Sonnedix acquires 7.0MW Olmeda PV plant

25 April 2017

MADRID, Spain – Sonnedix is pleased to announce the acquisition of the 7.0MWp Olmeda plant from Sunflower Sustaintable Investments Ltd and Shikun & Binui Ltd., taking its operating capacity in Spain to 145MWp. The ground-mounted PV plant is located in Cuenca, Spain.

The acquisition is in line with Sonnedix’s strategy of deepening its Spanish presence and demonstrates its long-term commitment to the Spanish market. The acquisition of the Olmeda PV plant is the first successful result of Sonnedix partnership with the Vela Energy management team. Sonnedix Group is majority owned by institutional investors advised by J.P. Morgan Asset Management.

Sonnedix and Vela Energy were advised by Perez Llorca and Uria Menendez (legal), G-Advisory (technical) and Deloitte (accounting / tax).

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 about Sonnedix, please visit www.sonnedix.com

About J.P. Morgan Asset Management – Global Real Assets

J.P. Morgan Asset Management – Global Real Assets has more than $96 billion in assets under management and more than 400 professionals in 20 offices throughout the Americas, Europe and Asia Pacific, as of December 31, 2016. With a 45-plus year history of successful investing, J.P. Morgan Asset Management – Global Real Assets’ broad capabilities provide many of the world’s most sophisticated investors with a global platform of real estate, infrastructure and transportation strategies driven by local investment talent with disciplined investment processes consistently implemented across asset types and regions. For more information: jpmorgan.com/institutional/global_real_assets

For further information please contact Hamir Patel on +44 7771 780 946 or hamir.patel@instinctif.com

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