Alantra advised COX Energy on the sale of a 70% stake of part of its activities in Chile to Sonnedix
Alantra advised COX Energy, a Spanish renewable energy developer, on the sale of 70% of its activity in Chile to Sonnedix, a solar independent power producer.
The seller, COX Energy, is a renewable energy developer with main activities in Chile and Mexico, followed by Panama and Spain. Its main activity consists of developing solar photovoltaic generation assets, from the identification of locations and obtaining all permits to reaching the RTB (Ready to Build) Stage, where the assets have completed all steps required to start construction, such as obtaining the PPA (Power Purchase Agreement), the Project Finance and closed the EPC Contract (Engineering, Construction and Procurement).
Sonnedix is an independent solar power producer that develops, builds, owns, and operates solar power plants in Italy and internationally. It is majority owned by institutional investors advised by J.P. Morgan Asset Management. The company generates solar power with focus on ground mounts, rooftops, and building integrated photovoltaic systems.