Sonnedix buys 22-MW solar portfolio in Italy

Independent solar power producer (IPP) Sonnedix Power Holdings Ltd has acquired a 22.3-MW solar portfolio in Italy from Spanish peer Solarig.

The newly-acquired photovoltaic (PV) bag consists of 18 ground-mounted solar plants, operational since 2010 and 2011. The assets benefit from Italy's feed-in-tariff (FiT) scheme, Conto Energia.

The buyer said in a statement that this transaction brings its portfolio of operating plants in Italy to more than 275 MW of total capacity. The company operates 133 PV farms in Italy, CEO Axel Thiemann said.

With the sale, Solarig now maintains a 4-GW pipeline of projects under development in a total of 14 countries.

Sonnedix got legal advice from Watson Farley & Williams. RSM Studio Palea Lauri Gerla was in charge of financial and tax advisory services, while Duff & Phelps acted as technical advisor.

Sonnedix has more than 4.2 GW of total controlled capacity, including that in the development pipeline, across Italy, France, Spain, Chile, Puerto Rico, Japan, and South Africa, it noted.

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