2026 - Building on hybridization, commercial structuring and European leadership
So far in 2026, Sonnedix has continued to advance on the strategic priorities set the previous year — commercial structuring, hybridization and European leadership — with several notable milestones in the first months of the year and more expected as the year unfolds.
In Italy, Sonnedix has already crossed the 1 GW operating-capacity threshold with the acquisition of the 194 MW Akira portfolio (six renewable energy projects sourced from asset managers EOS Investment Management and Capital Dynamics, March), and secured a 7.9 TWh share in Italy's Energy Release 2.0 mechanism — accounting for 11.7% of the total awarded volume and providing stable contracted revenues over a three-year period for electro-intensive customers (April). The company also co-signed an open letter published in the Italian national press calling for a more competitive Italy through renewables, storage and stable rules (March), and contributed to the broader European policy debate by issuing "A Manifesto for Europe's Clean Power System" focused on turning renewable leadership into lasting competitiveness (March).
On the commercial and financial front, Sonnedix signed a tailor-made financial product with Endesa to hedge its long-term positions, covering 262.8 GWh of renewable energy starting in 2027 and reinforcing its hybridization strategy (April). In Portugal, the company closed its first-ever financing for hybrid battery energy storage (BESS) projects (March), marking another step in the diversification toward multi-technology, hybrid solutions.
With the year still under way, further announcements on portfolio growth, commercial agreements, hybrid and battery storage projects, and operational milestones are expected in the coming months as Sonnedix continues to deliver on its strategic roadmap.
2025 - Record financing and crossing the 1 GW mark in Spain
Our ambition is to be the supplier of choice for industrial customers, delivering 100% renewable energy directly to them. Earlier in the year, Sonnedix appointed a new Chief Digital Officer, Simon Duckett, and welcome our first Chief Commercial Officer, Gregorio Morales Schmidt. We locked in major long-term PPAs with key customers — Renfe and Volkswagen (Spain), Equinix (Portugal) — deepening our commercial relationships and reinforcing our role as a suppler of large-scale renewable power.
We kept delivering on our sustainable growth strategy, significantly expanding across Europe: in Italy, five new renewable-energy projects pushed capacity beyond 800 MW, with the goal of reaching 1 GW by year’s end; in Portugal, the inauguration of 150 MW Sonnedix Douro solar plant and acquisition of additional ready-to-build projects raised the Iberian footprint substantially. Beyond growing our platform, we continued structuring our portfolio to support commercial goals, securing €2 billion in refinancing to fund a more diversified, multi-technology portfolio that now includes battery storage and hybrid solutions — not just solar.
We maintained our position as a Sustainability Sector Leader, earning a GRESB five-star rating for the eight year. We achieved a perfect 100/100 score in areas such as leadership, policies, reporting, risk management, stakeholder engagement, greenhouse gas emissions, energy performance, employee engagement, and health and safety. This is testament to our team’s dedication and our ability to anticipate, seize opportunities, and deliver long-term value for our communities, partners, and investors.
2024 was a year of major financing milestones and operational scale-up.
Sonnedix closed a record €3.25 billion in refinancing to scale its European portfolio (December) and secured a €260 million green loan for Italian projects (February). Japan completed its first-ever portfolio financing agreement (April).
Operationally, Sonnedix surpassed 1 GW of operating capacity in Spain with the inauguration of its 150 MW Betierra portfolio (November), began construction of its largest UK solar PV plant (creating 100 green jobs in April), inaugurated a 21 MW PV cluster in Poland (October), added 250 MW to its Italian portfolio (September), and initiated operational activity in Portugal with the acquisition of a 49 MW portfolio (March). Leadership additions included Miguel Ángel García Mascuñan as CFO (May) and Kevin McCullough joining the Board of Directors (December). The company also signed its first EPC Framework Agreement with Eiffage Energía Sistemas (March) and earned a GRESB five-star rating for the seventh consecutive year.
2023 - Major PPAs, Iberian expansion, and Chilean growth
2023 was driven by an exceptional volume of long-term commercial agreements and large-scale acquisitions. Key PPAs included a 10-year deal with Equinix for a 150 MWp Spanish portfolio (May) plus a second 10-year Equinix PPA in December, a 12-year agreement with Sidenor under CESCE guarantee (April), a 12-year deal with Endesa for a 77 MW Spanish portfolio (March), an 11-year Spanish PPA (February), a long-term PPA with Statkraft for a 34 MWp Italian project (May), and a U.S. PPA with Guzman Energy for a 110 MW project (February).
The company completed the acquisition of a 416 MWp Chilean portfolio from Enel Chile (October) and launched its largest project to date — the 160 MW Sonnedix Meseta de los Andes in Chile (June). In Spain, Sonnedix surpassed 800 MW of operational capacity (March), inaugurated the 50 MW Los Frailes plant (April), completed 57 MW of new construction (March), and acquired a 136 MWp portfolio from Qualitas Energy (January) and a 26 MW portfolio (January). Sonnedix entered Portugal's construction phase with its first 149 MW plant (October), Poland's first PV project entered commercial operation (February), and Japan launched the Motegi project (September). The company was named GRESB Infrastructure Sector Leader and signed a €500 million loan facility (December) plus sustainability-linked corporate facilities (March).
2022 - Geographic expansion into Portugal, Poland and acquisitions
2022 was a year of geographic expansion and portfolio diversification. Sonnedix entered Portugal through the acquisition of a 262 MWp solar PV portfolio (November), began construction of its first solar PV plant in Poland (September), acquired a 290 MW solar and wind platform in Chile (October), and acquired a 300 MW solar PV portfolio from Lightsource bp in the UK (December). In Italy, the company acquired a 117.8 MW RTB portfolio (August), started construction of 50 MW (October), and signed long-term PPAs with Statkraft (September). Spain saw the commercial operation of the 50 MWp Los Frailes plant (December), the acquisition of a 36 MWp operating plant (November), and a PPA with Statkraft for the 50 MW Galisteo plant (July).
Strategic moves included a partnership with Palantir for digital transformation (November), the divestment of South African solar operations to BTE Renewables (June), and the acquisition of Polish developer Sun Power Energy adding a 1 GW pipeline (March). In Japan, Sonnedix closed financing for two projects (April) and its first-ever portfolio financing (April), reached 417.5 MW of operational capacity, and started commercial operation of the Soma (40 MW), Tanabu (26.5 MW), Sano (41.6 MW), and Hirono (14 MWp) plants. Anders Dahl joined the Board of Directors (April) and the company received its fifth consecutive GRESB five-star rating (November).
