japan.
The financing was arranged through Sonnedix Japan unit from domestic lenders MUFG Bank Ltd and The Iyo Bank Ltd.
This marks the company's first portfolio financing in Japan and includes eight local solar PV parks.
CEO Axel Thiemann stated that this refinancing demonstrates Sonnedix's commitment to optimizing operations and assets globally.
The Sonnedix subsidiary in Japan currently manages 495 MW of operational PV plants.
This move highlights the company's continued growth and investment in the Japanese solar market.
Apr 19, 2024 // Plants, Large-Scale, Commercial, Markets & Finance News, Japan, Sonnedix, Asia
Sonnedix buys 2.3-MW solar park in Japan
with Chubu Electric Power Co Inc (TYO:9502) under the feed-in-tariff plan, Sonnedix stated.
Following the most up to date purchase, Sonnedix Japan KK has
Aug 31, 2020 // Plants, Large-Scale, Commercial, Markets & Finance News, Japan, Sonnedix, Axel Thiemann, pv power plants, Asia
Sonnedix Adds 60.9MW Solar, Charging Batteries
Sonnedix said it has started operating two co-located solar-plus-storage projects totaling 60.9 MW: one in Italy and one in Portugal. The developer commissioned the parks as an initial “Phase 1” milestone, with solar generating capacity brought online first.Both sites are planned to add battery storage to firm output, shift production from midday toward evening demand, and reduce curtailment risk. Co-located batteries are also expected to enable additional revenue through grid services and help protect power capture economics as solar penetration rises in Italy and the Iberian market. For Sonnedix, more operating MW will expand performance data and improve portfolio benchmarking and O&M scaling.
What do Sonnedix’s new co-located Italy and Portugal solar-plus-storage phases add?
Adds grid-interactive operating assets in two markets (Italy and Portugal), improving Sonnedix’s ability to benchmark how co-located batteries behave under local dispatch rules, tariff structures, and grid constraints.
Demonstrates a “solar-first, then storage” commissioning approach as a repeatable Phase 1 model, de-risking later build-out steps and smoothing the path for subsequent capacity additions.
Increases firming capability: storage can reduce variability by maintaining output during evening peaks, helping capture higher-value hours and lowering reliance on midday generation alone.
Reduces curtailment risk by enabling operators to absorb excess solar generation when grids are constrained, improving solar utilization rates and overall energy yield.
Enables participation in more revenue “stacking” opportunities tied to flexibility—such as frequency and reserve-related services—by providing dispatchable power rather than only energy.
Strengthens long-term power-capture economics as solar penetration rises, because batteries help manage ramping and forecast deviations that often drive penalties or dispatch limitations.
Improves operational learning for battery performance in different climates and grid conditions, supporting better engineering decisions for thermal management, degradation monitoring, and maintenance planning.
Expands the data pool used for portfolio analytics (availability, round-trip efficiency, state-of-charge management, and degradation), which can lower uncertainty for future financing and underwriting.
Supports O&M scale benefits: having multiple operating co-located sites accelerates standardization of monitoring, spare strategies, and contractor workflows across regions.
Signals a more strategic position for Sonnedix as an energy operator, not just a developer—strengthening credibility with offtakers, grid operators, and capital providers for further hybrid projects.
May 25, 2026 // Plants, Portugal, Italy, Sonnedix, Europe
Sonnedix and Amundi companion to purchase European solar properties
partnership between Sonnedix as well as Amundi Energies Vertes (AEV) will consist of an initial EUR50 million (US$ 59.5 million) investment in the European PV
Nov 23, 2020 // Markets & Finance News, IPP, Sonnedix, Europe, amundi, Carlos Guinand
Sonnedix closes funding for 45-MW solar plant in Japan
Sonnedix Japan KK has protected the JPY-18.7-billion (USD 162.3 m/EUR 144.8 m) financing from The Bank of Fukuoka Ltd, as an arranger, and also 8 various other regional banks.
The purchase worries the Sonnedix Koriyama solar photovoltaic (PV) plant that was gotten in early 2017.
The plant is currently incomplete and is expected to commence industrial operations in early 2024, Sonnedix mentioned in journalism release.
Presently, the Sonnedix subsidiary in Japan handles greater than 590 MW of which over 300 MW of capacity remains in various phases of building as well as advancement.
Nov 25, 2021 // Plants, Large-Scale, Commercial, Markets & Finance News, Japan, Sonnedix, Asia, solar plant
Sonnedix buys 300MW UK solar from Lightsource bp
Sonnedix has gotten a 300MW solar portfolio making up 5 UK projects from Lightsource bp.
The assets are expected to become operational in 2024 and will enable Sonnedix to "significantly scale up" it existence in the UK market, acting as a hub to sustain its global as well as European existence.
Through the procurement, the developer's UK project capacity will reach around 500MW as well as there are plans to further rise this operational visibility in the nation, it claimed.
It contributes to a 5GW worldwide growth pipe overseen by Sonnedix across Chile, France, Germany, Italy, Japan, Poland, Spain, the US and UK.
Sonnedix president Axel Thiemann stated: "Similar to us, Lightsource bp shares the exact same values and also commitment to building a brighter future by providing sustainable renewable remedies for the communities we influence.
" This will assist us deepen our connections as partners, and better expand our footprint in the neighborhood market where we have been present for time to push the energy shift forward."
Lightsource bp EMEA and also APAC chief Kareen Boutonnat included: "Solar projects, are crucial for a protected, low-cost and also lower carbon energy system.
" Among our key toughness at Lightsource bp is as an enabler of the energy change by deploying our solar growth experience and capability to sustain growing portfolios of renewables across the globe.
" The sale of these assets to Sonnedix demonstrates our strong credentials as a relied on development partner, and purchases such as this will certainly catalyse the fast deployment of renewables as services work in partnership to produce a much more sustainable energy future."
Dec 2, 2022 // Plants, Large-Scale, Commercial, UK, Sonnedix, Lightsource BP, Europe, Kareen Boutonnat
Sonnedix buys 118-MW of solar projects in Italy
Italian portfolio contains two solar projects-- the 69.5-MW Sonnedix Cagliari and the 48.3-MW Sonnedix Nuoro, the independent power producer (IPP) said
Aug 17, 2022 // Markets & Finance News, Italy, Sonnedix, Europe, solar projects
Sonnedix, Statkraft ink PPA for 50-MW solar farm in Spain
the PPA today, Sonnedix stated today it has already started supplying the contracted power under the 9.5-year agreement.
The electricity is created by the
Jul 4, 2022 // Plants, Large-Scale, Commercial, Spain, PPA, Sonnedix, Europe, Statkraft, solar farm
Sonnedix acquires 23MW Italian portfolio as expansion continues
solar power producer’s operating capacity in Italy to 216.5MW.
Sonnedix’s CEO Axel Thiemann said: “This latest acquisition highlights our
Jan 2, 2020 // Markets & Finance News, Italy, Sonnedix, pv power plants, solar pv, Europe
Sonnedix lands financial close on new 40MW Japan project
Sonnedix resorted to Sumitomo Mitsui Trust Bank (SMTB) to lead the JPY15.5 billion (US$ 144 million) financing, which was underwritten by SMTB, The Bank of Fukuoka, Toho Bank, The Bank of Yokohama, Fukushima Bank and also Joyo Bank.
Found in Soma city, Fukushima prefecture, the 40MW Sonnedix Soma Solar project is to be constructed by Daiwa House. It is expected to complete in early 2022 and generate greater than 48,000 MWh of electrical energy annually.
The project will certainly add to an existing profile of projects managed by Sonnedix Japan KK that flaunts an overall of 133MW in operation and a further 205MW in different stages of development.
Axel Thiemann, CEO at Sonnedix, said the economic close was testament to the company's "solid commitment to the Japanese market".
"Now, more than ever, we are concentrating on our development strategy, as well as this achievement takes us one step better to ending up being leading gamer in the Japanese solar field," he said.
Jul 21, 2020 // Plants, Large-Scale, Commercial, Markets & Finance News, Japan, UTILITY-SCALE SOLAR, Sonnedix, Axel Thiemann, Asia, sumitomo mitsui
Sonnedix's 170MW project in Chile starts procedures
Sonnedix prompted Metka EGN as EPC specialist for the Atacama project, which was constructed with around half a million Jinko Solar mono panels and also 48 Power Electronics central inverters.
The power manufacturer has also safeguarded a lasting power acquisition contract (PPA) with exclusive mining company Collahuasi on the plant. It is expected to generate around 470GWh of clean electricity annually, according to Sergio del Campo, depictive supervisor of Sonnedix Chile.
Axel Thiemann, CEO of Sonnedix, called the announcement "a large turning point for Sonnedix, as well as an essential step to broaden using solar in Chile, as well as worldwide."
The company has worked to enhance its worldwide impact over the past couple of months. It obtained a 3MW capability solar plant in Sicily from ICS S.r.l, and a 15.7 MW PV suite in Spain from Danish institutional financiers at the start of February, and grabbed 4 solar plants in Chile at the beginning of the year.
Feb 15, 2021 // Plants, Large-Scale, Commercial, Sonnedix, Axel Thiemann, Chile, South america, PV Power Plant
Sonnedix Expands Portuguese Solar Portfolio with Cubico Acquisition
Sonnedix Power Holdings Ltd has acquired a 49-MW portfolio of solar parks in Portugal from Cubico Sustainable Investments. The deal, whose value was not disclosed, marks Sonnedix's first operational assets in Portugal. The four photovoltaic parks are located in Evora, Setubal, and Faro, commissioned between 2012 and 2014 under the national government's feed-in-tariff regime.Sonnedix currently has 172.7 MW under construction and a 51.5-MW development pipeline in Portugal. The company sees the acquisition as a way to achieve scale efficiencies and support its expansion strategy in the local market. CEO Axel Thiemann stated that Sonnedix is well-positioned to capitalize on synergies and become a leader in the Portuguese renewables market.
What is Sonnedix's strategy for growth in the Portuguese solar market?
Sonnedix's strategy for growth in the Portuguese solar market includes acquiring operational assets to achieve scale efficiencies.
The company aims to capitalize on synergies from the recent acquisition of the 49-MW portfolio of solar parks from Cubico Sustainable Investments.
Sonnedix plans to leverage its current 172.7 MW under construction and 51.5-MW development pipeline in Portugal to support its expansion in the local market.
CEO Axel Thiemann believes that Sonnedix is well-positioned to become a leader in the Portuguese renewables market by taking advantage of growth opportunities and achieving operational excellence.
Mar 7, 2024 // Plants, Commercial, Sonnedix, cubico










