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24-11-2020

Eversheds Sutherland advises Sonnedix on its €100m partnership with Amundi Energy Vertes

Eversheds Sutherland has advised Sonnedix on a partnership with Amundi Energy Vertes, which will  see significant further investment by Sonnedix of over €100m in Europe’s solar photovoltaic (PV) market.

The partnership allows Sonnedix to invest in a mix of solar projects across Europe, which includes existing and planned assets due to be acquired into Sonnedix’s growing portfolio. Sonnedix’s sale of a minority stake to, and joint venture agreement with, Amundi Energy Vertes is expected to formally complete before the end of 2020.

A cross-border team from Eversheds Sutherland’s Global Energy Group advised Sonnedix on the partnership, in relation to the agreement of the minority interest sale, joint venture arrangements and framework for future acquisitions into a new entity, jointly held by Sonnedix and Amundi Energy Vertes.

Sonnedix is a global solar independent power producer which began operations in 2009. It currently operates more than 260 solar PV sites in eight countries, with a total controlled capacity of 1.9GW. Amundi Energy Vertes is an investment vehicle jointly owned by Amundi SA and Crédit Agricole Assurances.

 

Eversheds Sutherland advises Sonnedix on its €100m partnership with Amundi Energy Vertes 

Eversheds Sutherland has advised Sonnedix on a partnership with Amundi Energy Vertes, which will  see significant further investment by Sonnedix of over €100m in Europe’s solar photovoltaic (PV) market. 

The partnership allows Sonnedix to invest in a mix of solar projects across Europe, which includes existing and planned assets due to be acquired into Sonnedix’s growing portfolio. Sonnedix’s sale of a minority stake to, and joint venture agreement with, Amundi Energy Vertes is expected to formally complete before the end of 2020. 

A cross-border team from Eversheds Sutherland’s Global Energy Group advised Sonnedix on the partnership, in relation to the agreement of the minority interest sale, joint venture arrangements and framework for future acquisitions into a new entity, jointly held by Sonnedix and Amundi Energy Vertes.

 

Eversheds Sutherland’s cross-border team was led by Stephen Hill, supported by Ben Jones, Partner, Tax; Helen Mackey, Principal Associate, Tax; Will Glover, Senior Associate, Corporate; and Francisco Pimentel, Associate, Corporate.

The team was supported in Europe by Jacques Bouillon, Partner, Projects; and Charles Bresson, Senior Associate, Corporate, in France; Miriam Van Ee, Partner, Corporate in  the Netherlands; Carlos Pemán, Partner, Restructuring; David Williams, Of Counsel, Corporate; and Marta Vizcaino Martin, Council, Corporate, in Spain; and Alessandro Greco, Partner and National Head of Antitrust and Competition; Alessandro Vischi, Partner, Corporate; and Daniela Viaggio, Of Counsel, Projects, in Italy.

 

Sonnedix is a global solar independent power producer which began operations in 2009. It currently operates more than 260 solar PV sites in eight countries, with a total controlled capacity of 1.9GW. Amundi Energy Vertes is an investment vehicle jointly owned by Amundi SA and Crédit Agricole Assurances.

 

 

Alessandro Greco, Partner
Alessandro Vischi, Partner
Daniela Viaggio, Partner

This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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