Eversheds Sutherland Advised Banking Syndicate on Sonnedix's Hybrid Solar and Storage Financing

Eversheds Sutherland Advised Banking Syndicate on Sonnedix's Hybrid Solar and Storage Financing

Eversheds Sutherland advised a banking syndicate composed of national and international finance institutions on the financing granted to Sonnedix, the first in Portugal for hybrid solar energy and battery storage projects.

The project, which broadly encompasses the development and acquisition of solar assets across multiple jurisdictions, is among the first financings of this nature carried out with commercial banks in Portugal. The transaction covers two main projects located in the north and centre of the country, comprising a total of 68 MW of photovoltaic capacity and 56 MW of storage.

For Sonnedix, this financing represents a significant milestone in strengthening its European strategy and commitment to the hybridisation of renewable energy assets.

The Eversheds Sutherland team provided both international and local finance advice. The Portugal team involved in the transaction was led by Ricardo Couto (Partner / Head of the Banking / Finance Department) and Pedro Castro Casal (Associate in the Banking / Finance Department).

This international financing involved Eversheds Sutherland’s offices in the United Kingdom, Italy and Spain, with the support and international coordination of Mark Dennison (Partner / Energy / Infrastructure Finance / London) and Eunice Wong (Associate / Energy / Infrastructure Finance / London). 

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