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/LONDON, April 23, 2025, 9:30 GMT, RENEWABLE MARKET WATCH™/ Velto Renewables, a renewable power producer backed by the global investment group CDPQ, announced last month that it has entered into a partnership agreement with Q Energy Solutions SE, a significant player in the European renewable energy sector. This partnership aims to acquire a portfolio of large-scale renewable energy projects from Q ENERGY over the coming years, spanning various European countries.

Velto has successfully acquired a portfolio of photovoltaic and wind projects in France, boasting a combined capacity of nearly 130 MW. Both partners anticipate completing an additional transaction involving approximately 400 MW of projects in Spain and Portugal in the coming weeks. The initial portfolio consists of five projects currently under construction by Q ENERGY, all located within France, as follows:

• Two assets with solar photovoltaic technology
• Two assets with wind technology
• One floating photovoltaic park, Les Ilots Blandin, is considered the largest in Europe. The asset is built on industrial water ponds, showcasing innovative technology for sustainable energy production.

These five projects are expected to gradually reach commercial operation 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.”

ABOUT VELTO RENEWABLES

Velto Renewables is a renewable energy independent power producer with a long-term asset ownership strategy. Established in 2020 and backed by the global investment group CDPQ, Velto Renewables is committed to contributing to the decarbonization of the global economy and the European energy transition by investing in and developing an international and multi-technology portfolio of renewable energy projects. Velto currently owns more than 280 MW of operating and under construction solar PV and wind projects in Spain and France, manages a 25% investment in a 630 MW offshore wind farm in the United Kingdom, develops 1+GW of greenfield projects in Iberia, and is seeking to grow its portfolio by becoming a local player in the countries and regions where it invests.

ABOUT Q ENERGY

Q ENERGY is Europe’s provider of holistic solutions for green power plants. The company is active along the entire value chain of renewable energy projects – from solar parks, onshore and offshore wind projects to energy storage solutions and hybrid power plants. More than 450 employees in the Berlin headquarter and further international offices are currently driving a development pipeline of 15 GW across Europe. Building on 25 years of experience and +2.3 GW completed renewable energy assets, Q ENERGY is currently active in Spain, Portugal, France, and Germany as well as in Italy. Together with its independentsister company Hanwha Qcells, Q ENERGY forms the energy division of its mother company and top-tier Korean enterprise Hanwha Solutions Corporation.

The more information and answers to your questions about the European solar photovoltaic market and related content (incl. list of solar energy developers and investors, data, and forecasts), you may read here: Europe Solar Photovoltaic (PV) Power Market Outlook 2025 ÷ 2034

To download the executive summary brochure with sample pages for the European solar power market, please access from here: Europe Solar Photovoltaic (PV) Power Market Outlook – Sample

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