THE PROVEN, GLOBAL, AND SCALABLE SOLAR PLATFORM CONTENT
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Who we are and what matters to us Our ESG performance
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Our footprint Key facts
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What we do Our leadership team
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Environmental, social and governance (ESG) Our offices WE HARNESS THE POWER WHO WE ARE
We are an established Independent Power Producer (IPP) with a proven track record of OF THE SUN TO BUILD successfully designing, financing, building and monitoring high-performance, cost-competitive A BRIGHT FUTURE solar plants around the world. Sonnedix Group is majority owned by institutional investors advised by J.P. Morgan Asset Management.
WHAT MATTERS TO US
Solar energy’s potential to transform daily life drives us to do what we do everyday. It’s what inspires us to build solar plants that endure, to use the most current technologies available to harness the power of the sun, and to work with partners that share our commitment to producing a continuous, reliable and efficient supply of clean energy from the sun.
At Sonnedix, we don’t just talk about revolutionising the energy industry—we do it. We are constantly evaluating multiple regulatory regimes at different phases of integration in the rapidly-expanding global solar market to uncover new opportunities to revolutionise the energy industry. And by applying our global diversification approach to spread our portfolio’s risk across projects, countries and currencies, we’re ensuring that we can continue to do so into the future.
We believe in a world where the future of solar power is limitless and we’re doing everything in our power to get us there sooner. OUR FOOTPRINT
A look into where we are today and where we’ll be tomorrow.
Sonnedix currently has over 200 power plants in operation, construction or the initial stages of planning in 8 countries. But in order to generate enough solar power to reach grid parity around the world and create a sustainable and climate-friendly future for all, we’re continuing to expand.
348.1 MW 251.6 MW 181.9 MW Total Controlled Capacity Total Controlled Capacity Total Controlled Capacity
JAPAN PUERTO RICO SOUTH AFRICA
480.7 MW 125.2 MW 86.2 MW Total Controlled Capacity Total Controlled Capacity Total Controlled Capacity
SPAIN UK
214.0 MW 4.0 MW Total Controlled Capacity Total Controlled Capacity WHAT WE DO
Sonnedix concentrates its value add in the development, construction, production and sale of PV electricity. We source the best available technology to maximise revenue and profit and ensure the sustainability of our PV parks.
BUSINESS DEVELOPMENT
We bring our global view and dynamic approach to problem solving to discover, evaluate and de-risk all aspects of potential projects in OECD markets with supportive regulatory regimes. Our role is to work with developers, brokers, relevant permitting bodies, land owners and internal functional teams, among others, to bring projects to a fully-consented, ready-to-build stage.
PROJECT FINANCING
We organise debt and other non-recourse financing for newly developed or acquired solar projects, as well as optimise financing for the company’s existing project portfolios. Our team is also responsible for raising debt and other non-recourse financing at the best possible terms to ensure Sonnedix’s assets fulfill their required cash yields and rate of returns over the long term. In our role, we work closely with lenders and other outside advisors to structure, negotiate, and close financing transactions with the goal of supporting the business in efficiently, reliably and profitably delivering long-term, effective energy services and solutions.
ENGINEERING & CONSTRUCTION
Our team is mainly composed of engineers and project managers with expertise in technical and technological trends, local codes, rules and regulations, as well as overall construction costs in specific regions. Our core role is to manage the construction process of our plants, including choosing a contractor and providing daily on-site supervision. We also work closely with other Sonnedix teams, operating as one to make and implement decisions quickly. For example, we support our Business Development team in choosing land, performing technical due diligence, and design and yield analysis, as well as our Operations & Asset Management team when we finalise the hand over of finished plants.
OPERATIONS & ASSET MANAGEMENT
Once our power plants transition from construction, or via acquisition, to an operating asset, we’re responsible for driving their performance and managing any associated ownership risks to ensure that our solar energy platforms offer more than others. This means we focus on reducing downtime and operating costs, as well as guaranteeing that the site is WE BELIEVE IN TRANSFORMING well maintained with all the necessary upgrades to ensure continued safety and efficiency. Many of our assets are run on a day-to-day basis by external parties, so we are also closely involved in contract management, including looking for opportunities to optimise expenditures and managing any breaches of performance guarantees within our contracts. THE FUTURE THROUGH SOLAR POWER ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG)
Integrating responsible, forward-thinking corporate policies into our daily business practices is key to us achieving our goal of smartly transforming the sun’s power into clean energy.
It’s what allows us to behave sustainably, ethically and accountably as we develop, finance, build and operate solar plants around the world. It’s also what ensures that we have a positive impact on our people and the environments and communities within which we work.
We focus our corporate policies on three specific areas:
Environmental: Protect, enhance and care for the environments where we build and operate our solar plants.
Social: Support the communities we work in with social and developmental activities, job opportunities and essential provisions.
Governance: Ensure our employees and partners are committed to integrity in action, fairness in conduct and respect for all.
OUR ESG PERFORMANCE
Our efforts have had an impact with GRESB (Global Real Estate Sustainability Benchmark), an independent, investor-driven organisation committed to assessing the ESG performance of real assets globally, awarding Sonnedix a 5-star rating in 2018 and PV Power Generation Sector Leader.
1st RENEWABLE POWER GENERATION: out of 14 Photovoltaic Power Generation
2nd ENERGY GENERATION: out of 63 Renewable Power Generation DOING OUR PART TO BUILD
12th ALL INFRASTRUCTURE A BRIGHT FUTURE FOR ALL out of 280 ASSETS KEY FACTS OUR LEADERSHIP TEAM
We aim to grow sustainably and create value Sonnedix is led by executives with global They work together to ensure Sonnedix by leveraging our prudent capital structure experience in project financing and asset contributes to smartly expanding the adoption and and sponsorship and investing in high-quality management, engineering and operation, and impact of solar power, while growing sustainably, assets with predictable cash flows. We are also every aspect of the renewable energy value chain. profitably, and responsibly. continuously building and executing upon a pipeline of new projects and M&A opportunities. Carlos Guinand Axel Thiemann Stephen Taylor Marissa Corda Chairman of the Board Chief Executive Officer EVP, Global Head of HR EVP, Global Head of Legal 200+ & Compliance SOLAR POWER PLANTS Joern Hackbarth Jimmy Hansson Olivier Renon Maurizio Grassi EVP, Global Head of EVP, Global Head of EVP, Global Head of EVP, Global Head of Engineering & Construction Operations Business Development Mergers & Acquisitions
200+ David Flory Stephen Williams Craig Chapman EVP, Global Head of Chief Financial Officer EVP, Global Head of EMPLOYEES Project Finance Commercial / Optimization
OUR OFFICES
1,691.7 MW AMERICAS CONTROLLED CAPACITY USA Chile Puerto Rico (AS OF MAY 2019) 220 Alhambra Circle Flor de Azucena 42, El Caribe Office Building Suite 410, Coral Gables Oficina 42 53 Palmeras Street, Suite 401 Miami, FL 33134 Las Condes, Santiago San Juan, PR 00901
EUROPE 864.4 MW UK France Italy Spain OPERATIONAL/MECHANICALLY 90 Union Street Espace Performance Viale Francesco Restelli 29 Calle Principe de Vergara SE1 0NW Bâtiment M1 20124 Milano (MI) 108, 12th Floor COMPLETE London, UK 35760 Saint Grégoire 28002 Madrid Via Ettore de Sonnaz 19 ZI Athélia I – bâtiment 10121 Torino (TO) C – 420 rue des Mattes (Sede Legale) 389.9 MW 13 705 La Ciotat cedex UNDER CONSTRUCTION AFRICA ASIA
South Africa Japan 1 Thibault Square 6th Floor, 437.4 MW 19th floor Ryuen Building, Cape Town 8000 1-3-1 Shiba Koen, Minato-ku, *Sonnedix Japan is the trusted operator for UNDER DOCUMENTATION Tokyo 105-0011 investments made by Sonnedix in Japan. SONNEDIX.COM
MAY 2019
THINK SOLAR THINK SONNEDIX