Project Finance Brief: Sonnedix Completes Acquisition of 118 MW Solar Projects
ReNew Power secures $1.1 billion loan for 1.3 GW of projects
August 24, 2022
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Sonnedix, an independent power producer, has completed the acquisition of 117.8 MW of portfolio of solar PV projects from Graziella Holding and other minority sellers. All projects in the portfolio are in the Ready-to-Build (RtB) stage. The portfolio comprises two solar PV projects: Sonnedix Cagliari with 69.5 MW and Sonnedix Nuoro with 48.3MW, located in Sardinia, Italy. The plants are expected to start operations by the second half of 2023 and the first half of 2024, and once built, they will benefit from a feed-in tariff from Gestore dei Servizi Energetici.
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Utsav Sinha
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