Sonnedix acquires 67MW solar portfolio in France
Sonnedix strengthens its presence in France through the acquisition of Aloe Energy, a successful Solar PV developer and operator with 67MW in operation as well as a pipeline of projects under development and construction, together with a team of skilled developers and operators. This is the fifth significant acquisition Sonnedix has completed in the last eighteen months, totalling more than 300MW of operating projects with a total asset value of more than €1.4bn.                                                                     Â
These acquisitions have more than doubled Sonnedix's solar capacity in construction and operation, now exceeding 600MW, with an overall portfolio over 1.2GW globally. Sonnedix now ranks as France's 4th largest solar player, controlling 155MW of operating PV plants across France, in addition to more than 100MW in each of Italy and Spain.
"We are excited about the further integration in France and delighted to welcome the Aloe Energy team to Sonnedix, which has just in the last auction demonstrated the strength of their project development capabilities "“ we look forward to working together to continue our growth in France and across Europe", said Andreas Mustad, Sonnedix's CEO.
Sonnedix acquired Aloe Energy from a consortium including Aloem, Ardian Infrastructure and Debiopharm Investment. Sonnedix was advised by Astris Finance (financial), Linklaters (legal), OST (technical) and EY (accounting / tax).
The Sellers were advised by Gide (legal/tax/structure), Société Générale (financial modeling), G-advisory (technical), PwC (accounting), Arsene Taxand (tax) and PGA (legal).
