Qualitas Energy and NeXtWind complete the transfer of a wind energy portfolio in Germany
19/12/2023 – Berlin
- Qualitas Energy sells to NeXtWind a 112.5 MW wind energy portfolio, which is in an advanced stage of development
- Following the successful closure of the €2.4 billion Q-Energy Fund V, Qualitas Energy aims to actively contribute to the energy transition in Germany by expanding its portfolio to over 6 GW
Qualitas Energy, a global investment and management platform focused on renewable energy, energy transition, and sustainable infrastructure investment, announced today the successful agreement to sell a 112.5 MW wind energy portfolio to NeXtWind, a leading German renewable energy company specializing in acquiring and repowering onshore wind farms.
Both parties collaborated in a strategic partnership in the early stages of this portfolio, culminating in its successful transfer, with the aim of NeXtWind bringing it to completion.
The portfolio comprises high-quality assets situated throughout Germany, presenting a rare, diversified, and thoroughly de-risked late-stage onshore wind portfolio totaling 112.5 MW. Upon completion of the repowering process, the capacity is expected to increase to approximately 300 MW.
Benefiting from in-house expert teams in project development, EPC (Engineering, Procurement & Construction), technical and commercial operations management, as well as energy management, Qualitas Energy has advanced the development of repowering projects significantly. Several of these projects have successfully passed the approval process and are ready to enter the construction stages. The assurance of quality and timely implementation in the region is upheld through the effective utilization of these capabilities and expertise.
Qualitas Energy focuses on Germany’s energy transition
Qualitas Energy recently finalized the closure of its fifth flagship fund, Q-Energy Fund V, securing €2.4 billion in total. Approximately half of this substantial investment will be allocated to Germany, enabling a dedicated focus on the country’s c. 6 GW repowering and greenfield pipeline. This pipeline comprises over 50 wind projects, encompassing a variety of sizes and stages of development, with a focus on both repowering initiatives and greenfield developments.
With an integrated value chain facilitated by in-house capabilities, Qualitas Energy boasts extensive expertise in the acquisition, development, construction, and operation of onshore wind projects in Germany.
Borja Caruana, Managing Director of Qualitas Energy Deutschland GmbH, states: “Our primary objective is to leverage the workforce capacities to augment the project pipeline by acquiring and developing new wind energy projects. Qualitas Energy remains steadfast in its commitment to advancing the success of renewable energy projects in Germany and fostering the energy transition always in cooperation with the local communities as we have done so far.”
Qualitas Energy Deutschland GmbH is part of Qualitas Energy, which is committed to the transition to a decarbonized economy and focuses on the acquisition, financing, project development, construction, and operation of onshore wind turbines with a team of more than 250 employees in Berlin, Hamburg, Wiesbaden, Trier, Cologne, and Stuttgart.
Qualitas Energy was advised by Dentons (fiscal, legal) and Augusta&Co (financial).
About Qualitas Energy
Qualitas Energy is a leading investment and management platform focused on renewable energy, energy transition, and sustainable infrastructure investment. Since 2006, the Qualitas Energy team has managed investments of more than €11 billion in renewable energy worldwide. These investments have been deployed through five vehicles: Fotowatio / FRV, Vela Energy, Q-Energy III, Q-Energy IV, and Q-Energy V. Qualitas Energy’s existing portfolio currently holds 5 GW of operating and development energy assets, including 3 GW of wind, more than 1 GWp of solar PV, 242 MW of solar thermal power (CSP), 180 MW of renewable natural gas, 63 MW of battery, and 60 MW of hydroelectric power assets across Spain, Germany, the UK, Italy, Poland, and Chile. Since 2020, Qualitas Energy has produced sufficient energy to power 1.54 million homes and, since 2021, has successfully avoided emissions of 1.32 million metric tons of CO2 equivalent. The Qualitas Energy team is composed of more than 650 professionals across twelve offices in Madrid, Berlin, London, Milan, Hamburg, Wiesbaden, Trier, Cologne, Stuttgart, Warsaw, Wroclaw, and Santiago.