Sonnedix Acquires 7 MW Olmeda Solar PV Plant in Spain

The acquisition of 7 MW solar PV plant in Spain is in line with Sonnedix’s strategy of deepening its Spanish presence and demonstrates its long-term commitment to the Spanish market.

Sonnedix is pleased to announce the acquisition of the 7 MWp Olmeda solar PV plant from Sunflower Sustaintable Investments Ltd. and Shikun & Binui Ltd., taking its operating capacity in Spain to 145MWp. The ground-mounted solar PV plant is located in Cuenca, Spain.

The acquisition is in line with Sonnedix’s strategy of deepening its Spanish presence and demonstrates its long-term commitment to the Spanish market. The acquisition of the Olmeda solar PV plant is the first successful result of Sonnedix partnership with the Vela Energy management team. Sonnedix Group is majority owned by institutional investors advised by J.P. Morgan Asset Management.

Sonnedix and Vela Energy were advised by Perez Llorca and Uria Menendez (legal), G-Advisory (technical) and Deloitte (accounting / tax).

Press Release