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Sonnedix announces completion of French portfolio refinancing

Sonnedix France SAS, an independent solar power producer, is pleased to announce the completion of the non-recourse debt refinancing of a portfolio of six solar parks at a total value of Euro 203 million.

Sonnedix  group 's CEO Andreas Mustad commented "This is the largest solar PV financing completed in France this year and it demonstrates the strength and quality of our portfolio.

The refinancing has allowed us to benefit from the current favourable market conditions, free-up cash, reinforce the long-term stability of our French fleet and create real value for our shareholders.  We are delighted to extend our relationship with Natixis and add two new international-class lenders to our group".

Emmanuel Gillet-Lagarde, Head of Europe at Natixis Global Infrastructure & Projects, said, "We are very pleased to have successfully closed this refinancing in a challenging timeframe.  This is the result of a close cooperation with the company.  This transaction strengthens our relationship with the Sonnedix group, which we intend to support in its development on a worldwide basis".

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