Sonnedix closed a long term non recourse debt facility for its first photovoltaic project in Spain
27 October, 2010

Sonnedix announced that on August 13th, 2010 one of its subsidiaries closed a long-term non-recourse debt facility for its first photovoltaic project built in Spain, located in Pinos Puente, near Granada. The project, which has a total installed capacity of approximately 1 MW and was commissioned in the second quarter of the year, was built by Assyce Fotovoltaica, S.L. and was financed by Triodos Bank Spain. ” We are pleased to announce the deployment and financing of our first project in Spain despite the challenging situation of the market ” said Andreas Mustad, CEO of Sonnedix Solar.

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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, 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

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