- Press Releases
December 31 (Renewables Now) - Independent solar power producer (IPP) Sonnedix Power Holdings Ltd said today it has concluded the acquisition of a 100-MW operational solar photovoltaic (PV) portfolio in Spain.
It said it bought two 50-MW ground-mounted solar farms from ACS Servicios, Comunicaciones y Energia, a unit of Spanish construction engineering company ACS Actividades de Construccion y Servicios SA (BME:ACS).
One of the acquired plants in located in the region of Castile-La Mancha. It started operation in December 2019 after securing support in the 2017 renewable energy auction in Spain.
The second solar farm, located in Caceres province, has been in operation since November 2021 and will sell its output on the market, Sonnedix said.
Madrid-based law firm Perez-Llorca served as the advisor to Sonnedix on matters related to legal due diligence and share purchase agreement (SPA) negotiations. German Photovoltaik-Institut Berlin AG (PI Berlin) advised on the technical due diligence.
Following the latest acquisition, Sonnedix has a portfolio standing at over 1.2 GW in Spain, including more than 700 MW in development.