Sonnedix acquires from Qualitas Energy a regulated 136MWp solar PV portfolio in Spain

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25 January, 2023

MADRID, Spain – Sonnedix, the international Renewable Energy Producer (REP), has acquired a 136MWp solar PV portfolio in Spain, from Qualitas Energy, a global investment and management platform focused on renewable energy, energy transition, and sustainability investments.

The portfolio consists of 169 solar PV plants located across the country. All plants are in operations since 2007-2014 and are under the Spanish regulatory regime.

“We’re truly proud of this operation, one of the most important in recent years, which undoubtedly reinforces our positioning and consolidation in Spain as a leading independent renewable energy producer”, affirmed Axel Thiemann, CEO of Sonnedix. “This acquisition demonstrates our capacity and dedication to powering the energy transition in the country – where we started our journey in 2009, and where today we have a total capacity of over 1.4GW – expanding our portfolio of projects and building relationships with partners like Qualitas Energy, who share our vision of a future where renewable energy leads, improving the lives of our communities.”

“We are delighted to have a partner such as Sonnedix, which accompanies us in our mission to decarbonize the global economy, and we are proud to continue helping to consolidate the Spanish energy market. Furthermore, this transaction demonstrates our purchasing, financing, and operational optimization capabilities, and allows us to further strengthen our business strategy”, said Iñigo Olaguíbel, Founding Partner and CEO of Qualitas Energy.

Sonnedix’s global platform spans across ten countries, reaching over 8GW of total capacity. In Spain, where the renewable energy producer is present since 2009, they reached an operational capacity of over 770MW, and more than 850MW in projects under construction and various phases of development. Sonnedix continues expanding its global portfolio through the acquisition and development of projects in Spain and other OECD markets.

In addition, Qualitas Energy, which has more than 16 years of experience in the renewable energy sector, recently announced the launch of its fifth flagship fund, Q-Energy V (QE V), with which it will primarily invest across Germany, the UK, Spain, Italy, and Poland, targeting renewable energy assets in operation and under development. In November 2022, the vehicle held a first close of more than €1.1 billion.

On this transaction, Sonnedix was advised by Pérez-Llorca (fiscal, legal), and G-advisory (technical). Qualitas Energy was advised by Santander (financial), and Gómez-Acebo y Pombo (legal).

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About Sonnedix

Sonnedix is an international Renewable Energy Producer (REP) with over a decade-long trajectory of sustainable growth. Sonnedix develops, builds, and operates renewable energy projects for the long-term, with a focus on providing green, affordable electricity to our customers, and acting as a true social citizen there where it operates.

Sonnedix currently has a total capacity of over 8.8GW, including a development pipeline of almost 6GW, across Chile, France, Germany, Italy, Japan, Poland, Portugal, Spain, the USA, and the UK. The company continues to expand its global footprint across OECD countries, through acquisitions and development of renewable energy projects.

 

About Qualitas Energy

Qualitas Energy is a leading investment and management platform focused on renewable energy, energy transition, and sustainable infrastructure investments.

Since 2007, the Qualitas Energy team has managed investments of more than €11 billion in renewable energy worldwide. These investments have been deployed through five vehicles: Fotowatio / FRV, Vela Energy, Q-Energy III, Q-Energy IV, and Q-Energy V.

Qualitas Energy’s existing portfolio currently holds more than 3.4 GW of operating and development energy assets, including more than 1.1 GWp of solar PV, 242 MW of solar thermal power (CSP), 1.5 GW of wind, 63 MW of battery, and 435 MW of biogas assets across Spain, Germany, the UK, Italy, and Poland.

The operating assets currently generate enough clean energy to supply more than 250,000 homes and avoid the emission of 400,000 tons of CO2, per year.

The Qualitas Energy team is composed of more than 450 professionals across seven offices in Madrid, Berlin, Hamburg, Wiesbaden, London, Milan, and Warsaw.

Please visit qualitasenergy.com for further information.

Media contacts

Sonnedix

contact: comms@sonnedix.com

www.sonnedix.com

Qualitas Energy

Henar Hernández

Global Head of Communications

henar.hernandez@qenergy.com

+34 697 11 68 72

Carlos Serrano

Harmon

cserrano@harmon.es

+34 669 51 93 98

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