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Sonnedix Acquires 40 MW of Solar PV Plants in Chile

Published on 7 Jan 2021
Sonnedix has completed the acquisition of 4 ground-mounted solar PV plants in Chile from Building Energy Andes Spa.

The acquisition includes 19 MW of operational – since 2018 – solar PV plants, under the PMGD (small distributed generation projects) regime in Chile, and subject to the Stabilized Price Regime. A further 21MW will be added once the assets reach commercial operation in the coming months.

"Transactions like this show the variety of Sonnedix's portfolio and our position as a strong player in Chile's renewables sector" – said Axel Thiemann, CEO of Sonnedix – "We continue to expand our presence in the country, looking for long-term partnerships and opportunities that allows us to become a true social citizen, as we continue to build a bright future".

Sonnedix continues actively seeking opportunities to expand its global portfolio through acquisitions and development of solar photovoltaic projects across OECD countries.

This M&A transaction was managed and executed by NatPower, who will also coordinate the construction and sale of the RtB pipeline. Sonnedix was advised by Morales & Besa (Legal), DNVL (Technical) as well as ADVAL (Financial and Tax) while Building Energy Andes Spa was advised by Prothea (Financial).

Source: Sonnedix
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