Sonnedix acquires 136MW Spanish PV portfolio from Centerbridge Partners

April 4, 2017
Facebook
Twitter
LinkedIn
Reddit
Email
The portfolio includes 43 operating and financed projects. Credit: Anpier

International PV developer and investor Sonnedix has acquired a 136MW solar portfolio from Centerbridge Partners, in what is claimed to be one of the largest PV transactions in Europe.

The portfolio includes 43 operating and financed projects and Sonnedix said the acquisition will make it the second largest player in Spain. The cost of the investment was not disclosed.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Sonnedix has also partnered with the management team that worked with Centerbridge to build and operate the projects in order to acquire further solar PV assets in Spain and elsewhere. Sonnedix and Centerbridge have also agreed to explore additional opportunities for further collaboration in Europe.

“We are very pleased to announce the successful closing of the Vela Portfolio transaction, our largest in Europe to date,” said Andreas Mustad, CEO of Sonnedix. “The acquisition is a major milestone for Sonnedix, demonstrating our long-term commitment to continued growth and taking our global operating capacity over 500MW.”

The company, which is majority owned by institutional investors advised by J.P. Morgan Asset Management, has invested €1 billion into new assets over the last 12 months.

Last week, Sonnedix acquired a 21.6MW solar portfolio comprising five ground-mount projects in Italy from private equity firm First Reserve.

Read Next

October 20, 2025
Spain has amended its national common agricultural policy (PAC) framework to include agrivoltaic (agriPV) systems to be eligible for subsidies.
October 16, 2025
T1 Energy and Nextracker have agreed to use the latter’s steel module frames at the former’s new 5GW module manufacturing facility in Dallas.
October 6, 2025
An expert panel has identified a series of grid failures that led to April's unprecedented power outage in Spain and Portugal, ruling out renewables as the leading cause.
October 2, 2025
Spanish waste management company Trabede and energy firm Greening Group will build a solar module recycling plant in Granada, Andalusia, Spain.
September 30, 2025
Global investor KKR has acquired 50% of a 1.4GW solar portfolio in North American from French oil major TotalEnergies.
September 24, 2025
Spanish IPP Sonnedix has acquired five solar projects in Sicily and Lazio, Italy, with a combined capacity of 226MW.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany