Investing in the future

Qualitas Energy specializes in investing in regulated and long-term contracted energy infrastructure to achieve compelling risk-adjusted returns. Our primary goal is to secure stable and predictable cash flows over the long term, minimizing correlation with market fluctuations.

Our investment focus encompasses both greenfield and brownfield projects, spanning onshore wind, solar PV, CSP, renewable natural gas, BESS, and hydroelectric power.

Geographically, we target low-risk OECD countries across Europe and the Americas. This strategic approach allows us to mitigate regulatory risks by selecting stable political and regulatory environments, along with favorable regulatory sub-segments.

Qualitas Energy V

Year
2022

Size

€2.4bn

Status

Closed and in investment

On November 15, 2022, Qualitas Energy V reached a first close at EUR 1.1 billion in capital commitments received – putting it on track to reach its target fund size of EUR 1.6 billion. On November 2, 2023, it held a final close at EUR 2.4 billion, surpassing the initial EUR 2.3 billion hard cap.

This makes QE V one of the biggest renewable energy funds in Europe and the biggest private markets fund in Spain, where the firm started its inaugural operations in 2006.

Qualitas Energy V is a global institutional fund that invests in brownfield and greenfield solar photovoltaic (PV), concentrated solar power (CSP), wind, BESS, renewable natural gas, and hydroelectric power assets in low-risk OECD countries in Europe -Spain, Germany, the UK, Poland, and Italy- and the Americas – Chile and the United States.
Commitments
Commitments to the Fund span over 800 investors globally, with nearly full re-ups from previous investors, and above-market standard participation from the management team as well.

This growth has been propelled by a global diversification of the investor base, marked by the addition of over 30 new institutional investors, including pension and insurance funds, global consultants, university endowments, and asset managers, among others. This broad investor base also encompasses family offices, and a broad range of individual investors. Notably, the investor base represents a mosaic of over 30 nationalities hailing from European countries, the Americas, and Asia-Pacific, representing an increase of more than 50% from the previous fund, Qualitas Energy IV.
Type of energy

Solar Photovoltaic
344 MW in Operation
5.2 GW in Development

Wind
66 MW in Operation
2 GW in Development

Energy Storage
57 MW in Development

RNG
180 MW in Development

Hydroelectric Power
60 MW in Operation

*Historical MW

MAP PORTFOLIO V

Qualitas Energy IV

Year
2020

Size

€1.1bn

Status

Closed and partially divested

Qualitas Energy IV is a global institutional fund that invests in brownfield and greenfield solar photovoltaic (PV), concentrated solar power (CSP), wind, and BESS assets in Spain, Germany, the UK, Poland, and Italy.

This entails the continuation of the investment activity undertaken by Qualitas Energy III, while expanding its geographical scope.

Qualitas Energy IV achieved commitments from investors across Europe, the Americas, Asia, and Australia. The fund’s investor base has been expanded on this occasion, providing extensive access to international investors, with more than 90% of investors from previous funds joining. It primarily comprises family offices, insurance companies, pension funds, and university endowments.
Type of energy

Solar Photovoltaic
265 MW in Operation
3,654 MW in Development

Thermosolar
242 MW in Operation

Wind
209 MW in Operation
1,518 MW in Development

Energy Storage
6 MW in Operation

*Historical MW

MAP PORTFOLIO 07 1

Qualitas Energy III

Year
2018​

Size

€416m​

Status

Closed and divested

Qualitas Energy III invests in over 90 brownfield, repowering and greenfield solar and wind assets in Spain and Germany. The Qualitas Energy team also manages the assets and conducts the operations and maintenance tasks, to optimize performance.
Type of energy

Wind
140 MW in Operation
300 MW in Development

*Historical MW

MAP PORTFOLIO 08 1

Qualitas Energy II (Vela Energy)​

Year
2014​

Size

€268m

Status

Closed and divested

Vela Energy emerges as a result of a consolidation strategy involving over 60 distressed operational solar photovoltaic (PV) assets in Spain, orchestrated by Qualitas Energy in partnership with Centerbridge Partners, LLP.

Vela Energy was acquired by Sonnedix in 2017.
Type of energy

Solar Photovoltaic
136 MW in Operation

*Non regulated by the CNMV
*Historical MW

MAP PORTFOLIO V

Qualitas Energy I (Fotowatio)

Year
2006​

Size

€214m

Status

Closed and divested

Fotowatio is a premier solar development and ownership platform operating on a global scale. Qualitas Energy, in collaboration with General Electric, leads the way in constructing a robust portfolio and pipeline, as well as managing operations. This has enabled them to establish a prominent market position in the initial stages of solar photovoltaic (PV) and concentrated solar power (CSP) assets across Spain, the United States, Italy, and Australia.

Fotowatio was acquired by Abdul Latif Jameel Energy and Environmental Services in 2015.
Type of energy

Solar Photovoltaic
1,800 MW in Development

Thermosolar
260 MW in Operation
180 MW in Development

*Non regulated by the CNMV
*Historical MW
MAP PORTFOLIO 10 1

Our investment focus encompasses both green and brownfield projects, spanning onshore wind, solar PV, CSP, renewable natural gas, BESS, and hydroelectric power.

Geographically, we target low-risk OECD countries across Europe and the Americas. This strategic approach allows us to mitigate regulatory risks by selecting stable political and regulatory environments, along with favorable regulatory sub-segments.

Qualitas Energy V

Year

2022

Size

€2.4bn

Status

Closed and in investment

Type of energy

Solar Photovoltaic

Wind

RNG

Energy Storage

Hydroelectric Power

Qualitas Energy IV

Year

2020

Size

€1.1bn

Status

Closed and in divestment

Type of energy

Solar Photovoltaic

Wind

Thermosolar

Energy Storage

Qualitas Energy III

Year

2018

Size

€416m

Status

Closed and in divestment​

Type of energy

Solar Photovoltaic

Wind

Qualitas Energy II

Year

2014

Size

€268m

Status

Closed and divested

Type of energy

Solar Photovoltaic

*Non regulated by CNMV

Qualitas Energy I

Year

2006

Size

€214m

Status

Closed and divested

Type of energy

Solar Photovoltaic

Thermosolar

*Non regulated by CNMV

Access our website on your computer to see the MW in operation and under development for each fund.