Sonnedix enters into a hybrid hedge agreement with Endesa.

Sonnedix and Endesa have entered into a customized financial agreement to hedge solar and storage investments starting in 2027.

Sonnedix announced that this agreement encompasses 262.8GWh of renewable energy within its portfolio in Spain and Portugal.

The company noted that this marks its first hybrid product, integrating solar photovoltaic production with battery energy storage systems as part of its strategic approach.

The transaction aims to enhance energy management and provide a flexible supply profile that aligns with customer needs.

Sonnedix indicated that this agreement signifies a key milestone in its hybridization strategy and coincides with the launch of its initial battery storage systems.

“This partnership with Endesa illustrates the energy market's shift towards more sophisticated solutions that meet the actual demands of consumers,” stated Axel Thiemann, CEO of Sonnedix.

“The merging of renewable generation and storage is crucial for moving towards a more flexible, efficient, and future-oriented energy system.”

“This kind of customized product signifies progress in structuring renewable supply,” remarked Gregorio Morales Schmid, chief commercial officer of Sonnedix.

“By merging solar generation with storage, we can provide more predictability in supply, optimize energy management, and create long-term value for our customers, while also aiding their decarbonization efforts.”