Sonnedix acquires 416 MWp Chilean solar PV portfolio
Published by Theodore Reed-Martin,
Editorial Assistant
Energy Global,
Sonnedix, the global renewable energy producer, is pleased to announce today the closing of its acquisition of a 416 MWp solar photovoltaic (PV) portfolio from Enel Chile. The acquisition of Arcadia Generacion Solar and its four operating PV plants, cleared by Fiscalía Nacional Económica, positions Sonnedix as one of the largest utility scale renewables producers in Chile with over 2.5 GW of controlled capacity and marks Sonnedix’s largest acquisition to date of operating assets across its global portfolio.
In parallel, Sonnedix successfully closed a US$624 million acquisition financing facility with BNP Paribas, SMBC and Société Generale, acting as Joint Lead Arrangers, Joint Bookrunners and Green Loan Coordinators. Crédit Agricole CIB acted as Senior Mandated Lead Arranger and DNB Bank acted as Arranger. This closing is a further example of the long-term relationship Sonnedix has developed with its banking partners, which are instrumental in facilitating Sonnedix's continued sustainable growth, within Chile and on a global scale. The transaction also includes the refinancing of Atacama Solar, Sonnedix’s largest operational utility scale project in Chile.
“The acquisition of this portfolio demonstrates Sonnedix’s strong and long-standing commitment to helping Chile meet its renewable power goals. The refinancing recognises this strategy, the growing scale of our platform in country and the enduring strength of the relationships with our banking partners,” said Axel Thiemann, CEO of Sonnedix. “I am delighted to be adding another PPA to those already agreed this year. This is an important step as we continue expanding our global portfolio of renewable energy assets, and to leading the energy transition in Chile.”
Arcadia Generacion Solar has a long term Power Purchase Agreement (PPA) with Enel Green Power for the supply of green electricity.
“We’re pleased to have completed this significant acquisition, alongside the signing of the financing and the PPA. We continue to build good momentum in Chile, where our trusted partner status and track record drive our ability to collaborate across the value chain and continue to grow and optimise our portfolio,” said Carlos Guinsnf, Executive Chairman of Sonnedix. “The need for green, affordable and secure electricity has never been more imperative, and we’re delighted to be playing an important role in Chile’s energy transition, helping our customers and communities to meet decarbonisation goals.”
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Read the article online at: https://www.energyglobal.com/solar/25102023/sonnedix-acquires-416-mwp-chilean-solar-pv-portfolio/?yptr=yahoo
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