Sonnedix is pleased to announce the acquisition of the 21.6MWp Grape portfolio from First Reserve, taking its operating capacity in Italy to 102MWp.
The portfolio comprises 5 ground-mounted PV plants, located in the Apulia and Lazio regions.
The acquisition is in line with Sonnedix’s strategy of deepening its Italian presence and demonstrates its long-term commitment to the Italian market. Reaching the important milestone of 100MWp of operating capacity in Italy means Sonnedix can utilize economies of scale as it continues on a growth trajectory. Sonnedix Group is majority owned by institutional investors advised by J.P. Morgan Asset Management.
Sonnedix was advised by Orrick (legal), EOS (technical) and E&Y (accounting / tax). First Reserve was advised by Rothschild (financial) and Legance (legal).
Sonnedix is an Independent Solar Power Producer (IPP) with a proven track record in delivering high performance cost competitive solar photovoltaic plants to the market. Sonnedix develops, builds, owns and operates solar power plants globally.