Sonnedix buys 38.2 MW of Spanish solar portfolios

Sonnedix has acquired two solar portfolios in Spain. A portfolio of 21 operating solar PV plants with a combined capacity of 26.9 MW was acquired from an unnamed top tier asset manager in early December, and a portfolio of 9 operating solar PV plants with a combined capacity of 11.3 MW was acquired in late November from Perwyn, a family funded investment firm.

The newly acquired assets consist of the rooftop, greenhouse and ground-mounted solar plants located across high irradiation regions in Spain.

Aurea Capital Partners, investment manager, and partner in both portfolios has led the origination, acquisition, refinancing and divestment process from the sellers´ side since 2014.

Sonnedix was advised by Watson Farley & Williams (Legal and Tax), EY (Financial) and ATA (Technical) on both transactions. The sellers were advised by KPMG, PwC, Cuatrecasas, and Araoz & Rueda.