A&O Shearman leads Sonnedix through EUR1.37 billion refinancing of European solar asset

Building on a previous refinancing completed in December 2024, this latest transaction consolidates a dozen separate project financings into its debt platform. This streamlined structure was designed to support Sonnedix’s ongoing portfolio expansion, and the implementation this year shows its flexibility and efficacy in continuing to scale its multi-technology portfolio across Europe.

Sonnedix is a global renewable energy producer with over a decade-long trajectory of sustainable growth. Sonnedix develops, builds, and operates renewable energy projects for the long-term, with a focus on providing green, affordable electricity to its customers, and acting as a true social citizen there where it operates. Sonnedix currently has a total capacity of over 12GW, including a development pipeline of almost 7GW, across Chile, France, Germany, Italy, Japan, Poland, Portugal, Spain, USA, and UK.

“The size and intricacies of this transaction required a highly skilled, multi-jurisdictional team, and A&O Shearman has once more demonstrated its ability to deliver innovative refinancing solutions for its clients,” said Jocelyn Land, lead A&O Shearman energy and infrastructure partner. “We are proud to support Sonnedix as they continue scaling their portfolio and investing in new growth opportunities.”

The A&O Shearman team was led by London-based partner Jocelyn Land, with key support from Paris-based partners Driss Bererhi and Tzvetomira Pacheva on energy and infrastructure aspects, Madrid-based partner Vanessa Cuellas and Milan-based partner Pietro Scarfone, and Warsaw-based partner Tomasz Kawczynski on finance; senior associates Nuria Ferre, Marco Mazzola, and Anna Pawelec; associates Roman Aleksandravicius, Luis Espejo, Estrella Gomez, and Joon Ku Kang; and Paul Bernard, Antonio Bussolino, Aleksander Czura, John Hobbs, Anis Kerrouche, Zuzanna Mazur, and Rananjay Singh-Rathore.