Aude 5.4MW, France

Aude, France

Sonnedix acquires 5.4MW Solar Power Plant in France from Element Power Solar

12 March 2012

Aude, France – For immediate release.

Sonnedix, the global solar IPP, announced the acquisition from Element Power Solar of a fully operational solar PV plant in St Martin Lalande, near Carcassonne, France.

The 5.4MW ground mounted facility has been generating electricity since February 2011 and is expected to generate in excess of 6,000 Mwh per annum. Element Power Solar will continue to manage plant operations through its Element Power Asset Management division; a division which presently manages solar assets totalling 80MW across Europe.

Sonnedix is a global solar IPP with solar portfolio spanning Europe, Asia and the Americas.

“We are delighted to be strengthening our French portfolio of already 5 PV power plants with this latest cash-accretive acquisition which reinforces economies of scale across our French portfolio. This acquisition shows our commitment to our selected markets in the long run and to projects of superior quality such as this one which has been developed, built and managed by Element Power Solar. We will continue to add high quality PV assets to our portfolio ” said Franck Constant, Chairman of Sonnedix.

“Element Power Solar is pleased that a leading global solar plant investor such as Sonnedix is recognising the quality of our projects”. Paolo Pietrogrande, Chairman of Element Power Solar, affirmed. ” These types of partnerships will allow us to exploit our 2.2 GW pipeline in North and Latin America, Europe and other emerging solar markets”.

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.

About Element Power:
Element Power Solar is a unit of Element Power focusing on the global opportunities in PV solar. Element Power Solar has an extensive portfolio of solar projects with 77MWp of projects developed, built and in operation, and over 2,200MW of projects in development across Europe, North America, Latin America, Africa and South East Asia. Element Power Solar is based in Portland, Oregon with offices in Madrid, London, Verona, Charlottesville, Concepcion and Mexico.

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