Sonnedix acquires 11.2MW solar portfolio in Italy

Sonnedix acquires 11.2MW solar portfolio in Italy

Independent power producer Sonnedix has acquired an 11.2MW power plant portfolio in Italy from Trading Emissions PLC.

The portfolio is comprised of three ground-mounted solar PV plants – Basciano and Cupello in Abruzzo and Librandello in Sicily.

Sonnedix recently acquired three projects totalling 7.5MW in Chile. It now has 79MW of operating solar plants in Italy and 353MW worldwide.

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 2005 and March 2016. It demonstrates our long-term commitment to the Italian market, and will allow us to utilise economies of scale as we continue to grow.”

On 31 August 2016, JP Morgan Asset Management and the Sonnedix Group announced that investors advised by JP Morgan had acquired all of the Sonnedix Group.