Sonnedix acquires Eliantus, a 74.7 MW solar PV portfolio in Spain from JZI and Elliott

Sonnedix, the global independent solar power producer (IPP) has acquired Eliantus, a fully-operating portfolio under the Spanish regulatory regime, from JZI and Elliott.
Sonnedix acquires Eliantus, a 74.7 MW solar PV portfolio in Spain from JZI and Elliott
Courtesy of NREL

The 74.7 MW portfolio is comprised of 22 ground-mounted PV plants, operating since 2008-2013, located in Valencia, Toledo, Sevilla, Cáceres, Murcia, Badajoz and Albacete.

“Under these unprecedented times, it is with agreements like this that we deliver on our long-term commitment with the Spanish market, playing an active role in the economic recovery of the country while continuing to fulfil our purpose of harnessing the power of the sun to build a bright future” said Axel Thiemann, CEO of Sonnedix.

The acquisition brings the Sonnedix Spanish portfolio to a capacity of 330.7 MWp, reinforcing the company’s position as the top solar IPP in the country, and a leading player in the solar PV generation sector.

On this transaction, Sonnedix was advised by EY for financial and tax due diligence, Vector Cuatro for technical due diligence, and Pérez Llorca as legal advisor.

JZI and Elliott have been advised by PWC as financial advisor and Herbert Smith Freehills as legal advisor.

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Tags: Solar , PV , Spain
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