Two wind power projects and two solar projects by Q ENERGY France were financed in December 2024 thanks to a transaction arranged by BPCE Energeco, which also acted as syndication agent. The provision of long-term bank loans totalling €109 million by the project companies involved enabled the construction of new plants to generate 55 MW of green energy.
“This financing demonstrates our ability to mobilise our banking partners, who have once again placed their trust in Q ENERGY’s experienced teams and the quality of our projects to achieve the energy transition objectives,” says Sébastien Rondel, Head of Equity & Project Finance at Q ENERGY France.
“BPCE ENERGECO is pleased to support the deployment of Q ENERGY in France. This new large-scale, multi-technology financing demonstrates BPCE ENERGECO’s strong capacity to support its customers and their investments aimed at promoting the energy transition”, adds Grégory Faillenet, Managing Director of BPCE Energeco.
159 million financed in 2024, operations in design for 2025
In total, Q ENERGY France has raised over €159 million in non-recourse project financing in 2024. Following the successful completion of an initial financing operation of over €50 million, which made possible the construction of Europe’s largest floating solar power plant in April, Q ENERGY drew on the expertise of its teams to secure these loans from another major market player at the end of the year. Although Velto Renewable acquired all five of the financed power plants in the first quarter of 2025, Q ENERGY will remain involved in these projects as the EPC contractor and asset manager. With a substantial financing portfolio planned for 2025, Q ENERGY aims to build on the momentum established in 2024 to replicate this type of transaction.
The advisors involved in the transaction
Lender:
- Legal documentation: De Gaulle Fleurance & Associés
- Legal audit: Jeantet
- Technical audit: Synéria
- Insurance: Marsh
- Market price: Aurora
Borrower:
- Legal documentation: Linklaters
- Financial advice: Tevali Partners
About Q ENERGY
Q ENERGY is Europe’s provider of holistic solutions for green power plants. The company is active along the entire value chain of renewable energy projects – from solar parks, onshore and offshore wind projects to energy storage solutions and hybrid power plants. More than 550 employees in the Berlin headquarters and further international offices are currently driving a development pipeline of +11 GW across Europe. Building on more than 25 years of experience and 2.5 GW completed renewable energy assets, Q ENERGY is currently active in Spain, Portugal, France, and Germany as well as in Italy. Together with its independent sister company Hanwha Qcells, Q ENERGY forms the energy division of its mother company and top-tier Korean enterprise Hanwha Solutions Corporation.
For more information: www.qenergy.eu
About BPCE Energeco
Part of BPCE, the 2nd largest banking group in France, BPCE ENERGECO is the subsidiary of BPCE Lease dedicated to players in the energy transition. Thanks to its strong technical expertise, BPCE ENERGECO holds a leading position in the financing of renewable energies, in all mature and innovative technologies. Since 2003, we have been supporting major groups and SMEs alike in this energy transition. Our ambition is to work alongside project developers to create innovative, committed financing solutions tailored to each project.
For more information: www.lease.bpce.fr/energies-renouvelables
Press Contacts
Q ENERGY France
Carmen Lepadatu
+33 7 72 24 97 59
carmen.lepadatu@qenergy.eu
BPCE Energeco
Philippe Beaumont
+33 6 87 55 38 54
philippe.beaumont@bpce.fr