May 20 (Renewables Now) – Sonnedix Power Holdings Ltd has acquired a 4.5-MW operating solar photovoltaic (PV) system in Spain from a group of individuals.
The solar plant consists of carport arrays installed at the International Airport of Murcia, south-eastern Spain. Operational since 2013, the system is covered by the Spanish regulatory regime, the independent power producer said today.
Financial details of the transaction have not been disclosed.
Madrid-based law firm Garrigues performed legal due diligence and share purchase agreement (SPA) negotiations for Sonnedix. Consultancy Vector Renewables and accounting firm Ernst & Young (EY) were in charge of technical and financial due diligence, respectively.
Following the acquisition, Sonnedix boosted the size of its Spanish portfolio to over 365 MW of capacity. The company’s current global portfolio stands at over 4 GW, including a development pipeline of roughly 2 GW.
Earlier today, the company announced that it has reached financial close for a 160-MWp solar project in Chile, together with its joint-venture partner Cox Energy America SAB de CV (BMV:COXA).