Velto Renewables, a renewable energy producer and operator backed by global investment group CDPQ, and Q Energy Solutions SE have launched a partnership.
The core objective is to acquire a portfolio of large-scale renewable energy projects in Europe from Q Energy over the next few years. As a first step, Velto has acquired a portfolio of photovoltaic and wind projects with a total capacity of almost 130 MW in France from Q Energy. In addition, both partners plan to transfer a further portfolio of around 400 MW in Spain and Portugal in the coming weeks.
The first portfolio consists of five projects in France, which are currently being built by Q Energy. These are two assets with photovoltaic systems and two assets in the wind energy sector. The portfolio also includes the floating photovoltaic park Les Îlots Blandin in the French region of Haute-Marne. With a capacity of 74.3 MW, this is the largest floating solar plant in Europe to date, according to the companies.
The five projects are expected to start commercial operation in stages between spring 2025 and early 2026. Once the plants are in operation, they are expected to produce a total of more than 210,000 MWh (210 million kWh) of electricity per year and thus supply more than 50,000 households.
