WFW advises Sonnedix on €595m PV portfolio refinancing
Watson Farley & Williams has advised global renewable energy producer Sonnedix on a €595m loan granted by CaixaBank to refinance the debt of a PV portfolio with an aggregated capacity of circa 154 MW, comprising several non-recourse existing financing transactions, including project bonds.
The deal is a significant step forward for Sonnedix’s growth strategy and demonstrates the ongoing interest of lenders in high-quality renewable energy assets. Additionally, the structure of the loan provides enhanced adaptability to support upcoming pipeline initiatives.
Sonnedix has been a key player in the renewable energy sector since 2009, boasting over 11 GW of capacity worldwide, along with a development pipeline exceeding 6 GW.
The firm Madrid Energy team was led by Finance partner Rodrigo Berasategui, working closely with senior associates Antonio Cáneva and Laura Fontán and associates Diana Palazón and Guzmán Sáez de Retana.
