Sonnedix has acquired two renewable energy projects in Portugal, taking its total capacity in the country to almost 500MW.
Once complete, the two ready-to-build solar and battery energy storage projects will generate nearly 120,000MWh of clean electricity annually.
This is equivalent to powering almost 40,000 households and avoiding over 42,000 metric tonnes of CO2 per year, the company said.
A notice to proceed has been issued for both new projects, enabling Sonnedix and its EPC contractor, Zagope, to commence construction immediately.
Portugal is home to one of Sonnedix’s largest European projects to date – the 150MW Project Douro (pictured), part of the Oasis portfolio, representing nearly 300MW.
The project successfully achieved mechanical completion this month.
Alongside progressing construction in its portfolio, Sonnedix has strengthened its operating portfolio, including acquiring Project Fado, a portfolio of 49MWp of regulated operating projects, and achieving commercial operation and successful financing of Pombal, a 23MWp regulated plant located in the centre of Portugal.
Sonnedix says the latest acquisitions mark a major milestone in the company’s growth in Portugal since entering the market in 2022.
The company expects its Portuguese capacity to reach 750MW at the end of 2025.
Chief executive Axel Thiemann said: “Portugal is an important and growing market for Sonnedix.
“With a favourable regulatory environment and stable investment signals, Portugal offers strong opportunities for renewable energy producers.
“Sonnedix is well-positioned to capitalise on this potential, leveraging our existing Iberian projects to convert our pipeline, expand our footprint, and hybridise our portfolio to support Portugal’s energy transition.”
Head of growth for Iberia Beatriz Llorente Blanco added: “These two projects are living proof of our long-term commitment to delivering sustainable and innovative energy solutions to the Portuguese market.
“By acquiring projects at the ready-to-build stage, we not only reduce risk but also accelerate timelines and achieve cost efficiencies.
“We made considerable progress in our portfolio in 2024, and looking ahead we are excited by the many prospects, including bringing one of our largest projects in Europe online, which will contribute significantly to Portugal’s transition to a cleaner energy future.”
