The acquisitions take Sonnedix's operating capacity in Spain to 252MW and underline the solar IPP's long-term commitment to the Spanish market. The newly acquired assets consist of roof top, greenhouse and ground-mounted solar plants located across high irradiation regions in Spain and represent a good geographic synergy with Sonnedix's existing Spanish footprint.
Axel Thiemann, CEO of Sonnedix, said, "These acquisitions mark our return to the Spanish secondary market and complement our overall growth strategy as we actively seek to develop, acquire and operate other projects for the long term in OECD countries around the world."
Carlos Guinand, Chairman of Sonnedix, commented, "Sonnedix's first operational solar plant was in Spain and I'm delighted to mark our 10th anniversary with further acquisitions in this country. It has been a phenomenal 10 years and I look forward to our continued sustainable growth."
Sonnedix was advised by Watson Farley & Williams (Legal and Tax), EY (Financial) and ATA (Technical) on both transactions. The sellers were advised by KPMG, PwC, Cuatrecasas and Araoz & Rueda.
