Everoze supports Sonnedix in the acquisition of a 15.7 MW solar PV portfolio in Spain

Published in February 2021

Everoze was delighted to advise Sonnedix, global solar independent power producer (IPP), on the acquisition of a 15.7 MW solar PV portfolio in Spain from Danish institutional investors.  The portfolio comprises a total of 15 solar PV plants, twelve roof-top and three ground-mounted, operational since 2008-2012 and under the Spanish regulatory regime.  

Everoze employed its industry leading Due Diligence on Demand process, ensuring a robust risk assessment, smooth communication and continuous identification of open or risk items. Through the process, efficient mitigation measures were discussed and agreed between the parties, allowing the technical risk profile of the project to reach an acceptable level for Sonnedix. Everoze’s scope of work included technical review of a third-party Due Diligence consisting in permits, grid, land, technology, design, environmental constraints, Asset Management and O&M contracts and more detailed review of the lifetime of the plant through the operational data, the site inspections and the energy yield. 

Everoze’s work was led by Ana Bamonde supported by a broader project team including Marina Presas, Christophe Campistron, Michele Lauritano, Soraya Molinero and Stefan Mau. For more details, Sonnedix press release is available here.