-- Sonnedix said Tuesday it has entered into a financial agreement with Endesa for a tailor-made hedge covering 262.8 gigawatt-hours of solar photovoltaic and battery storage systems.
The bespoke structural agreement aims to manage long-term exposure from Sonnedix's solar photovoltaic generation and battery energy storage system positions starting in 2027, the company said.
The agreement represents the firm's first hybrid financial product combining renewable output with storage, signaling a move toward integrated energy solutions, Sonnedix said.
The transaction covers Sonnedix's renewable assets in Spain and Portugal and will be supported by battery storage to improve energy optimization and supply flexibility, the company said.
Such hybrid structured products are gaining traction as they better align renewable generation with demand, enhancing grid stability and delivering greater value to energy systems, Sonnedix said.
The deal marks a key milestone in Sonnedix's strategy to integrate storage into its renewable portfolio and offer advanced solutions for large electricity consumers, the company said.
The initiative coincides with the rollout of Sonnedix's first battery storage systems, reinforcing its push toward hybrid energy capabilities, the company said.
Sonnedix operates about 12 GW of capacity across ten countries and continues to expand its renewable portfolio alongside developing integrated energy products, the company said.