Madrid - Sonnedix, a global renewable energy company with a total capacity of 12GW, has closed a financing of €67 million for the development of four solar photovoltaic projects in Spain and Italy, currently in the construction phase.
The transaction has been formalized with the participation of Banco Santander, Banco Sabadell, BBVA, Rabobank, CIBC and NatWest, providing €11 million for a project in Spain and €56 million for a portfolio in Italy.
In Spain, the financing will be allocated to the Sonnedix Duquesa project, a 25MW photovoltaic plant currently under construction and expected to begin operations in the second half of 2026. This project represents a further step in Sonnedix’s hybridization strategy, as battery energy storage systems (BESS) are planned to be incorporated in a later phase.
The Dolce Vita portfolio consists of five photovoltaic projects located in Italy. First 3 projects have been included in the financing: Sonnedix Latina 3, with a capacity of 38MW; Sonnedix Cascinetto, of 18MW; and Sonnedix Cisterna, of 21MW. These assets will provide long-term stability to Sonnedix’s portfolio through the FER X support scheme, with cash flows backed by 20-year Contracts for Difference (CfDs) guaranteed by the Italian state-owned company GSE.
Miguel A. García Mascuñán, CFO of Sonnedix, stated: “The closing of this financing strengthens our ability to continue developing high-quality renewable projects in strategic markets such as Spain and Italy. Furthermore, it reflects the confidence of the financial institutions in our long-term growth strategy and in the strength of our European portfolio.”
Daniel Machuca, Global Head of Project Finance of Sonnedix, highlighted: “This financing has been particularly complex due to its cross-border nature and the simultaneous closing in two jurisdictions. Its success was made possible thanks to very close coordination between teams and financial institutions, and it demonstrates our ability to design efficient solutions that support the development of our portfolio.”
With this transaction, Sonnedix continues to advance in the construction of new renewable assets in Europe and reinforces its sustainable growth strategy, focused on the development of long-term projects and the progressive incorporation of storage solutions that allow for optimizing the value of renewable energy.
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About Sonnedix
Sonnedix is a global renewable energy company that supplies 100% clean electricity directly to its customers, through a diversified portfolio of solar, wind, and storage assets. With nearly two decades of sustained growth, the company continues to drive the energy transition through the acquisition, development, construction, and operation of long-term projects, offering innovative solutions tailored to the needs of each customer.
Currently, Sonnedix has a total capacity of 12 GW in its portfolio, which includes more than 1 GW under construction, 4GW in operation, and a development pipeline of 6GW. Its presence extends to Chile, France, Germany, Italy, Japan, Poland, Portugal, Spain, and the United Kingdom. The company continues to expand its global footprint across OECD countries, both through acquisitions and the development of new renewable energy projects.
For more information, please visit: www.sonnedix.com