Sonnedix’s Acquisition of a 15.7 MW Solar PV Portfolio in Spain

Lundgrens assisted Sonnedix Power Holdings Limited in this transaction.

Sonnedix, the global solar independent power producer (IPP) has acquired a 15.7 MW solar PV portfolio in Spain, from Danish institutional investors.

The portfolio is comprised of a total of fifteen solar PV plants, twelve roof-top and three ground-mounted, located in Alicante, Barcelona, Castellón, Lérida, Madrid, Murcia, and Valencia. All plants are operational since 2008-2012 and under the Spanish regulatory regime.

The acquisition brings the Sonnedix Spanish portfolio to a total operational capacity of 354.9 MW, reinforcing the company’s position as the top solar IPP in the country, and a leading player in the solar PV generation sector.

Sonnedix Power Holdings Limited (together with its subsidiaries, Sonnedix) is a global solar Independent Power Producer (IPP) with a proven track record in delivering high performance cost competitive solar photovoltaic plants to the market. Sonnedix develops, builds, owns and operates solar power plants globally, with a total controlled capacity of over 2 GW. Sonnedix continues to expand its global footprint across OECD countries, with more than 300 solar plants in operations, as well as several hundred MW under development in Italy, France, Spain, USA/Puerto Rico, Chile, South Africa and Japan.

The Lundgrens team consisted of Thomas Kræmer (Picture), Anna Sofie Jacobs, Jakob Schilder-Knudsen and Ingolfur Orn Ingolfsson.

Involved fees earner: Anne Sofie Jacobs – Lundgren; Thomas Kræmer – Lundgren; Ingolfur Orn Ingolfsson – Lundgren; Jakob Schilder-Knudsen – Lundgren;

Law Firms: Lundgren;

Clients: Sonnedix;