en.Wedoany.com Reported - Sonnedix has completed €67 million in financing for four solar projects under construction in Spain and Italy.

The financing was arranged jointly by Banco Santander, Banco Sabadell, BBVA, Rabobank, CIBC, and NatWest.

Specifically, the Sonnedix Duquesa project in Spain (with an installed capacity of 25 MW) received an €11 million loan, expected to become operational in the second half of 2026, with plans to equip a battery energy storage system in a subsequent phase. Three projects in Italy received a total of €56 million, including the 38 MW Sonnedix Latina 3, the 18 MW Sonnedix Cascinetto, and the 21 MW Sonnedix Cisterna. These Italian projects are part of the Dolce Vita portfolio and will receive support under the FER X scheme, with subsidies secured through 20-year contracts for difference guaranteed by GSE.

Sonnedix CFO Miguel A. García Mascuñán stated that the completion of this financing strengthens its ability to continuously develop high-quality renewable energy projects in strategic markets such as Spain and Italy, and also reflects the confidence of financial institutions in its long-term growth strategy and the strength of its European portfolio. Sonnedix Global Head of Project Finance Daniel Machuca noted that the cross-border nature of this financing, requiring simultaneous completion in two jurisdictions, made the operation particularly complex, but it demonstrates the company's ability to design efficient solutions to support portfolio development.

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