Sonnedix to acquire 136MW PV portfolio in Spain

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
As a result of the deal, Sonnedix is now the second largest PV company in Spain. Image: Sonnedix

Independent solar power producer Sonnedix announced Friday that it has signed off on a deal to acquire the 136MW Vela PV portfolio from Centerbridge Partners — with the pipeline comprised of 43 operating and financed solar projects in Spain.

As a result of the deal, Sonnedix is now the second largest PV company in Spain.

The transaction is expected to close out in Q1 and will bring Sonnedix’ total operating capacity to almost 500MW globally. As part of the deal, Sonnedix and the management team that collaborated with Centerbridge to build and operate the portfolio have entered into a partnership to continue to acquire PV assets in Spain and beyond.

Axel Thiemann, Sonnedix’s executive vice president of commercial, said: “The acquisition of the Vela Portfolio and the re-entering of the Spanish Solar PV market is an important milestone for Sonnedix. The acquisition comes with an important pipeline, increases our global capacity to almost 500MW and demonstrates our long-term commitment to continued growth.”

Read Next

PV Tech Premium
September 15, 2021
Record-breaking power prices across Europe have turned the spotlight on the role fossil fuel plants play in generating electricity and how the transition to renewables-plus-storage could lower consumer bills.
September 8, 2021
Sonnedix, Opdenergy and Canadian Solar were among the five successful bidders in Chile’s latest power auction, which took place yesterday (7 September) and will see the country support 2GW of renewables and storage installations.
September 7, 2021
Supply disruptions in the coal and gas sectors have contributed to record electricity costs across Europe, leading to calls for more support for renewables generation to mitigate future price rises.
PV Tech Premium
September 1, 2021
Spain’s renewables auction next month is set to receive high levels of interest from solar bidders, according to industry observers, as the country’s government seeks to support the swift deployment of new capacity following a summer beset by record-breaking electricity prices.
August 20, 2021
Solar PV plants generated 10% of the EU-27’s electricity demand during June and July this year, new analysis by energy thinktank Ember has found.
August 17, 2021
Spain will carry out an auction this October for 3.3GW of solar PV and wind capacity as the country’s government aims to speed up renewables deployment in the face of soaring electricity bills.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
Solar Media Events
December 1, 2021