Sonnedix gains 1GW pipeline in Poland through the acquisition of solar developer Sun Power Energy – EQ Mag Pro
LONDON, UK : Sonnedix, the global solar independent power producer (IPP), has acquired Sun Power Energy, a solar PV developer in Poland with 20 professionals based in Warsaw. The deal gives Sonnedix close to a 1GW development pipeline across Poland and is a springboard for further expansion into a new European market.
Poland is Sonnedix’s second market entry within three months, following its first German acquisition – a 5.6MW operational portfolio, in December 2021. Sonnedix is now present in six European countries, in addition to its operations in Chile, the USA and Japan.
“The Sun Power Energy platform acquisition aligns perfectly with our growth strategy for Europe; we are gaining an excellent local team and an impressive pipeline as a catalyst for our ambitious growth strategy for Poland,” said Axel Thiemann, CEO of Sonnedix. “The strong synergy with our core capabilities means we will jointly be able to accelerate the conversion of the pipeline, drive further growth, and provide a long-term commitment to the Polish energy transition.”
Sun Power Energy’s Managing Director Justyna Nesteruk, who joins Sonnedix as Head of Growth and Representative Director, Poland, said: “Sonnedix is a perfect match, providing us with the opportunity to expand the development of solar projects and to operate these assets for the long term. We are delighted to become part of Sonnedix and will work together to build a bright future.”
The Poland acquisition brings Sonnedix’s total capacity of operating assets and projects under development and construction to over 6.5GW worldwide. The solar global IPP is actively seeking further growth opportunities through the acquisition of both operational and development projects.
On this transaction, Sonnedix was advised by Santander (Financial), CMS (Legal), and DNV (Technical) while Sun Power Energy was advised by DWF (Legal).
About Sonnedix
Sonnedix Power Holdings Limited (together with its subsidiaries, Sonnedix) is a global solar Independent 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, with a total capacity of over 6.5GW, including a development pipeline of over 4GW.
Sonnedix continues to expand its global footprint across OECD countries, with almost 380 solar plants in operation, as well as several GW under construction or at various development stages in Chile, France, Germany, Italy, Poland, Spain, South Africa, UK, USA and Japan.
