Sonnedix, a major player in the renewable energy sector, has acquired a 42 MW photovoltaic solar plant in Carpio del Tajo, Castilla-La Mancha, Spain.
This acquisition is part of an expansion program aimed at achieving an operational capacity of over 1 GW by the end of 2024. Axel Thiemann, CEO of Sonnedix, stated that this acquisition represents a crucial step for the company in meeting the increasing demand for energy in Spain.
Since the beginning of the year, Sonnedix has inaugurated its largest portfolio of solar power plants in Spain to date, while pursuing a strategy of conversion and hybridization to strengthen the country’s energy security.
Impact on the Spanish Energy Market
The new solar plant, which reached its commercial operation date in October 2023, is expected to generate 89 GWh in its first year of operation.
This acquisition is part of a 78 MW portfolio acquired from Impax Asset Management in April 2022, also including a 36 MW solar plant located in Herencia, Ciudad Real.
Carsten Johansen, head of the PE/Infrastructure transaction team at Impax Asset Management, highlighted the completion of the construction program in Spain and the recent commissioning of the 42 MW solar plant in Portachuelo.
This transaction also marks the end of Impax’s exit program in Spain, with the sale of 118 MW of solar PV projects.
Strategic Partnerships and Advisory
For this transaction, Sonnedix was advised by Ashurst for legal aspects and Gadvisory for technical advice, while Impax Asset Management was advised by Gomez Acebo & Pombo.
This collaboration underscores the importance of strategic partnerships in the renewable energy sector to facilitate expansion and optimization of operational capacities.
Sonnedix’s rapid progress in Spain illustrates the company’s dynamic growth and its significant role in the renewable energy sector in Europe. By increasing its operational capacity and investing in cutting-edge technologies, Sonnedix is positioning itself as a key player in the market.