Sonnedix, a UK-based independent solar energy producer and investment vehicle for JP Morgan clients, has announced the acquisition of the 42 MW Portachuelo photovoltaic plant located in Carpio del Tajo, province of Toledo. This acquisition is part of a 78 MW portfolio purchased from Impax Asset Management in April 2022, which also includes a fully operational 36 MW solar photovoltaic plant in Herencia, Ciudad Real.
The Portachuelo plant, with a Commercial Operation Date (COD) in October 2023, is expected to generate 89 GWh of clean electricity during its first year of operation. Sonnedix projects that this acquisition will help the company exceed 1 GW of operational capacity in Spain by 2024. The company also has a portfolio of 300 MW projects currently under construction.
Carsten Johansen, Head of PE/Infrastructure Transactions at Impax Asset Management, remarked on the significance of the transaction: “This transaction also concludes our exit programme in Spain through our third fund, where we have sold a combined total of 118 MW of solar PV projects.”
Sonnedix currently boasts more than 800 MW of operational capacity in Spain, with a development pipeline of approximately 300 MW. The company was advised by Ashurst (legal) and Gadvisory (technical advice) for this transaction, while Impax Asset Management received advice from Gomez Acebo & Pombo.
