The Largest Solar Power Plant in the Caribbean Begins Producing Energy

14 September 2016

ISABELA, Puerto Rico – Oriana Energy LLC, a subsidiary of Sonnedix Group, in partnership with Yarotek, announced it has commenced energization of the Oriana Solar Farm, a 45MW AC (58MWp) solar power plant.

The plant will be the second recently built by the partnership in Puerto Rico and the largest of its kind in in the Caribbean.

The announcement comes at a period of significant growth for Sonnedix, with recent acquisitions and new connections of over 100 MWs in Italy, Chile and South Africa. In addition, on 31 August 2016 it was announced that institutional investors advised by J.P. Morgan Asset Management acquired substantially all of the Sonnedix Group to pursue opportunities in the rapidly expanding global solar market.

“The energization of the largest solar power plant in the Caribbean will bring a large amount of clean, green energy to Puerto Rico,” said Andreas Mustad, CEO of Sonnedix. “It is a landmark moment for Sonnedix. With this milestone, we have more than tripled our operating capacity over the past eighteen months.”

The energization process, defined as Initial Synchronization Date, marks the date when Oriana’s solar energy generating equipment is synchronized to the Puerto Rico Electric Power Authority’s (PREPA) electrical transmission grid. This process is executed progressively, integrating the energy produced into PREPA’s grid in a safe manner. This includes monitoring the PREPA’s energization requirements at incremental power levels. Further acceptance tests are conducted to assure a smooth transition of energy into the grid introducing clean energy into the grid.

“To keep our promise to begin producing clean energy in the month of August, we worked hand in hand with PREPA and our contractors to meet our goal and the commitment made to the people of Puerto Rico”, said Joern Hackbarth, Executive Vice-President and Head of Engineering and Construction at Sonnedix.

With an investment in excess of $160 million, the construction of this renewable energy facility created more than 1,000 direct jobs during construction, mostly residents of Isabela and nearby communities. Greece-based company METKA-EGN built the facility, and will commission and operate it following completion later this year.

Sonnedix and Yarotek will also be planting some 3,500 trees at a nature reserve near to the site as part of the environmental mitigation.

“The Oriana Solar Farm undoubtedly represents another important step in helping PREPA reduce the purchase of oil-based fuel and integrate clean energy sources into our grid,” stated Javier Quintana, Executive Director of the Puerto Rico Electric Power Authority. “Projects of this nature lead us toward environmental compliance and fuel price stabilization for the benefit of our customers.”

About Sonnedix

Sonnedix Power Holdings Limited (together with its subsidiaries, “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 Yarotek

With offices in Miami and San Juan, Yarotek provides solar and other clean energy solutions to customers across the Caribbean, with most of its current focus in Puerto Rico. Yarotek is looking to continue working with its expanding customer base to reduce energy costs, lower price volatility and generate clean power. For more information about Yarotek, please visit www.yarotek.com.

For further information please contact Hamir Patel on +44 203 544 4947 or hamir.patel@champollion.co.uk

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