Q Energy has completed the sale of a 73MW portfolio of renewable energy projects in France to the Italian independent renewable energy producer ERG.
The portfolio acquired by ERG encompasses two operational solar farms, one in the Gironde area of France and the other in the Pyrenees Orientales, with a combined installed capacity of 20.4MW, a 28.8MW solar project in an advanced phase of construction in the Pays de la Loire region and a 24MW wind farm in the final phase of commissioning, following a repowering, in the Aude region.
The two solar plants in operation and the wind farm benefit from a tariff regime supported by a 20-year CfD, while the solar project in the Pays de la Loire region, which will enter operation in the second quarter of 2024, is linked to a 15-year power purchase agreement (PPA) signed with a leading French retail company.
“We are thrilled to announce the sale of our 73.2 MW portfolio of renewable energy projects to ERG,” said Joshua Lim, Deputy Managing Director of Q ENERGY France.
“This collaboration underscores our shared dedication to driving impactful change in the renewable energy landscape.
“It also represents a pivotal moment for both organisations, as we collectively accelerate progress towards a more sustainable and environmentally conscious future.”