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Sonnedix acquires Portuguese solar portfolio

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Energy Global,


Sonnedix has officially expanded into Portugal with the acquisition of a 262 MWp solar photovoltaic (PV) portfolio.

The portfolio consists of seven ground-mounted projects under construction or late-stage development with a cumulative capacity of 262 MWp throughout the country. During its first year of operation, these projects are expected to produce approximately 415 00 MWh a year of clean electricity, capable of powering over 137 000 homes, avoiding over 76 000 t of CO2.

This acquisition is its entry-to-market in Portugal, adding diversification to the Sonnedix portfolio and strengthening its position in Europe.

“This feat demonstrates our long-term commitment to the Iberian Peninsula which is currently being seen as an energy powerhouse in Europe,” said Axel Thiemann, CEO of Sonnedix. “It is a very exciting moment in the industry, and we have all intentions to become a true leader in the energy transition by expanding our presence in Portgual.”

“We have a responsibility to supply clean and affordable electricity to our communities which is a fundamental need,” stated Carlos Guinand, Executive Chairman of Sonnedix. “We want to help Portugal reach its renewable power targets and I am very proud of our team for their efforts to take them there.”

Sonnedix currently has a total capacity of close to 8 GW worldwide, including a development pipeline of more than 5 GW. The renewable energy producer operates more than 180 projects totalling almost 600 MW in the Iberic market and has almost 770 MW under construction or various stages of development.

 

 

For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine.

Energy Global's Autumn 2022 issue

The Autumn 2022 issue of Energy Global hosts an array of technical articles focusing on wave & tidal, waste-to-energy, energy storage, solar technology, and more. This issue also features a regional report outlining how green hydrogen is playing a key role in the renewable transition across Europe .

Read the article online at: https://www.energyglobal.com/solar/10112022/sonnedix-acquires-portuguese-solar-portfolio/

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