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Transactions - JULY 5, 2022

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Sonnedix signs solar PPA with Statkraft

by Kali Persall

Global independent solar power producer Sonnedix and European renewable-energy producer Statkraft have signed a 10-year solar-as-produced power-purchase agreement (PPA).

Sonnedix will supply Statkraft with an average of 100 gigawatt-hours of green electricity per year, from 2021 to 2031, via a solar PV plant located in Badajoz, in southwest Spain.

This represents Sonnedix’s first PPA for a grid-parity project in Spain.

“This transaction is further testament to Sonnedix’s commitment to the Spanish market, as we continue to actively seek opportunities to expand our platform in the country through the development, acquisition and operation of projects for the long term,” said Axel Thiemann, CEO of Sonnedix. “We are looking forward to being in business with Statkraft and to further expanding the relationship.”

Sonnedix has a total controlled capacity of more than 1.8 gigawatts worldwide and more than 200 solar PV plants across the eight countries

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