Info
Info

Sonnedix Announces Refinancing Of 47.3 MW Portfolio In Italy

News

Sonnedix, an independent solar power producer, has announced the non-recourse debt refinancing of a portfolio of 23 photovoltaic plants in Italy with a total installed capacity of 47.3 MW at a value of EUR 157.8 million.

The financing included long-term bank debt and a debt service reserve facility. UBI Banca S.p.A., Banco Santander, S.A., Milan Branch, and Natixis S.A., Milan Branch acted as Lender and Mandated Lead Arranger. UBI Banca S.p.A. also acted as Facility Agent and Account Bank.

“This is an important milestone in our strategy for Italy as we structure the portfolio for its long-term operation" said Andreas Mustad, CEO of Sonnedix. “Our global fleet is continually optimized for operational and fiscal efficiency as we grow, to ensure we remain competitive as solar becomes an increasingly important contributor to the future of low carbon energy generation."

Sonnedix was advised by Norton Rose Fulbright (legal), ValeCap (financial advisor), RSM Studio Palea Lauri Gerla (corporate and tax advisory), Riverside (hedging advisor) and GMB Finance. The lenders were advised by Ashurst (legal), EOS (technical), PWC (tax and model audit), and Marsh S.p.A. (insurance).

NREL Cuts Cost Of III-V Tandem Cells
REDEN Solar Completes The Refinancing Of Its Iberian Solar PV Assets
K-Space Grows In-line Metrology Revenue
Trina Solar Supplies Modules To Ukraine's Largest Solar Power Plant
Solar Might Become EU’s Fastest-Growing Energy Source Due To Elimination Of Tariffs
Welsh Researchers Supersize Perovskite Solar Technology
ABB Connects Sweden´s Largest Solar Park To The Grid
Organic Solar Hits New Landmark
The Time To Invest In Emission Control And Renewable Energy Is Now
SMA Surpasses 1 GW Installed Solar In Latin America
Strong Solar Performance Triggers Record Low Fossil Fuel Generation In Third Quarter
BayWa R.e. Receives The National Energy Globe Award For Its Solar Project In Zambia
First “plug And Play” Power-enhancing Ribbons For PV Interconnection
Trina Solar Supplies Modules To Ukraine's Largest Solar Power Plant
Fenix Reach 150,000 Zambians In Nine Months
World Bank To Invest $1 Billion Towards Battery Storage
Amarenco France's Number One In Rooftop Solar After Latest Tender Results
BayWa R.e. Partners With Mexico’s Largest Distributor Of PV Products
Ensibo Adopts QOS O&M Software To Manage Of 120 MW PV Portfolio
New III-V Device Concept Combines Two Structures
BYD And KOSTAL Announce Strategic Partnership For Energy Storage Solutions
Spottitt Launches Cloud-Based Geospatial Data Analysis On DNV GL’s Veracity Platform
RES And VBB Celebrate Construction Progress Of 10 MW Storage Project
InnoEnergy Start-ups Have Created 1,741 Jobs

Info
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Solar + Power Magazine, the Solar + Power Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info