Sonnedix, an independent power producer specializing in solar photovoltaic (PV) projects, has successfully completed the acquisition of a 12.6-megawatt peak (MWp) solar PV park situated in the Extremadura region of western Spain. The asset, previously owned by Nordic Solar, marks another strategic expansion for Sonnedix within the Iberian Peninsula, a market central to the company's growth strategy. Financial terms of the transaction were not disclosed.

The newly acquired facility, which has been operational since 2021, is fully grid-connected and contributes directly to Spain's renewable energy generation capacity. Extremadura is renowned for its abundant solar resources, boasting some of the highest irradiation levels in Europe, making it a prime location for large-scale solar developments. This geographical advantage, coupled with a supportive regulatory environment, has positioned the region as a magnet for significant renewable energy investments.

This acquisition aligns with Sonnedix's long-term commitment to expanding its global portfolio of high-quality, operational solar assets. The company currently manages a substantial portfolio across multiple countries, with Spain representing a core market for its European operations. The addition of this 12.6-MWp park further solidifies Sonnedix's position as a leading solar IPP in the country, contributing to its stated goal of reaching gigawatt-scale capacity.

Industry analysts note that Spain's solar market continues to attract robust investment, driven by ambitious national decarbonization targets and a favorable energy policy landscape. The Spanish government aims for renewables to account for 74% of electricity generation by 2030, necessitating significant annual additions of solar and wind capacity. Acquisitions of operational assets, such as this one, provide immediate contributions to these targets and offer stable revenue streams for investors.

A spokesperson for Sonnedix stated, "This latest acquisition in Extremadura underscores our unwavering commitment to the Spanish renewable energy market. Spain remains a cornerstone of our European growth strategy, offering excellent solar irradiation and a clear regulatory pathway for sustainable development. We are dedicated to playing a pivotal role in the nation's energy transition by expanding our portfolio of high-quality assets." The transaction reflects a broader trend of consolidation and strategic asset transfers within the mature segments of the European solar market, as larger players seek to optimize and expand their operational footprints. The park's integration into Sonnedix's existing operational framework is expected to leverage economies of scale in asset management and operations and maintenance (O&M).