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  • Sonnedix Announces Non-Recourse Refinancing of Part of Spanish Portfolio

    Valuation of renewable energy projects small

    /13th June 2018, Sonnedix/ Sonnedix, an independent solar power producer is pleased to announce the non-recourse refinancing of a portfolio of 12 photovoltaic plants in Spain with a total installed capacity of 30.4MWp at a total value of EUR 140 million. The transaction was executed under the existing joint venture with Q-Energy, which manages the Vela Energy portfolio and co-led the bond issuance. Sonnedix is the largest solar PV power producer in Spain, with an operating capacity in the country of 214 MW. The refinancing is part of Sonnedix’s long-term commitment to the Spanish market and is in line with Sonnedix’s growth strategy in Europe. “With over Euros 1.5bn in assets acquired over the last 12 months, integration and optimization of our growing fleet is paramount to achieving operational excellence” commented Andreas Mustad, CEO of Sonnedix.

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