Qualitas Energy, a leading global investment and management platform with a dual focus on both funding and developing renewable energy, energy transition, and sustainable infrastructure, announced today the signing of an agreement with Greening, a global renewable energy company, to finance the construction of a 90,17 MWp portfolio of solar PV projects located in Spain.

The financing, totalling €34.47 million, will be allocated to the construction, commissioning, and operation of the portfolio, with disbursements linked to the achievement of specific construction milestones across the various projects.

The funding will be provided by the Qualitas Energy Credit Fund I, which was launched in 2024 with a target size of €500 million and has already secured commitments exceeding €200 million.

This transaction marks the fourth investment made by the Fund and the second dedicated to the financing of a renewable energy project in Spain, following the recent agreement to finance a 192 MWp solar PV project. The other two transactions have supported construction bridge financing for solar PV developments in Poland and Germany.

Through this vehicle, Qualitas Energy offers tailored debt solutions for renewable energy infrastructure, encompassing both greenfield and brownfield projects and platforms across various asset classes, including wind, solar, hydro, Battery Energy Storage Systems (BESS), and Renewable Natural Gas (RNG). Its mission is to deliver low-risk, attractive returns while supporting third-party developers or independent power producers (IPPs) in their value-creation process.

About Qualitas Energy
Qualitas Energy is a leading global investment and management platform with a dual focus on both funding and developing renewable energy, energy transition, and sustainable infrastructure. Since 2006, the Qualitas Energy team has dedicated over €14 billion to the energy transition worldwide. These investments have been deployed through five vehicles: Fotowatio / FRV, Vela Energy, Qualitas Energy III, Qualitas Energy IV, and Qualitas Energy V. Qualitas Energy’s existing portfolio currently comprises over 11 GW of operating and development energy assets across Spain, Germany, the UK, Italy, Poland, Chile, and the United States. This includes 7 GWp of solar PV, 4 GW of wind energy, 242 of concentrated solar power (CSP) assets, 136 MW of battery storage, 66 MW of hydroelectric power, and 1.9 TWh of biomethane. Qualitas Energy has produced enough energy to supply 1.2 million homes and has successfully avoided the emission of 1 million metric tons of CO2 equivalent since 2022. The Qualitas Energy team is composed of more than 540 professionals across fifteen offices in Madrid, Berlin, London, Milan, Hamburg, Wiesbaden, Trier, Cologne, Stuttgart, Warsaw, Wroclaw, Santiago, Durham, Bristol, and Edinburgh.