Thursday, September 28, 2023

WFW advises Sonnedix on 11-year 50MW PPA

Watson Farley & Williams has advised Sonnedix on the signing of an eleven-year renewable energy power purchase agreement (PPA) with one of the main energy groups in Europe


The renewable energy will be produced by Sonnedix Bonete, a 50MW solar PV plant acquired by Sonnedix at the end of 2021, located in the province of Albacete, Castilla-La-Mancha, Spain.

The PPA has commenced at the beginning of 2023 and will have a total duration of eleven (11) years.

“We’re very proud of providing green electricity to energy companies of great presence in the Iberian Peninsula, a market of great importance for Sonnedix,” said Axel Thiemann, CEO of Sonnedix. “With over a decade of sustainable growth, we’re positioned as a leading independent solar producer, and we continue expanding our renewable platform not just in Spain but also in Portugal, where we set foot in 2021 with the acquisition of a 262MW portfolio.”

Sonnedix currently has a total capacity of over 1.3GW in Spain, including a development pipeline of over 660MW. The renewable energy producer entered the Portuguese market in 2021 through the acquisition of a 262MW solar PV portfolio, comprised of seven solar PV plants in advanced development and construction stages.

On this transaction, Sonnedix was advised by Watson Farley & Williams (legal).

The WFW Madrid team that advised on the financing was led by partner Rodrigo Berasategui, assisted by senior associate Antonio Cáneva and associates Antón Ramil and Diana Palazón.

The WFW Madrid team that advised on the PPA with one of the main energy groups in Europe was led by partner David Diez assisted by senior associate Héctor Suárez.

- Advertisement -spot_img
- Advertisement -spot_img


ONTIER guides ECI’s €60m sale of 47 Supercor to Carrefour, advised by CC

According to Cinco Días, the company has closed the transfer of 47 Supercor shops, its chain of neighbourhood supermarkets, to Carrefour for €60 million....

KWM assists Santander and EIB with €553m Green Loan financing to Solaria

King & Wood Mallesons' Finance and Banking team in Madrid advised Banco Santander and the European Investment Bank (EIB) on the agreement reached with...

KWM guides Moira Capital´s €10m investment in IEQSY

Moira Capital Partners has closed the year with its 14th investment. IEQSY is a Spanish company specialising in the design and manufacture of systems...
- Advertisement -spot_img