Sonnedix acquires 136MW Spanish PV portfolio from Centerbridge Partners

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
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.

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

July 19, 2021
Merchant solar and projects backed by power purchase agreements (PPAs) drove ground-mounted PV deployment in Spain last year, as the country installed its second-highest yearly amount of 2.8GWp, new figures from trade association UNEF reveal.
July 5, 2021
Shares in the renewables division of Spanish utility Acciona were up 7.3% on their initial public offering (IPO) price during their maiden day of trading on 1 July.
June 29, 2021
Soltec has signed an agreement to supply its SF7 bifacial solar trackers to Norwegian state-owned utility Statkraft for use in four PV projects being developed in the southern Spanish region of Andalucía.
June 28, 2021
Global IPP Sonnedix has acquired a 300MW solar PV portfolio from developer RIC Energy, with construction to start toward the end of 2022
June 24, 2021
Amazon has announced 14 new renewable projects in the US, Canada, Finland, and Spain, strengthening its position as the largest corporate buyer of renewables globally
June 22, 2021
Repsol has opened its first PV solar farm with a total installed capacity of 126.6MW, representing a €100 million investment

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
July 29, 2021
Webinar
Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events, Upcoming Webinars
October 6, 2021