Q Energy has secured a deal with Velto Renewables for the acquisition of a portfolio of large-scale renewable energy projects throughout Europe.
Velto, which is part of CDPQ, has successfully acquired a portfolio of five solar and wind projects in France totalling 30MW in capacity. The projects are currently under construction by Q Energy.
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The two partners anticipate finalising a transaction for a 400MW portfolio in Spain and Portugal shortly.
The first portfolio in France includes two solar projects, two wind projects and a floating solar project known as Les Ilots Blandin. The solar farm will be constructed on industrial water reservoirs.
Velto CEO Lucas de Haro stated: “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.”
The commercial operation dates for the five projects will be reached gradually between spring 2025 and early 2026.
Q ENERGY CEO Junu Lee stated: “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.”
