Q ENERGY sells 33MW solar farm to AlphaReal
Q ENERGY has finalized the sale of the 33 MW Whinfield Solar farm to AlphaReal, marking a key milestone in the European renewable energy sector.
| Sectors | Solar Energy, Photovoltaic |
|---|---|
| Themes | Investments & Transactions, Corporate Investment |
| Companies | Q-Energy |
| Countries | United Kingdom |
Q ENERGY recently announced the sale of its 33 MW solar photovoltaic (PV) farm near Darlington in north-east England to AlphaReal. This strategic transaction strengthens Q ENERGY’s position as a major developer of renewable energy projects in Europe, and underlines the growing interest of investors in greenfield assets in the renewable energy sector. The Whinfield Solar project, currently under construction, will be equipped with almost 60,000 ground-mounted solar modules. Once operational, the facility is expected to generate enough electricity to meet the demand of over 8,700 UK homes, reducing carbon emissions by around 8,000 tonnes a year.
Q ENERGY’s development strategy
Martin Kantel, investment manager for Central Europe at Q ENERGY, said, “Whinfield Solar is an important addition to our project portfolio. We anticipate continued demand for renewable energy projects in Europe and are currently developing a pipeline of over 15 GW of green energy projects that will be connected to the grid in the coming months and years.”
AlphaReal’s investment approach
Raza Ali, Director of Renewable Infrastructure Investments at AlphaReal, added: “We are delighted to have acquired this developing solar asset. This acquisition is in line with our diversified investment strategy, which focuses on greenfield assets in the renewable energy sector, including onshore wind turbines and ground-mounted solar installations.” This sale testifies to the strategic importance of investment in renewable energy projects in achieving the commercial and sustainable development objectives of companies in the sector. By pursuing such projects, Q ENERGY and AlphaReal are consolidating their position in the European renewable energy market. The sale of the Whinfield solar farm by Q ENERGY to AlphaReal underlines the importance of strategic investment in renewable energies for the development of the sector. This transaction represents a step forward for both companies, and reflects the growing momentum of investment in renewable energies in Europe.
