Sonnedix Group has acquired a 5.4MW solar plant from Element Power Solar located in St Martin Lalande, near Carcassonne, France, for an undisclosed sum.
The 5.4MW ground-mounted facility has been generating electricity since February 2011 and is expected to generate in excess of 6,000 Mwh per year.
Element Power Solar will continue to manage plant operations through its Element Power Asset Management division.
Sonnedix chairman Franck Constant said the company is delighted to be strengthening its French portfolio of already 5 PV power plants with this latest cash-accretive acquisition which reinforces economies of scale across its French portfolio.
"This acquisition shows our commitment to our selected markets in the long run and to projects of superior quality such as this one which has been developed, built and managed by Element Power Solar," said Constant.