Eversheds Sutherland advises banking syndicate on Sonnedix's hybrid solar and storage financing

Rows of solar panels generating renewable solar energy in large outdoor farm Rows of solar panels generating renewable solar energy in large outdoor farm

Eversheds Sutherland advises banking syndicate on Sonnedix's hybrid solar and storage financing

March 18, 2026

PortugalUnited KingdomGlobal
PortugalUnited KingdomGlobal
PortugalUnited KingdomGlobal
Eversheds Sutherland advised a banking syndicate composed of national and international finance institutions on the financing granted to Sonnedix, the first in Portugal for hybrid solar energy and battery storage projects.

The project, which broadly encompasses the development and acquisition of solar assets across multiple jurisdictions, is among the first financings of this nature carried out with commercial banks in Portugal. The transaction covers two main projects located in the north and centre of the country, comprising a total of 68 MW of photovoltaic capacity and 56 MW of storage.

The Eversheds Sutherland team provided both international and local finance advice. The Portugal team involved in the transaction was led by Ricardo Couto (Partner and Head of the Banking and Finance department) and Pedro Castro Casal (Associate in the Banking and Finance department).

This international financing involved Eversheds Sutherland’s offices in the United Kingdom, Italy and Spain, with the support and international coordination of Mark Dennison (Partner, Energy and Infrastructure Finance, London) and Eunice Wong (Associate, Energy and Infrastructure Finance, London).

For Sonnedix, this financing represents a significant milestone in strengthening its European strategy and commitment to the hybridisation of renewable energy assets.

Find out more here:

Sonnedix completes first financing in Portugal for hybrid battery storage projects

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Industries

Key contacts

RMC

Ricardo Couto

Partner

Lisbon, Portugal

markdennison@eversheds-sutherland.com

Mark Dennison

Partner

United Kingdom

PedroCC

Pedro Castro Casal

Associate

Lisbon, Portugal

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