Qualitas Energy has signed a long-term power purchase agreement (PPA) for output from its 494MW solar plant in Mula, in the region of Murcia, in southern Spain. Qualitas is an investor in the project alongside funds managed by lead partner Northleaf Capital Partners. Through the PPA, the energy generated by Mula will be sold to an IG global energy company for the next 10 years, making it one of the largest PPA deals backed by a single asset in Europe, stated Qualitas. In October 2022 Qualitas Energy closed another PPA for the Polish PV plant in Milkowice, with a capacity of 113MW, one of the three largest in the country.
The company is exploring new PPA opportunities in the markets where it is present: Germany, Italy, the United Kingdom, and Poland. These countries are the main investment focuses of the fifth flagship fund recently launched, QE V. This new Qualitas Energy vehicle held a first close at more than €1.1bn in November 2022 and has a target size of €1.6bn. On this transaction, Qualitas Energy was advised by Watson Farley & Williams (legal).
Credits: renews.biz [Image: Unplash/Antonio Garcia]