Q Energy has partnered with Velto Renewables to sell large-scale renewable energy projects across Europe.
As part of this agreement, Velto, backed by CDPQ, has acquired a 130MW portfolio of solar and wind projects in France developed by Q Energy.
This initial transaction is expected to be followed by selling approximately 400MW of projects in Spain and Portugal in the coming weeks.
The French portfolio includes two solar, two wind, and one floating solar project called Les Ilots Blandin, which is considered Europe’s largest floating solar initiative.
Built on industrial water ponds, these five projects are expected to become operational between spring 2025 and early 2026.
Once fully commissioned, they are projected to generate over 210,000 MWh of clean energy annually, enough to power more than 50,000 homes.
Lucas de Haro, CEO of Velto, 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.”
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.”
