Sonnedix has closed the acquisition of a 42MW solar plant in Castilla-La Mancha, in Spain.
The acquisition of the array in Carpio del Tajo, Toledo, is set to take Sonnedix’s operational capacity in the Spanish market to over 1GW by the end of 2024.
Sonnedix has over 800MW operational capacity in Spain, with a further 300MW in construction and a development pipeline of roughly 300MW.
The solar plant is the second in a 78MW portfolio acquired from Impax Asset Management in April 2022, which also includes a working 36MW solar plant located in Herencia, Ciudad Real.
Sonnedix chief executive Axel Thiemann, said: “The completion of this acquisition is another important step in our journey to reaching 1GW of operating capacity in Spain by the end of this year.
“Already in 2024, we have inaugurated our largest portfolio of solar plants in Spain to date, while continuing to drive forwards our conversion and hybridisation strategy to meet the country’s growing demand for clean, secure and flexible energy.
“As one of Sonnedix’s first-ever markets, we are incredibly proud to be one of the largest solar PV players in the region and to be playing an integral role in Spain’s energy transition.”
Head of the PE/infrastructure transaction team at Impax Asset Management Carsten Johansen said: “We are pleased to announce the conclusion of our construction program in Spain where we have recently brought the 42MW Portachuelo solar plant into operation.
“This transaction also concludes our exit programme in Spain through our third fund where we have sold a combined 118MW of solar PV projects.”