MILAN, Italy – Sonnedix, the global solar independent power producer (IPP) has completed the full acquisition of a 22.3MW portfolio of solar PV plants from Spanish IPP Solarig.
The portfolio is comprised of 18 ground-mounted solar photovoltaic plants, all of them in operations since 2010/2011 and under the Italian Conto Energia feed-in tariff system. All plants are located in Italy.
“We are happy to see our continuous growth in the Italian market, where we currently operate 133 solar PV plants, and continue actively seeking new acquisition and development opportunities “said Axel Thiemann, CEO of Sonnedix. “it is through transactions like these that we continue expanding the use of solar and pushing the energy transition”.
Sonnedix currently has an operational capacity of over 275MW in Italy, and a total controlled capacity of over 4.2GW across Italy, France, Spain, Chile, Puerto Rico, Japan, and South Africa.
Solarig is now present in 14 countries and is continuing the growth of its pipeline of 4GW under development in several countries including Italy, Spain, UK, Chile, Brazil, Mexico, and Australia.
On this transaction, Sonnedix was advised by Watson Farley & Williams (legal), Duff&Phelps (Tech), RSM Studio Palea Lauri Gerla (Tax and financial). Solarig was advised by Herbert Smith Freehills (legal) and L&B Partners Avvocati Associati.
Sonnedix Power Holdings Limited (together with its subsidiaries, Sonnedix) is a global solar Independent 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, with a total controlled capacity of over 4GW, including a development pipeline of almost 2GW. Sonnedix continues to expand its global footprint across OECD countries, with more than 330 solar plants in operations, as well as several hundred MW under development in Italy, France, Spain, USA/Puerto Rico, Chile, South Africa and Japan.