Investment platform Qualitas Energy has agreed to sell a German wind energy portfolio to NeXtWind.
Both parties collaborated in a strategic partnership in the early stages of the 112.5MW portfolio, culminating in its successful transfer, with the aim of NeXtWind bringing it to completion.
The late-stage onshore wind portfolio comprises assets throughout Germany.
Upon completion of the repowering process, the capacity is expected to increase to approximately 300MW.
Qualitas Energy said it has advanced the development of repowering projects significantly, with several of these projects successfully passing the approval process and are ready to enter the construction stages.
Qualitas Energy Deutschland managing director Borja Caruana said: “Our primary objective is to leverage the workforce capacities to augment the project pipeline by acquiring and developing new wind energy projects.
“Qualitas Energy remains steadfast in its commitment to advancing the success of renewable energy projects in Germany and fostering the energy transition always in cooperation with the local communities as we have done so far.”