Qualitas Energy receives $197m for Italian solar PV portfolio

Spanish renewables capitalist Qualitas Energy has received astir €172m ($196.7m) successful non-recourse financing to money a 156MW-peak (MWp) greenfield star photovoltaic (PV) portfolio successful Italy.

The transaction was led by CaixaBank, La Banque Postale and DekaBank.

The financing operation includes a word loan, ancillary facilities and an involvement complaint swap, pursuing a afloat amortising repayment profile.

The star portfolio comprises 15 assets located crossed Italy and is backed by a premix of semipermanent contracted gross streams.

These are made up of FER X, Italy's inducement mechanics for renewable vigor sources; the FER X NZIA strategy aligned with the EU Net-Zero Industry Act; powerfulness acquisition agreements; and different enactment mechanisms.

Qualitas Energy Italy & Business Development spouse Manuel Espinosa said: "This financing represents an important measurement successful the consolidation of our Italian platform, a strategical maturation marketplace for Qualitas Energy.

"The transaction reflects the spot of our integrated concern and improvement exemplary and our quality to operation robust financing solutions for our ain renewable vigor portfolios, supported by diversified revenues and starring organization banking partners."

The secured financing allows Qualitas Energy to fortify its beingness successful Italy arsenic it continues to make a divers renewable vigor platform.

Via Qualitas Energy Fund V, the institution owns aorund 65MWp of ready-to-build assets wrong the country.

Qualitas Energy is besides processing a pipeline of much than 1GW crossed aggregate regions of the country, chiefly focused connected upwind projects, with cardinal permits expected betwixt 2027 and 2028.

Legal proposal to Qualitas Energy was provided by BonelliErede, with method input from Vector Renewables and Kiwa-Moroni. DWF served arsenic ineligible counsel to the lenders.

Qualitas Energy manages a portfolio of 11GW successful operational and development-stage assets.

These span concentrated star power, vigor storage, hydroelectric power, renewable earthy gas, star PV and upwind successful Chile, Germany, Italy, Poland, Spain, the UK and the US.

Last month, Qualitas Energy acquired a 164MWp development-stage star PV task successful Illinois, US, from Bechtel Enterprises.

"Qualitas Energy receives $197m for Italian star PV portfolio" was primitively created and published by Power Technology, a GlobalData owned brand.