Independent power producer Sonnedix has bought a 74.7MW portfolio of PV plants in Spain from private equity investor JZ International (JZI) and Elliott Advisors (UK).
Firm walks PV Tech through its reasons to become first solar IPP to join European Energy Exchange (EEX), a move it says will help curb counterparty risks as power prices plunge worldwide.
Chairman Guinand says new funding evidences firm's "long-term commitment and confidence" in the Caribbean island, whose grid was decimated by Hurricane Maria in 2017.
