Perwyn sells Spanish Solar Portfolio to Sonnedix

Sonnedix, an independent global solar power producer, has acquired Perwyn’s portfolio of 9 operating solar PV plants with a combined capacity of 11.3MW in late November. This transaction underlines the health of the Spanish solar sector and is positive for its future development. Aurea Capital Partners, investment manager and partner in the portfolio, has led the origination, acquisition, refinancing and divestment process from sellers´ side since 2014, currently has more than 1GW in different stages of development in the greenfield sector.

Andrew Wynn, Managing Partner of Perwyn, said: “We are delighted to have contributed to the development of this exciting sector in Spain and to sell our assets to a very high quality owner in Sonnedix, who have been a pleasure to engage with throughout this process. We have had an excellent experience investing in Spain alongside our highly professional partners at Aurea Capital Partners.”

Axel Thiemann, CEO of Sonnedix, said: “This acquisition marks our return to the Spanish secondary market and complement our overall growth strategy as we actively seek to develop, acquire and operate other projects for the long term in OECD countries around the world.”

Perwyn was advised by PwC and Araoz & Rueda. Sonnedix was advised by Watson Farley & Williams (Legal and Tax), EY (Financial) and ATA (Technical).

About Sonnedix
Sonnedix Power Holdings Limited (together with its subsidiaries, “Sonnedix”) is an Independent Solar Power Producer (IPP) with a proven track record in delivering high performance cost competitive solar photovoltaic plants to the market. Sonnedix develops, builds, owns and operates solar power plants globally. For more information about Sonnedix, please visit https://sonnedix.com

About Aurea
Aurea Capital Partners is an investment and asset management firm, with an exceptional track record in project development, investment & asset management, financing and capital structuring in the renewable energy sector. The Aurea team has originated, invested, managed and/or divested an aggregate asset value in excess of EUR 3.0bn. For more information about Aurea Capital Partners, please visit www.aureacapital.com