Info
Info
News Article

Sonnedix Acquires Eliantus, A 74.7 MW Solar PV Portfolio In Spain From JZI And Elliott

News

Sonnedix, the global independent solar power producer (IPP) has acquired Eliantus, a fully-operating portfolio under the Spanish regulatory regime, from JZI and Elliott

The 74.7 MW portfolio is comprised of 22 ground-mounted PV plants, operating since 2008-2013, located in Valencia, Toledo, Sevilla, Cáceres, Murcia, Badajoz and Albacete

Axel Thiemann, CEO of Sonnedix, said: “under these unprecedented times, it is with agreements like this that we deliver on our long-term commitment with the Spanish market, playing an active role in the economic recovery of the country while continuing to fulfil our purpose of harnessing the power of the sun to build a bright future “.

The acquisition brings the Sonnedix Spanish portfolio to a capacity of 330.7 MWp, reinforcing the company's position as the top solar IPP in the country, and a leading player in the solar PV generation sector.

JZI Managing Partner, Miguel Rueda, said: “Eliantus is a highly successful result of our buy-and-build strategies across various sectors in Europe. This transaction, under the present circumstances, demonstrates the strong long-term fundamentals and the commitment of reputable institutional investors to the PV sector in Spain”.

JZI Senior Partner, Alvaro Mata, said: “Our management partners together with JZI have done an outstanding job since creating Eliantus in 2017, consolidating a high-quality 74.7MW portfolio through various acquisitions and issuing two project-finance bonds prior to this sale. We thank them for all their hard work, and we hope we can continue developing more opportunities together”.

On this transaction, Sonnedix was advised by EY for financial and tax due diligence, Vector Cuatro for technical due diligence, and Pérez Llorca as legal advisor.

On this transaction, JZI and Elliott have been advised by PWC as financial advisor and Herbert Smith Freehills as legal advisor

Sonnedix Adds 40 MW Of Capacity To Its Portfolio In Chile
International Solar Alliance Special Assembly Elects Dr Ajay Mathur As New Director General
Analysis Of UK Commercial Roof Space Shows Solar PV Film Can Achieve Net Zero Without Greenfield Sites
AEG Power Solutions Equips The Microgrid Laboratory Emulator Of Paderborn University
SUNfarming Reaches Financial Close On Project Financing For 26 MWp PV Portfolio In Poland
SunBrush Mobil And Infinity Establish Service Base At Benban, Africa's Largest Solar Park
SUNfarming Secures EUR 10 Million In Fresh Money For Poland
Winch Energy Closes Largest Mini Grid Financing Portfolio To Date
US Solar Fund To Acquire Up To 50% Of 200MWDC Mount Signal 2
BayWa R.e. And HeidelbergCement Sign First Solar Corporate PPA In Polish History
Luxcara And GE Renewable To Deliver 753 MW To Sweden With Single Onshore Wind Farm
VivoPower International PLC Announces Completion Of Electrical Works For 39 MWdc Molong Solar Farm
Driving Efficiency Through Flexible Solar Power Solutions
The Smarter E South America Postponed To October 18-20, 2021
SolarArise Commissions 75 MW Solar Plant In Uttar Pradesh
Leclanché Selected By ENERGODATA To Provide Battery Storage
Q CELLS Solar Modules Keeping The Lights On For Dutch Bulb Grower
Ib Vogt Achieves Financial Close And Start Of Construction Of 116 MWp Solar PV Project In Malaysia
Sonnedix Acquires 150MW Utility Scale Project Located In Central Chile
Going Green In Lancashire – Hundreds Of Houses Installed With Solar Panels In Ground-breaking Project
Oakapple Renewable Energy Appoint Stuart Gentry To Head Business Development
Greencoat Renewables Announces First Transaction In Nordic Market
Sonnedix Brings Chile Closer To Meet Its Renewable Power Targets
Solar Energy For Water Treatment: IBC SOLAR Helps Water Authority Become More Sustainable

×
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
{taasPodcastNotification} Array
Live Event