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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.

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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.

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(Featured image by succo via Pixabay)

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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.

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Olivia McCall is passionate about education, women and children’s rights, and the environment. A long-time investor, she covers news about the latest stocks (lately marijuana and tech), IPOs and indices, and is always on the lookout for socially responsible startups. She also writes about the food sector, and has a keen interest on cryptocurrencies.