Qualitas Energy sells wind and PV assets to VERBUND AG, paving the way for further investments in renewable energy in Spain and beyond
09/05/2022 – Madrid
- The transaction includes regulated and operational photovoltaic assets, with a total installed capacity of 82 MWp and an extensive development platform (wind and PV)
- Important milestone within Q-Energy’s Strategic Plan to accelerate the energy transition with investments of €9 billion in renewable energy sources, energy storage and distribution projects by 2025
- Q-Energy IV is almost 100% invested or committed; Fundraising for Q-Energy V to start soon
Q-Energy, a global investment and management platform focused on renewable energy, energy transition and sustainability, has sold a portfolio of operational projects and assets under development in the Castilla La Mancha region and Andalusia to Austria’s largest electricity provider VERBUND AG. The transaction includes regulated and operational photovoltaic assets, with a total installed capacity of 82 MWp and an extensive development platform of 4,500 MW (wind and PV), together with its development team.
The deal forms part of Q-Energy’s Strategic Plan, which aims to accelerate the energy transition with investments of €9 billion in renewable energy sources, energy storage and distribution projects by 2025.
Q-Energy is currently investing its fourth fund, Q-Energy IV, which focuses primarily on new renewable energy plants, the repowering and modernization of end-of-life assets, as well as the operational and financial optimization of large-scale plants across the EU. Q-Energy IV, which closed in June 2021 with total investment commitments of €1.1 billion, is almost 100% invested or committed and Q-Energy expects to fully deploy the fund during 2022.
Iñigo Olaguibel, CEO of Q Energy, said: “We are pleased to hand over this portfolio of operational projects and assets under development to such an experienced partner as VERBUND AG, with whom we share the same values. This successful divestment will enable us to continue our investments in renewable energy sources in Spain and internationally, reinforcing our commitment to driving the change towards a decarbonized economy. This will be further enhanced by our new fund, for which we will soon start raising funds, targeting both Spanish and international institutional investors and family offices.”
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 more than 5 GW of operating and development energy assets, including more than 3 GW of wind, more than 1 GWp of solar PV, 242 MW of solar thermal power (CSP), 180 MW of renewable natural gas, 108 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 600 professionals across eleven offices in Madrid, Berlin, London, Milan, Hamburg, Wiesbaden, Trier, Cologne, Stuttgart, Warsaw, and Santiago.