CDPQ enters deal with Q-Energy for 216 MW solar portfolio sale

Spanish company Q-Energy has announced the sale of a portfolio of regulated photovoltaic solar assets in Spain to Caisse de dépôt et placement du Québec (CDPQ). 

The portfolio is made up of 73 assets with a total capacity of 216 MWp located throughout Spain. These assets produce over 355,000 MWh annually, which is enough clean electricity to supply more than 115,000 households, or the equivalent consumption of cities such as Valladolid, Alicante, or Córdoba in Spain.

This portfolio of assets was previously owned by the Q-Energy III Fund, which launched in 2018. In just two years this fund has been fully invested and is now in the process of divesting. The closing of this transaction will be finalized over the coming months. Q-Energy has been advised on this transaction by the Royal Bank of Canada and Cuatrecasas, and CDPQ was advised by BNP Paribas and Watson Farley & Williams.