WFW advises Sonnedix on acquisition of 37 MW Spanish photovoltaic portfolio
Sonnedix is a global independent solar power producer (IPP) with a proven track record in delivering high performance, cost-competitive solar photovoltaic plants to market.
Sonnedix is a global independent solar power producer (IPP) with a proven track record in delivering high performance, cost-competitive solar photovoltaic plants to market.
The three plants – 50 MW Los Belos, 11.2 MW El Muelle and 50 MW Montesol – are all located in the Spanish region of Aragon and have been fully operational since 2020.
Once connected, the assets are expected to generate enough energy to fully power over 250,000 Spanish households, reducing their carbon footprint by over 330,000 metric tons of CO2 emissions per year.
The portfolio projects is located in the Spanish provinces of Palencia and Valladolid.
These pioneering transactions were developed simultaneously and are firsts of their kind, combining two tried and tested ship financing structures.
The PPA covers 17 projects in the Spanish regions of Teruel, Zaragoza, Badajoz, Cuenca and Valladolid, which will collectively generate enough energy to supply more than 450.000 homes per year.
With a €350m clean energy portfolio with a total installed capacity of 500 MW, Eranovum is an investment and management services company active in the renewable energy sector.
This replaces the previous working week of Sunday through Thursday standard across much of the Arab world.
This is Europe’s largest solar corporate VPPA for the packaging industry to date.
Watson Farley & Williams has advised a syndicate of twelve banks acting as lenders on the project financing for two 49.9 MW concentrated solar power plants owned by Saeta Yield, Extresol 1, S.L.U. and Extresol 2, S.L.U., both located in Spain’s Badajoz province.