Sonnedix has acquired a 300MW solar portfolio comprising five UK projects from Lightsource bp.
The assets are expected to become operational in 2024 and will enable Sonnedix to “significantly scale up” it presence in the UK market, serving as a hub to support its global and European presence.
Through the acquisition, the developer’s UK project capacity will reach around 500MW and there are plans to further increase this operational presence in the country, it said.
It adds to a 5GW global development pipeline overseen by Sonnedix across Chile, France, Germany, Italy, Japan, Poland, Spain, the US and UK.
Sonnedix chief executive Axel Thiemann said: “Similar to us, Lightsource bp shares the same values and commitment to building a brighter future by delivering sustainable renewable solutions for the communities we impact.
“This will help us deepen our relationships as partners, and further grow our footprint in the local market where we have been present for some time to push the energy transition forward.”
Lightsource bp EMEA and APAC chief Kareen Boutonnat added: “Solar projects, are crucial for a secure, low-cost and lower carbon energy system.
“One of our key strengths at Lightsource bp is as an enabler of the energy transition by deploying our solar development experience and capability to support growing portfolios of renewables across the world.
“The sale of these assets to Sonnedix demonstrates our strong credentials as a trusted development partner, and transactions like this will catalyse the rapid deployment of renewables as businesses work in partnership to create a more sustainable energy future.”