Sonnedix Secures €2 Billion To Expand European Renewables
Sonnedix says it has merged 12 financings into 2, creating a scalable debt platform for efficient expansion
The €2 billion refinancing includes €595 million from CaixaBank and €1.37 billion for 1.2 GW across 5 European markets
Backed by 10 lenders, the move optimizes capital structure, lowers costs, and reduces financial risk
UK-based renewable energy producer Sonnedix has secured €2 billion through 2 major refinancing deals in Europe. This, it says, enhances the company’s financial flexibility to scale its solar, wind, and storage portfolio across key European markets.
Among the 2 transactions is CaixaBank’s €595 million completed in June 2025, which refinanced 154 MW of its Spanish portfolio.
The 2nd transaction, worth €1.37 billion along with an ancillary facility, was completed in July. With this, it could refinance 1.04 GW of existing and new solar PV assets across the France, Italy, Poland, Spain, and Portugal markets.
Sonnedix explained that the deals merge 12 project financings into 2, creating a scalable debt platform to support portfolio expansion and hybridization through efficient capital allocation. It says a diverse group of 10 credible lenders was involved in the refinancing transactions, including both existing and new partners.
These transactions follow the €3.25 billion in refinancing the company raised in December 2024, said Sonnedix’s Chief Financial Officer, Miguel García Mascuñán, who added, “Today’s refinancings are aimed at optimising our capital structure, lowering cost of capital, and reducing risk.”
Sonnedix currently has an over 12 GW portfolio, comprising an almost 7 GW development pipeline across Chile, France, Germany, Italy, Japan, Poland, Portugal, Spain, the USA, and the UK, along with over 4 GW of operating capacity.
.png?w=50&fm=png){kind=logo}