Q ENERGY raises €159m for renewable energy projects
Q ENERGY France has secured significant funding to advance its renewable energy initiatives, with a total of €159m ($187m) raised in non-recourse project financing throughout 2024.
The financial boost is set to enhance Europe's clean energy production capabilities by supporting the construction of new plants designed to generate 55MW of green power.
The company achieved a major milestone in April 2025 by completing the construction of Europe's largest floating solar power plant, backed by an initial investment exceeding €50m.
The subsequent arrangement and syndication facilitated by BPCE Energeco culminated in long-term bank loans amounting to €109m provided by project companies for two wind and two solar ventures in December.
Q ENERGY head of equity and project finance France Sébastien Rondel stated: “This financing demonstrates our ability to mobilise our banking partners, who have once again placed their trust in Q ENERGY's experienced teams and the quality of our projects to achieve the energy transition objectives.”
Despite Velto Renewable acquiring all five financed power plants in the first quarter of 2025, Q ENERGY will continue its involvement as both the EPC contractor and asset manager.
Q ENERGY is active in Spain, Portugal, France, Germany and Italy. The company is engaged in renewable energy projects such as solar parks, onshore and offshore wind projects, energy storage solutions and hybrid power plants.
BPCE Energeco managing director Grégory Faillenet stated: "BPCE Energeco is pleased to support the deployment of Q ENERGY in France. This new large-scale, multi-technology financing demonstrates BPCE Energeco's strong capacity to support its customers and their investments aimed at promoting the energy transition.”
"Q ENERGY raises €159m for renewable energy projects" was originally created and published by Power Technology, a GlobalData owned brand.
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