Sonnedix announces its financial closing of a long term non recourse project financing for a portfolio of two solar plants in operation totalling 23.5MW at Istres and Saint Martin de Crau, South East of France. These plants will provide clean power to an area of France with high irradiation and limited power reserves. Debt financing is provided by HSH Nordbank AG (“HSH”),
” We have been strengthening our European base while developing projects in new markets. We’re very pleased to continue and deepen our partnership with HSH on this project. We look forward to continued cooperation with them in other solar projects in the near future ” says Franck Constant, President of Sonnedix. The Istres and Saint Martin de Crau portfolio is adding in excess of 36 GWh per year of solar power production to Sonnedix European portfolio.
” The financing of these two solar plants represents one of our flagship transactions and our largest PV deal in Europe for 2013. We’re once again very delighted to strengthen our strategic partnership with Sonnedix ” said Romain PETEUIL, Senior Vice President, Renewable Energy with HSH.
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 over 100MW of solar power plants globally.
About HSH Nordbank AG: With a track record of over 20 years in the energy industry HSH Nordbank is a leading financing partner focused on wind and solar projects across Europe. HSH Nordbank provide long term project finance, related liquidity management, risk management products and corporate finance services.
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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, owns and operates solar PV plants for the long-term, in France, Italy, Spain, the UK, South Africa, Chile, Puerto Rico and Japan. Sonnedix currently has a total controlled capacity of more than 1.7GW and has over 870MW in operation across the countries where it operates.
For more information about Sonnedix, please visit www.sonnedix.com