Sonnedix has raised €2.0 billion through two refinancing transactions in Europe. The first deal, completed in June, was provided by CaixaBank and structured as a non recourse project financing, including project bonds. Valued at €595 million, it refinanced 154 MW of Sonnedix’s regulated Spanish portfolio.

The second, finalized in July and including a complementary credit line, amounted to €1.37 billion. It refinanced 1,040 MW of photovoltaic solar assets—both existing and new—across France, Italy, Poland, Spain, and Portugal.

These two transactions consolidate 12 prior project financings into just two, creating a scalable debt platform designed to support future strategic growth, hybridization, and efficient capital deployment across Sonnedix’s portfolio.

A diverse group of 10 reputable lenders, including both existing partners and new institutions, participated in the transactions.

According to Sonnedix, these operations follow a previous €3.25 billion refinancing in December and further strengthen the company's financial flexibility and capacity to expand its multi-technology portfolio, including solar, storage, and wind, across Europe.

CEO Axel Thiemann said that “by freeing capital through refinancing, we can accelerate the development of clean energy projects, generating greater impact more quickly.”

CFO Miguel García Mascuñán added that “today’s refinancings are aimed at optimizing our capital structure, reducing capital costs and risk. They adopt a structure similar to our larger, innovative refinancings announced in December 2024, where we secured €3.25 billion. It’s especially encouraging to see continued support from our existing banking partners alongside new institutions. This reflects growing confidence not only in Sonnedix’s growth strategy but also in the long term value of well structured, large scale renewable assets.”