Avignon/Berlin, 11 January 2024. Q ENERGY, a significant participant in Europe´s renewable power market, pronounces the profitable completion of the sale of a
73.2 Megawatt (MW) portfolio of renewable power initiatives in France to the Italian impartial renewable power producer, ERG.
This strategic transaction marks a major milestone in Q ENERGY’s dedication to creating sustainable energy options whereas additional cementing its place as a key participant within the renewable power sector. ERG, recognized for its dedication to power transition, aligns seamlessly with Q ENERGY’s imaginative and prescient of a greener, extra sustainable future.
“We’re thrilled to announce the sale of our 73.2 MW portfolio of renewable power initiatives to ERG,” said Joshua Lim, Deputy Managing Director of Q ENERGY France. “This collaboration underscores our shared dedication to driving impactful change within the renewable power panorama. It additionally represents a pivotal second for each organizations, as we collectively speed up progress in direction of a extra sustainable and environmentally acutely aware future.”
The acquired portfolio by ERG encompasses two operational photo voltaic PV farms, one within the Gironde space of France and the opposite within the Pyrénées Orientales, with a mixed put in capability of 20.4 MWp, an extra 28.8 MWp photo voltaic challenge in a complicated part of building within the Pays de la Loire area, and a 24 MW wind farm within the closing part of commissioning, following a latest repowering within the Aude area. The overall annual estimated power manufacturing of the portfolio is round 125 GWh, or the equal of 64 kilotons of CO2 emissions prevented.
The 2 PV crops in operation and the wind farm, profit from a tariff regime supported by a 20-year CfD, whereas the manufacturing of the photo voltaic challenge within the Pays de la Loire area, which can enter operation within the second quarter of 2024, is linked to a 15-year PPA signed with a number one French retail firm.
Q ENERGY stays dedicated to sustainability, innovation, and environmental stewardship, aiming to create an enduring affect on Europe´s renewable power panorama.
About Q ENERGY
Q ENERGY is Europe’s supplier of holistic options round inexperienced power energy crops – a trusted companion of shoppers throughout the whole worth chain of renewable power downstream initiatives – from solar-PV to on- and off-shore wind initiatives, to storage options and hybrid energy crops, all the best way to participating in inexperienced hydrogen initiatives. Headquartered in Berlin, Germany, Q ENERGY includes three corporations: Q ENERGY Options SE (Holding), Q ENERGY Europe GmbH (Berlin) and Q ENERGY France SAS (Avignon). Constructing on 20+ years of expertise and a considerable growth portfolio, Q ENERGY is properly established in Spain, Portugal, France, and Germany, whereas at present increasing its enterprise to the Netherlands, the UK, and Italy. Additional European nations will observe. Along with its impartial and famend sister firm Qcells, Q ENERGY varieties the power division of its mom firm and top-tier Korean enterprise Hanwha Options Company.
www.qenergy.eu
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