Q Energy France has raised €109m in long-term debt to finance the construction of four renewable energy projects totalling 55MW.
The financing, closed in December 2024, covers two wind farms and two solar plants, and was arranged and syndicated by BPCE Energeco.
“This financing demonstrates our ability to mobilise banking partners, who have once again placed their trust in Q Energy’s experienced teams and the quality of our projects,” said Sébastien Rondel, head of equity and project finance at Q Energy France.
BPCE Energeco managing director Grégory Faillenet said the deal highlights the lender’s capacity to back large, multi-technology investments for the energy transition.
The four projects were acquired in early 2025 by Velto Renewable.
Q Energy will remain involved as EPC contractor and asset manager.
The company raised a total of €159m in non-recourse project finance during 2024, including €50m for Europe’s largest floating solar project commissioned in April.
Q Energy plans to maintain the pace of financing activity in 2025 with a substantial pipeline under preparation.
Advisers on the latest deal included De Gaulle Fleurance & Associés, Jeantet, Synéria, Marsh and Aurora for the lenders, and Linklaters and Tevali Partners for Q Energy.