Renewable vitality firm Sonnedix introduced in the present day that it has secured €730 million (USD$840 million) for the refinancing, optimization and development of renewable vitality property throughout Southern Europe.
Based in 2009, London-based renewable vitality firm Sonnedix develops, builds, owns and operates utility-scale photo voltaic, wind and battery storage initiatives. The corporate designs and delivers versatile clear vitality options, together with energy buy agreements (PPAs), hedging methods and hybrid offtake merchandise, to assist clients optimize vitality prices and help their decarbonization objectives.
In response to the corporate, the financing can be allotted throughout renewable vitality property in France, Italy, Portugal and Spain, together with PV crops with a mixed capability of roughly 540MW and two battery vitality storage system (BESS) property. A lot of the initiatives financed can be positioned in Italy, with a 350MW portfolio, the corporate stated.
Sonnedix stated that the brand new capital will help the corporate advance its hybridization technique, develop storage initiatives alongside its photo voltaic PV portfolio, and increase its buyer base.
The transaction was formalized with the participation of AIB, CACIB, CIBC, ING, Intesa Sanpaolo, Sabadell, Santander CIB, Societe Generale, and UniCredit.
Axel Thiemann, CEO of Sonnedix, stated:
“This financing displays Sonnedix’s dedication to growing prime quality renewable initiatives in our strategic markets. It follows our current BESS portfolio acquisition in Italy, and underscores the tempo at which we’re scaling our storage capabilities throughout Europe.”
