Featured
Sonnedix takes over two photovoltaic plants in the Marche region
Sonnedix is an independent solar power producer (IPP) with a proven track record in the design, construction and operation of high-performance PV plants worldwide, having over 1 GW of PV plants in operation, several hundred MW under development, in Italy, France, Spain, USA/Porto Rico, Chile, South Africa and Japan. The company wants to expand its platform and the use of solar energy worldwide.
Sonnedix, a global independent solar power producer controlled by JP Morgan Asset Management, has acquired two ground-mounted PV plants in the Marche region of Italy.
The portfolio, with a capacity of 1.6 MW, falls under the Italian energy account and has been in operation since 2011. It was sold by Adoria Partners srl, an Italian investment boutique that owns and manages photovoltaic plants and wind farms. In the transaction, Sonnedix was assisted by: Stephenson Harwood (legal advisor), REA srl (technical advisor), RSM Studio Palea Lauri Gerla (tax advisor) and LVC ASIA Pacific Ltd (M&A advisor).
“We are kicking off 2021 with tremendous positive energy, determined to continue expanding our global platform and, with it, the use of solar energy worldwide. This new addition to our Italian portfolio supports our sustainable growth strategy and allows us to maintain our long-term commitment to the Italian market,” said Axel Thiemann, ceo of Sonnedix.
Find more details about Sonnedix and its plans to expand the use of solar energy worldwide and find the most important economic news with our companion app Born2Invest.
With this transaction, Sonnedix has reached 251 MW of operating capacity in Italy
The company is an independent solar power producer (IPP) with a proven track record in the design, construction and operation of high-performance PV plants worldwide, having over 1 GW of PV plants in operation, several hundred MW under development, in Italy, France, Spain, USA/Porto Rico, Chile, South Africa and Japan.
In Italy, Sonnedix in December 2020 refinanced with €160 million a portfolio of Italian PV plants with a capacity of 29.3 MWp and located in several Italian regions. Financing the operation was provided by Crédit Agricole Cib, SocGen, Intesa Sanpaolo, and UBI Banca, which also acted as mandated lead arranger and green loan coordinator (Credit Agricole as lead green loan coordinator), while Intesa Sanpaolo also acted as account bank and agent.
Also last December, Sonnedix acquired a portfolio of photovoltaic plants in Emilia-Romagna, for a total capacity of about 2 MW. The portfolio falls under the Italian energy account and has been operational since 2011. To sell it were Glaros srl and Leonardo Energy Ltd. And again in December, the group has taken over a portfolio of photovoltaic projects under development by the company Horus Green Energy Investment and that will be realized in grid parity. The projects are located in Piedmont and Basilicata, with a total capacity of more than 25 MW. In November 2020, Sonnedix took over 4 photovoltaic plants in Sicily. The seller was Ics, one of the leading developers in Italy.
In October 2020, Sonnedix had instead acquired a 1.3 MW PV plant in Tuscany from Genergy. In July 2020, it had acquired a portfolio of PV plants in Puglia, with a total capacity of about 3 MW. The seller was Melfin, a company owned by Melchioni, an Italian group mainly active in the distribution of industrial electronic components. Finally, Sonnedix in March 2020 had acquired 5 photovoltaic plants in Sicily, with a total capacity of 17.7 MWp. The seller was the joint venture between Canadian Solar and Manni Energy, a company of the Manni Group.
__
(Featured image by succo via Pixabay)
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in Be Beez, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
-
Crowdfunding2 weeks ago
Radical Storage Closes $7 Million Series A Round, Including €2 Million on Mamacrowd
-
Crypto6 days ago
Cardano To Be Closely Integrated with Bitcoin via BitcoinOs
-
Cannabis2 weeks ago
Teen Cannabis Use Declines in the U.S.: How Has Legalization Impacted Youth?
-
Markets2 days ago
Gold and S&P 500 Hit Historic Highs in a Race for the Century’s Top Spot