SUBSCRIBE
PROFILE

Q ENERGY closes financing for seven hybrid solar plants in Spain

Q ENERGY secures financing for 252 MW of solar projects in Spain, marking its first independent power producer operation on the Iberian Peninsula.

Share:

Gain full professional access to energynews.pro from 4.90$/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90$/month*

No commitment – cancel anytime, activation in 2 minutes.

START NOW — 4.90$/month

*Special launch offer: 1st month at the indicated price, then 14.90 $/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99$/year*

To access all of energynews.pro without any limits

SUBSCRIBE — 99$/year

*Introductory annual price for year one, automatically renewed at 149.00 $/year from the second year.

Sign up for free to unlock this article

Q ENERGY has completed the financing of a portfolio of seven photovoltaic plants in Spain, with a total capacity of 251.71 MWp. The financing was structured as non-recourse debt at the holding company level, with Mitsubishi UFJ Financial Group and BNP Paribas acting as lead arrangers. All projects are under construction and will be equipped with battery energy storage systems, currently in development.

A first IPP portfolio for Q ENERGY in Iberia

This is Q ENERGY’s first independent power producer (IPP) portfolio on the Iberian Peninsula. The company acts as sole owner, engineering, procurement and construction (EPC) contractor, and operations and maintenance (O&M) provider across the entire portfolio. The expected output of the facilities will, according to projections, supply around 131,000 Spanish households.

The projects are located in three provinces in northern and southwestern Spain, enabling natural diversification of weather conditions, solar yield, and grid access. This geographical spread helps to mitigate operational risks linked to renewable power generation.

A financial structure designed to reduce risks

The financial setup is based on a “hard maxi-perm” structure, with cross-collateralisation between projects. This mechanism allows for optimised financing conditions while ensuring stronger economic resilience.

Revenues are secured by 10-year fixed-profile power purchase agreements (PPAs). These contracts shield the portfolio against negative or zero market prices observed in Spain, as well as against technical curtailments imposed by the grid operator. Even in the event of curtailment, the projects will continue to benefit from the predefined contractual tariff.

Storage backing up solar generation

Each site will gradually be hybridised with battery energy storage systems (BESS), strengthening the portfolio’s flexibility and opening additional revenue streams through grid services.

Q ENERGY’s Chief Investment Officer Terry Lee stated that this transaction “highlights the robustness of the financial structuring and the company’s ambition in the Iberian market.”

  • Popular on energynews.pro
Sweden commits $20.2bn in loans to boost civil nuclear power
German Greens oppose nuclear project linking Framatome to Rosatom
Statkraft files application to increase production at Alta by 20%
TVA and Type One Energy target a 350 MWe fusion power plant
Endesa connects 24 MW wind farm in Spain after complete modernisation
EMBER: Mexico could cover 90% of its electricity demand with solar
According to a new study, Mexico could produce up to 90% of its electricity with solar and batteries, but costs above the global average are slowing this energy shift.
Nigeria launches a 1 GW solar factory with a tripartite partnership
A joint venture between InfraCorp, Nigeria’s Rural Electrification Agency and Dutch company Solarge BV will build a solar panel factory with a capacity of 1 gigawatt.
Mostostal Warszawa commissions 18.3 MW solar power plant in Janikowo
Polish company Mostostal Warszawa has completed an 18.3 MW photovoltaic plant in Janikowo for PLN28.79mn ($6.67mn), integrated into a hybrid project combining solar and wind power at a shared grid connection point.
Entech secures €14mn contract for agrivoltaic power plant in Mayenne
Entech wins its largest photovoltaic project with a €14mn contract to build and maintain a 30 MWp plant in Mayenne, scheduled for commissioning in 2027.
GreenYellow installs 700 kWc solar plant for Dupol Next in Zanica
GreenYellow has signed an agreement with Dupol Next for the construction of a self-consumption solar power plant at the industrial site in Zanica, northern Italy.
GreenYellow installs 653 kWc solar plant on CMC industrial site in Poland
GreenYellow has signed an agreement with manufacturer CMC to build a 653 kWc rooftop solar plant for self-consumption at its Andrychów site, strengthening its presence in Poland's industrial sector.
Daikin assigns ENGIE to supply solar power to its Texas sites under five-year deal
Japanese manufacturer Daikin has signed a five-year agreement with ENGIE North America to supply solar electricity to its Texas sites, including its main North American production centre.
Meyer Burger gives up on rescue amid Chinese pressure and US uncertainty
Facing falling Chinese prices and unstable energy policies in the United States, Swiss solar module manufacturer Meyer Burger announces the end of its recovery efforts.
Acciona Energía deploys a 412MWp solar plant in Rajasthan
Acciona Energía has completed the commissioning of its largest plant in India, a 412MWp solar facility capable of powering 840,000 households annually.
Macquarie injects $350mn to support Nexamp’s solar and storage expansion in the United States
Macquarie Asset Management has granted $350mn in financing to Nexamp to accelerate the development of large-scale solar and battery storage projects across the U.S.
Three groups launch Taqa to produce solar energy locally in Ramallah
Three economic institutions based in Ramallah have founded a company named Taqa to develop renewable energy production in the region, with no connection to the Emirati company of the same name.
Global solar photovoltaic installers market to reach $651bn by 2030
The solar photovoltaic installers sector will grow by 15 % annually through 2030, driven by residential demand, public incentives and increasing integration into urban projects.
Release by Scatec expands hybrid solar plants to 64.4 MW in Cameroon
The Norwegian subsidiary has launched the second phase of its projects in Maroua and Guider, bringing total capacity to 64.4 MW of solar and 38.2 MWh of storage with an annual target of 141.5 GWh.
ACWA Power secures 800MW in Morocco with technical support from Gotion High-Tech
ACWA Power secures the NOOR Midelt 2 and 3 solar-storage project in Morocco, outbidding European and Emirati competitors, with decisive backing from Gotion High-Tech’s storage technology.
QatarEnergy awards Samsung contract for 2,000 MW solar plant in Dukhan
QatarEnergy has signed a contract with Samsung C&T to build a solar power plant in Dukhan, set to reach 2,000 MW capacity by 2029, doubling the country’s solar output.
Billion Watts launches 2026 solar-storage project in Australia with six more planned
Billion Watts begins construction on its first solar-plus-storage project in Australia, scheduled for 2026, relying on an international consortium and a strategy focused on the volatility of the national electricity market.
Longroad Energy secures financing for its 400 MW solar project in Texas
Longroad Energy has closed financing and started construction of the 1000 Mile Solar project in Texas, with a capacity of 400 MWdc, supported by Meta and an international banking consortium.
Sunrun raises $510mn through new securitization, surpassing $1.5bn in quarterly debt
Sunrun completed its fifth securitization deal of 2025, bringing non-recourse debt raised in the third quarter to over $1.5bn.
Odyssey receives $7.5 million from BII to fund solar mini-grids in Nigeria
Odyssey Energy Solutions secures $7.5 million from British International Investment to support access to solar equipment under Nigeria’s DARES programme.
Cameroon boosts solar capacity with additional 28.6 MWp in Maroua and Guider
The Cameroonian government launches the extension of two solar plants in the Far North, increasing their combined capacity to 64.4 MWp, with support from international investors.

Log in to read this article

You'll also have access to a selection of our best content.