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Velto will acquire five projects in France totalling 130MW and plans to acquire 400MW in Spain Q Energy has reached an agreement with Velto Renewables for the latter to acquire a portfolio of large-scale renewable energy projects across Europe. As a first step, Velto (backed by CDPQ) has completed the acquisition of a portfolio of five solar and wind projects with a combined capacity of nearly 130MW in France that Q Energy has developed and is constructing. Both partners expect to transact a 400MW portfolio in Spain and Portugal in the coming weeks. The initial portfolio in France comprises two solar, two wind and one floating solar project, called Les Ilots Blandin (pictured). The solar farm will be built on industrial water ponds. These five projects are expected to gradually reach commercial operation date between spring 2025 and early 2026. Lucas de Haro, CEO of Velto, said: This investment, in partnership with Q ENERGY, marks a significant step forward in Velto’s strategic growth. “In addition to tripling our energy capacity, the development aligns with our vision to diversify our technological scope and expand our geographical footprint across Europe.” Junu Lee, CEO of Q ENERGY, added: “This significant partnership with Velto, backed by a leading global infrastructure investor like CDPQ is a testament to Q ENERGY’s sustainability, innovation, and excellence in renewable energy. “It reinforces our position as a trusted leader in the industry, proving that our high-quality solutions continue to attract top-tier partners who share our vision for a cleaner, more sustainable future.” |
