Sonnedix, a global independent solar power producer, acquired five solar photovoltaic projects totaling 300 MW from Lightsource bp, a London-headquartered solar project developer. The projects are expected to be operational in 2024.
Located across different regions in the UK, the projects are expected to produce approximately 300 GWh of clean energy during the first year of operation. This is equivalent to powering about 84,500 households and avoiding over 57,000 metric tons of CO2 emissions per year.
“Similar to us, Lightsource bp shares the same values and commitment to building a brighter future by delivering sustainable renewable solutions for the communities we impact,” said Axel Thiemann, CEO of Sonnedix. “This will help us deepen our relationships as partners and further grow our footprint in the local market where we have been present for some time to push the energy transition forward.”
Kareen Boutonnat, CEO for EMEA and APAC at Lightsource bp, said, “Solar projects are crucial for a secure, low-cost, and lower carbon energy system. One of our key strengths at Lightsource bp is as an enabler of the energy transition by deploying our solar development experience and capability to support growing portfolios of renewables across the world.
With this acquisition, Sonnedix will reach 500 MW of controlled capacity in the UK with ambition to accelerate its growth trajectory to increase operational presence and make the UK one of its major markets in Europe.
In October, Sonnedix acquired ARCO, an independent power producer in Chile, which owns and operates 290 MW of solar and wind projects.
According to Mercom’s 9M and Q3 Solar Funding and M&A Report, in the first nine months of 2022, there were 207 project acquisitions totaling 52.1 GW, compared to 200 project acquisitions totaling 55.5 GW in the same period of last year.