Sonnedix has acquired a portfolio of 4 ground-mounted solar PV plants from ICS Srl.
The 4 MW portfolio, located in Sicilly, is in commercial operations since 2010, under the Italian Conto Energia (feed-in tariff) scheme.
"These acquisitions contribute to Sonnedix's growth in Italy and take us further towards our goal to build a bright future. The Italian team has overcome great challenges this year, focused on our long-term commitment to provide a reliable supply of clean electricity to our communities,"said Axel Thiemann, CEO of Sonnedix.
"We are thrilled for this further successful transaction with Sonnedix Group and I would like to thank our team for their excellent origination skills," said Riccardo Cammalleri, COO of ICS.
The acquisition takes Sonnedix's operating capacity in Italy to 249 MW consolidating its position of solar IPP in the country, and in its solar PV generation sector. Sonnedix continues expanding its footprint in Italy, through the acquisition, financing and development of solar photovoltaic projects.
On these transactions, Sonnedix was advised by Orrick (Legal), Duff & Phelps (Technical) as well as RSM Studio Palea Lauri Gerla (Financial and Tax).