News Article

Sonnedix Acquires A 5.1 MW Portfolio Of Operating Assets In Spain


Sonnedix, a solar independent power producer (IPP) has
completed the acquisition of a 5.1MW portfolio of operating assets from
Diversis Energía, S.L. and Grupo Enerpal.

The portfolio is comprised of two ground-mounted solar
photovoltaic plants located in Spain. Both plants are under the Spanish
regulatory regime and have been in operations since 2008 and 2006 respectively.

“Through transactions like this, we continue to deliver on
our long-term commitment with the Spanish market, contributing to the country's
economic recovery” said Axel Thiemann, CEO of Sonnedix. “At the same time, our
sustainable growth strategy allows us to expand the use of solar, fulfilling
our purpose to harness the power of the sun to build a bright future”.

Sonnedix currently has a total controlled capacity of over
4GW across eight countries. In Spain, Sonnedix has 138 projects in operations
across the country, with a total capacity of 361MW.

On this transaction, Sonnedix was advised by Eversheds
Sutherland (legal due diligence and SPA negotiation), Vector Renewables
(technical due diligence), and E&Y (tax and fiscal due diligence). On the
sellers' side, Colliers introduced the opportunity.

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