Sonnedix Acquires a 48MW Photovoltaic Portfolio in Italy

Published March 22nd 2016 at 2:00pm
Sonnedix is pleased to announce that it has acquired the 'Solar Holding' 48MW solar photovoltaic portfolio in Italy from DGE, INCJ and other shareholders. The portfolio comprises 22 solar plants located across Italy.

"The Solar Holding portfolio is an excellent fit with our group M&A strategy and I'm very pleased that we've been able to complete the transaction in such a short period of time. This acquisition provides a significant boost to the scale of our Italian portfolio and reinforces our commitment to a long term presence in the Italian market." said Axel Thiemann, Sonnedix's Executive Vice President of Commercial.

Franck Constant, Sonnedix's Executive Vice President of Asia, added "We're proud to be working with Mitsubishi Corporation and their partners on this project as they have demonstrated the highest levels of professionalism throughout the process. We're increasingly working with Japanese partners on our development activities in Asia and are very pleased to be working, and continuing to build a mutually productive relationship, with a very respectable and reputable partner like Mitsubishi."

"DGE has known Sonnedix for a while since we invested in French PV assets. Sonnedix is a professional PV IPP and we are happy to hand over our plants into good hands." said Keiichi Suzuki, CEO of Diamond Generating Europe.

Source: Sonnedix
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