As a first step, Velto has completed the acquisition of a portfolio of photovoltaic and wind projects with a combined capacity of nearly 130MW in France, and both partners expect to transact additional c. 400 MW portfolio in Spain and Portugal in the coming weeks.
The initial portfolio is made up of five projects currently under construction by Q ENERGY, all located in France:
These five projects are expected to gradually reach commercial operation date between spring 2025 and early 2026. Once fully operational, these assets will be able to produce over 210,000 MWh annually, which is enough clean electricity to supply more than 50,000 households.
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.”
