PV plant developer Sonnedix has acquired a 11.2MW solar portfolio including three proejcts in Italy from investment firm Trading Emissions.
The transaction for the plants in Basciano and Cupello in Abruzzo, and in Librandello in Sicily, is expected to close in the final quarter of this year.
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
Sonnedix recently acquired three projects totalling 7.5MW in Chile. It now has 79MW of operating solar plants in Italy and 353MW globally.
Axel Thiemann, Sonnedix’s executive vice president of commercial, said: “This acquisition is in line with our strategy of deepening our Italian presence following acquisitions in December 2015 and March 2016. It demonstrates our long-term commitment to the Italian market, and will allow us to utilize economies of scale as we continue to grow.”
Last week, J.P. Morgan Asset Management and the Sonnedix Group announced that investors advised by J.P. Morgan had acquired substantially all of the Sonnedix Group.
