Paul Hastings, a leading global law firm, announced today that it advised Sonnedix on the establishment of a new 50/50 joint venture platform company, Sonnedix Power Holdings Ltd., to pursue opportunities in the attractive, rapidly expanding global solar market. Institutional investors involved in the joint venture were advised by J.P. Morgan Asset Management.
The joint venture platform currently operates 17 power plants with 117MW of installed capacity across France, Italy, Spain, Thailand and Puerto Rico. It also has a portfolio of 18 projects representing over 600MW of projects in pre-construction stages in Japan, Puerto Rico, Chile, U.K. and South Africa. The joint venture anticipates a total commitment for the operating and development projects of more than €300 million.
Sonnedix is an Independent Solar Power Producer that develops, builds, owns and operates solar power plants globally.
The Paul Hastings team was led by corporate partner Brett King
, with support from associate Josefina Bautista
. Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.