Sonnedix acquires 23.6 MW solar portfolio in France

Independent Power Producer (IPP), Sonnedix has acquired the 23.6 MW AES Solaire France portfolio from SunEdison for an undisclosed amount. It comprises two ground mounted solar PV power plants and two solar parking canopies in southern France. SunEdison Global Services will continue to provide operation and maintenance services.

Following the acquisition, Sonnedix now has almost 90 MW of operational solar systems in France, and more than 150 MW overall.

In December, Sonnedix France SAS announced it had completed non-recourse debt refinancing totaling €203 million from Natixis Global Infrastructure & Projects, Banco Santander and The Bank of Tokyo-Mitsubishi UFJ, Ltd, for six solar PV parks worth 57.3 MWp, also located in France.

"This is the largest solar PV financing completed in France this year," stated Sonnedix Group CEO, Andreas Mustad. "The refinancing has allowed us to benefit from the current favourable market conditions, free-up cash, reinforce the long-term stability of our French fleet and create real value for our shareholders," he added.

Days prior to this, in Japan, Sonnedix announced its operator in the country, Nippon Solar Services (NSS) had closed long-term project financing for the 33 MW ground-mounted solar PV Oita power plant in the Kyushu region. ING Bank underwrote the financing for a total of JPY12.1 billion (around €94.5 million).