Sonnedix has signed a 10-year Spanish solar power purchase agreement (PPA) with data centre operator Equinix for 150MW of capacity.
The PPA is Sonnedix’s largest transaction signed to date in Europe and it covers a portfolio of three solar plants in Cuenca, in the region of Castilla-La Mancha.
The solar plants are expected to be operational by the end of 2024.
During the 10-year term of the PPA, the PV plants will generate 240,000MWh of green electricity and Guarantees of Origin every year.
Axel Thiemann, CEO of Sonnedix, said: “We are very fortunate to work with Equinix as we continue to expand sustainably in Spain, where we have over 800MW of operating capacity.
“This transaction contributes to our accelerating conversion journey at Sonnedix, demonstrating we can operate at scale and build the relationships that allow us to do so consistently.”
Sonnedix has a total capacity of over 9.4GW around the world, including a development pipeline of more than 6GW, with 1.32GW in Spain alone.
For more than a decade, Sonnedix has been committed to helping Spain attain its renewable energy targets, and contributing to becoming one of Europe’s leaders in the energy transition.
On this transaction, Sonnedix was advised by Watson Farley Williams as legal advisor.
Equinix is a digital infrastructure company that operates more than 240 data centres across 32 countries.