Sonnedix has acquired two fully-operating portfolios under the Spanish regulatory regime, from a group of private individuals.
The first portfolio of 4.3 MW is comprised of four ground-mounted PV plants, and a second acquisition of 2.9MW consisting of one ground-mounted PV plant. The solar plants are located in Valencia, Palencia, Alicante and Castellon and Cuenca, and have all been in operation since 2008.
Axel Thiemann, CEO of Sonnedix, said: "We continue to deliver on our long-term commitment with the Spanish market, where this year we've been able to grow our portfolio by approximately 85MW. Through this sustainable growth, we are capable of continuing to have an active role in the economic recovery of the country, while fulfilling our purpose: to harness the power of the sun to build a bright future".
The acquisition brings the Sonnedix Spanish operating portfolio to a capacity of 340.6 MWp, reinforcing the company's position as a solar IPP in the country and a leading player in the solar PV generation sector with a total controlled capacity of 1.9GW worldwide.
On these transactions, Sonnedix was advised by Deloitte for financial due diligence and Vector Renewables for technical due diligence, and Cuatrecasas for legal and tax due diligence and SPA negotiations.