Sonnedix, a Spanish developer of solar and wind power projects, has concluded a non-recourse refinancing of its domestic PV portfolio, freeing up a total value of €74 million worth of solar assets.
The refinancing package covers an installed PV portfolio of 18.17 MWp, and was executed under the existing joint venture between Sonnedix and Q-Energy – which manages the Vela Energy portfolio under with the refinanced capacity sits.
Global coordinators in the refinancing process included both Deutsche Bank and Spain’s Caixa Bank, with Sonnedix commenting that the deal will prove an important milestone for the company’s long-term commitment to Spain’s solar market.
The developer has enjoyed a relatively active year in Spain’s solar market, augmenting its portfolio in the country to 145 MW following the acquisition in April of the Vela Portfolio, which comprises 43 individual PV sites amounting to 136 MW of solar. The company also acquired a 7 MW solar farm from Sunflower Sustainable investments that month.
Beyond Spain, Sonnedix has more than 100 MW of operating solar capacity in Italy, and is currently building more than 170 MW of solar plants in Japan.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.