The Caisse de depot et placement du Québec has acquired a portfolio of 73 solar power plants in Spain belonging to Q-Energy.
These facilities produce more than 355,000 MWh of electricity per year, which meets the needs of approximately 115,000 households.
“With this transaction, we are laying the foundations for our renewable energy platform in Spain, which will allow us to gradually increase our presence in this important market and achieve the Caisse’s carbon intensity reduction targets” , said Emmanuel Jaclot, Senior Vice-President and Head of Infrastructures at the Caisse in a press release.
“This first private placement in infrastructure in Spain is an important step in the deployment of the Caisse’s long-term infrastructure strategy in Europe,” he added.
Q-Energy will continue to manage the solar power plants for the Caisse. This includes the operation, monitoring and maintenance of the 73 facilities. Q-Energy manages more than 150 renewable energy assets in Spain, Italy and Germany, which provide more than 1,300 MW of electricity.
The amount of the transaction was not disclosed.