Velto Renewables and Q ENERGY Partner on Large-Scale Renewable Projects in Europe

Velto Renewables, a renewable energy producer backed by CDPQ, has partnered with Q Energy Solutions SE ("Q ENERGY") to acquire large-scale renewable energy projects across Europe in the coming years.

As the first step in this collaboration, Velto has acquired a 130MW portfolio of photovoltaic and wind projects in France from Q ENERGY. Additionally, both companies plan to finalize the acquisition of an approximately 400MW portfolio in Spain and Portugal in the coming weeks.

The initial portfolio in France includes five projects currently under construction by Q ENERGY:

• Two solar photovoltaic projects

• Two wind energy projects

• Les Îlots Blandin, Europe’s largest floating photovoltaic park, built on industrial water ponds to demonstrate innovative, sustainable energy solutions

These projects are expected to begin operations between spring 2025 and early 2026, generating over 210,000 MWh annually, enough to power more than 50,000 households.

Lucas de Haro, CEO of Velto, emphasized the strategic importance of this investment:"This partnership with Q ENERGY not only triples our energy capacity but also strengthens our technological diversity and expands our European presence."

Junu Lee, CEO of Q ENERGY, highlighted the significance of the collaboration:"Teaming up with Velto, supported by a global investor like CDPQ, reaffirms Q ENERGY’s leadership in sustainability and innovation. It underscores our commitment to delivering high-quality renewable solutions and attracting top-tier partners for a cleaner, more sustainable future."