Sonnedix acquires 23MW Italian portfolio as expansion continues
Sonnedix Solar Adria I PV plant Italy. Image: Sonnedix.
Sonnedix has acquired a 23MW portfolio in Italy from investment group, Ellomay Luxembourg Holdings.
The portfolio includes 12 operating solar PV sites, all consisting of ground mounted panels.
The acquisition, brings the global independent solar power producer’s operating capacity in Italy to 216.5MW.
Sonnedix’s CEO Axel Thiemann said: “This latest acquisition highlights our commitment to the Italian market, as we continue to deliver on our growth strategy. Sonnedix is seeking opportunities to develop, own and operate assets for the long-term, as we expand and optimize our global portfolio.”
The acquisition follows the completion of US$224 million of non-recourse financing of a portfolio of PV projects in Italy in August. Sonnedix stated at the time that this would allow it to invest further in the country.
The company is continuing to expand its operations globally, and now has 950MW in operation, around 400MW under construction and 470MW in late stage development in OECD markets.
In August, Sonnedix started construction of a large-scale solar installation in Chile’s Atacama desert, which will see 171MW of solar enable a 200,000 metric tonnes annual CO2 savings.
It is also working to expand its operations in France, with a spree of acquisitions including five solar rooftop car parks, which make up a 55MW portfolio sold by infrastructure investor Glennmont Partners.
Subsidy Free UK Solar Deployment at Utility Scale
Dec 15, 2020 GMT
Hear from market leaders experienced with delivering the largest projects and portfolios in the UK. Understand the challenges they face bringing NSIP (Nationally Significant Infrastructure Project) projects and multi-GW portfolios to shovel ready stage and hear their perspectives on the continued growth of UK solar and the construction boom expected over the next few years.
PV ModuleTech
Mar 09 - Mar 11, 2021
ONLINE
Understand fully the technical and logistical supply chains that determine the production and performance of solar modules, including all related factors impacting quality, reliability & bankability. This event will be run online with streamed content and online networking.
Solar Finance & Investment Europe
Feb 03 - Feb 04, 2021
ONLINE
The business of solar is changing, as the industry scales up, technology, IT and new players to the market will add complexity. This sparks a host of opportunities such as co-location of solar and storage and the rise of unsubsidised solar projects as well as challenges which will question the very business model of European solar asset owners. Solar Finance & Investment Europe is the meeting place for institutional investors, sovereign wealth funds, solar, wind and storage funds and large energy buyers to do business.
Also read...
-
Solar construction 4.0 - Greencells develops Augmented Reality solution for use on worksites
-
Sonnedix continues Chile solar expansion with 160MWp project acquisition
-
#LSSEU: Doubts remain over necessity of Spain’s new renewables auction system
-
Sonnedix and Amundi partner to invest in European solar assets
-
#LSSEU: JinkoSolar’s Carlos Magistris discusses solar module reliability and performance
Comments