Istres 11.5MW, France

Istres 11.5MW, France

Sonnedix acquires 23.5 MWp Solar PV Portfolio in France

21 December 2012

Paris, France – For immediate release.

Sonnedix, a global solar IPP, is pleased to announce that has acquired a 23.5 megawatt peak (MWp) portfolio of solar energy power plants in Istres and Saint Martin de Crau in South East of France from EDF Energies Nouvelles.

The 23.5 MWp portfolio consist of two solar photovoltaic (PV) projects. The plants have been in operation since October 2012. These projects has been developed and built by EDF Energies Nouvelles, and operation and maintenance services will be managed by one of its subsidiary. Each of them benefits from a 20-year Power Purchase Agreement (PPA) with EDF.
This acquisition brings Sonnedix to 92 MW operational solar power plants globally with another 25MW under construction at this time.

“These plants will provide clean power to an area of France with high irradiation and limited power reserves. We are pleased to provide investors with an expanding, diversified portfolio in the global solar energy market, adding additional diversity to our company. We look forward to broaden our partnership with EDF EN in the future” said Franck Constant, Sonnedix Chairman.

“We are happy to have brought, along side EDF EN in the Toul project, an experienced and long term player such as Sonnedix” said Emmanuel Jaclot, Executive VP for Strategy, M&A and DSSA at EDF EN

About Sonnedix
Sonnedix is an Independent Solar Power Producer (IPP) with a proven track record in delivering high performance cost competitive solar photovoltaic plants to the market. Sonnedix develops, builds, owns and operates solar power plants globally. For more information, please visit www.sonnedix.com

About EDF Energies Nouvelles
EDF Energies Nouvelles, with operations in Europe and North America, is a market leader in green electricity production. With development focused on wind energy for several years and more recently on solar photovoltaic, the Group is also present in other segments of the renewable energies market: small hydro, marine energy, biomass, biofuel and biogas. In addition, the Group is expanding in the distributed renewable energies sector. EDF Energies Nouvelles is a subsidiary of the EDF Group.

I’d put my money on the Sun and Solar Energy, what a source of Power! I hope we don’t have to wait until oil and coal run out, before we tackle that.

Thomas Edison in conversation with Henry Ford and Harvey Firestone, 1931