PV developer Sonnedix has secured €96 million (US$130.5 million) project financing for two operational PV plants in France.
The non-recourse financing package is provided by Germany’s HSH Nordbank and was said to be the institution’s largest PV deal of 2013.
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The financing will be used for Istres and Saint Martin de Crau PV, two operating PV plants in the South East of France totalling 23.5MW.
Sonnedix acquired the portfolio from EDF Energy Nouvelles last year.
Franck Constant, president of Sonnedix, said: “We have been strengthening our European base while developing projects in new markets. We’re very pleased to continue and deepen our partnership with HSH on this project. We look forward to continued cooperation with them in other solar projects in the near future.
Romain Peteuil, senior vice president of renewable energy at HSH, added: “The financing of these two solar plants represents one of our flagship transactions and our largest PV deal in Europe for 2013.”
Sonnedix has a 100MW global solar portfolio.