Sonnedix continues French build-up with 55MW purchase

Facebook
Twitter
LinkedIn
Reddit
Email
Sonnedix's new purchase follows last year's acquisition of a 41MW PV park near Bordeaux (Credit: Sonnedix)

Sonnedix has pressed on with its spree of French acquisitions after buying five solar rooftop car parks in the country's north, a 55MW portfolio sold by infrastructure investor Glennmont Partners.

The firm’s French PV portfolio swelled up to 244MW after the acquisition of the Batilly (10.4MW), Douai (11.9MW), Flins (10.6MW), Maubeuge (11.8MW), and Sandouville (10.4MW) installations.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

All five solar car parks went live between late 2011 and early 2012, with Glennmont as the owner via its Glennmont Clean Energy fund Europe I fund.

The investment vehicle was billed as Europe’s top clean energy fund when it launched in 2009, going on to raise a €437 million pot from institutional investors within 18 months after that point.

The portfolio of 14 wind, PV and bioenergy assets the fund has built in the intervening decade has been progressively divested in recent times.

The French solar car parks aside, Glennmont sold a 29.4MW Portuguese trio to Cubico last September, offloading three months later a further 85.4MW portfolio of three in Italy to fellow infra investor Tages Capital.

For Sonnedix, meanwhile, this represents the latest of a series of French PV acquisitions, four months after it snapped up alongside Allianz a 41MW ground-mounted park near Bordeaux.

The IPP has remained active elsewhere in Europe – with numerous Italian and Spanish purchases – and beyond, acquiring utility-scale projects in Chile and bagging finance for Japanese plants.

26 November 2024
Málaga, Spain
Understanding PV module supply to the European market in 2025. PV ModuleTech Europe 2024 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 10, 2024
Dallas, Texas USA
Solar Media Events
April 17, 2024
Lisbon, Portugal
Solar Media Events
May 1, 2024
Dallas, Texas
Solar Media Events
May 21, 2024
Napa, USA