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Sonnedix Acquires 55MW Portfolio of Five Plants in France

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Sonnedix has acquired five plants with a total operating capacity of 55 MWp from Glennmont Partners
Sonnedix Acquires 55MW Portfolio of Five Plants in France
Courtesy of Sonnedix

The five projects are car park canopies at car manufacturing facilities in different locations across northern France. This acquisition expands Sonnedix's operating capacity to 244 MWp in France.

Axel Thiemann, CEO of Sonnedix, said, "We're delighted to exceed 200 MW operating capacity in France in 2019."

Joost Bergsma, CEO and Founding Partner of Glennmont Partners, commented,  "The deal further demonstrates Glennmont's strategy of investing early in high quality assets and optimizing these in the initial years of their operational life to facilitate a steady stream of cash flow generation."

Sonnedix was advised in the acquisition by Linklaters (Legal), WPO (Technical) and CMS Francis Lefebvre (Tax)

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