Sonnedix lands €730M debt deal for Southern Europe solar and storage

What's the deal? Independent power producer SonnedixDealroom has a profile for this one. Try Dealroom → has closed a €730 million ($841.3 million) financing deal to refinance existing debt and fund new solar and energy storage projects across Southern Europe.

What's the endgame? The money backs construction of new solar and storage capacity in markets including France, Italy, Portugal, and Spain. It also lets the company refinance debt already on its books.

Why now? Renewables momentum is building across the region, with recent deals such as Macquarie CapitalDealroom has a profile for this one. Try Dealroom →'s backing of an Italian solar-plus-storage venture and TotalEnergiesDealroom has a profile for this one. Try Dealroom →' move to buy ShellDealroom has a profile for this one. Try Dealroom →'s European onshore renewables business.

The signal: At €730 million, the loan ranks among the largest debt rounds in its category, sitting in the 96th percentile of comparable deals. That scale points to lenders' continued appetite for pairing solar generation with storage in Southern Europe.

Read more: Renewables Now

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