PRESS RELEASE
18 August 2025

A&O Shearman Leads Sonnedix Through EUR1.37 Billion Refinancing Of European Solar Asset

AO
A&O Shearman

Contributor

A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets. This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength. Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations. Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
A&O Shearman advised global renewable energy producer Sonnedix on its second major refinancing transaction, valued at EUR1.37bn.
United States

A&OShearman advised global renewable energy producer Sonnedix on its second major refinancing transaction, valued at EUR1.37bn. This deal covers a portfolio of 1,040MW of both existing and new solar photovoltaic (PV) assets across France, Italy, Poland, and Spain.

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.

Contributor

A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets. This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength. Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations. Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.

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