Sonnedix has nearly doubled its solar capacity in Spain with the acquisition of a 300MW development from RIC Energy
The global solar independent power producer said it has completed the acquisition of a 300MWp solar photovoltaics (PV) portfolio under development.
The start of construction is expected towards the end of 2022. Financial details were undisclosed.
The portfolio is divided into two 150MWp clusters with all solar plants located in Cuenca, east-central Spain.
In Spain, Sonnedix has a portfolio of 140 solar PV plants with more than 350MW in operation, plus a development pipeline of 350MW. Sonnedix currently has almost 2GW under operation or construction across eight countries, plus more than 2GW of development pipeline.
Axel Thiemann, the CEO of Sonnedix, said the acquisition lifts the firm’s total controlled capacity in Spain to over 700MW and consolidates Sonnedix as the top solar independent power producer in the country.
“This project demonstrates our strong commitment to the Spanish market, and to the expansion of solar around the world in line with our sustainable growth strategy. We continue looking for opportunities to acquire development projects and partner with strong players with whom we can continue pushing the energy transition forward.”
Jesús de Fuentes, commercial director at RIC Energy, said: “We are thrilled to be working with an incredibly capable team at Sonnedix who understands the development dynamic well and is as committed as we are to helping foster the renewable energy transition and creating quality jobs in rural communities.
“Our team is sparing no effort in these projects by working with municipalities to ensure that we are maximising the ecological and economic benefit to the host communities.”
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