Q-Energy has announced the sale of 73 solar assets in Spain to Caisse de depot et placement du Quebec (CDPQ), a global institutional investor, Kallanish Energy reports.
The assets together have a total capacity of 216 MWp and produce more than 355,000 MWh annually, enough to power 115,000 houses.
The amount of the deal was not disclosed.
The purchase is the Canadian company’s first infrastructure equity investment in Spain.
The deal marks the first step in creating a new CDPQ platform in Spain. The company, headquartered in Montreal, Quebec, said it intends to seek additional renewable assets in Spain.
Q-Energy, with headquarters in Madrid, Spain, will continue to manage, operate and maintain the solar portfolio.
The assets were sold by subsidiary Q-Energy III Fund.
Q-Energy manages more than 150 renewable energy plants in Spain, Italy and Germany, generating more than 1,300 megawatts of power.
It has invested more than EUR 6 billion in the renewable sector since 2007, the company said.
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