Sonnedix Reaches 100MWp in Italy with Acquisition of Grape Portfolio

Source Press Release
Company Sonnedix GroupFirst Reserve Corporation 
Tags Asset Deals, Deals, Renewable Energy, Power
Date March 27, 2017

Sonnedix is pleased to announce the acquisition of the 21.6MWp Grape portfolio from First Reserve, taking its operating capacity in Italy to 102MWp. The portfolio comprises 5 ground-mounted PV plants, located in the Apulia and Lazio regions.

The acquisition is in line with Sonnedix’s strategy of deepening its Italian presence and demonstrates its long-term commitment to the Italian market. Reaching the important milestone of 100MWp of operating capacity in Italy means Sonnedix can utilize economies of scale as it continues on a growth trajectory. Sonnedix Group is majority owned by institutional investors advised by J.P. Morgan Asset Management.

Sonnedix was advised by Orrick (legal), EOS (technical) and E&Y (accounting / tax). First Reserve was advised by Rothschild (financial) and Legance (legal).

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