Velto Renewables and Q ENERGY launch a partnership to acquire renewable energy projects in Europe

Madrid (Spain) and Berlin (Germany), 10 March 2025 – Velto Renewables (“Velto”), a renewable power
producer backed by global investment group CDPQ, today announced a partnership agreement with Q
Energy Solutions SE (“Q ENERGY”), a major player in renewable energy in Europe, seeking to acquire a
portfolio of large scale renewable energy projects across different European countries from Q ENERGY
over the next years. As a first step, Velto has completed the acquisition of a portfolio of photovoltaic and
wind projects with a combined capacity of nearly 130MW in France, and both partners expect to transact
additional c. 400 MW portfolio in Spain and Portugal in the coming weeks.

The initial portfolio is made up of five projects currently under construction by Q ENERGY, all located in
France:
• Two assets with solar photovoltaic technology
• Two assets with wind technology
• One floating photovoltaic park, Les Ilots Blandin, considered the largest in Europe. The asset is
built on industrial water ponds, showcasing innovative technology for sustainable energy
production

These five projects are expected to gradually reach commercial operation date between spring 2025 and
early 2026. Once fully operational, these assets will be able to produce over 210,000 MWh annually, which
is enough clean electricity to supply more than 50,000 households.

Lucas de Haro, CEO of Velto said: “This investment, in partnership with Q ENERGY, marks a significant
step forward in Velto’s strategic growth. In addition to tripling our energy capacity, the development aligns
with our vision to diversify our technological scope and expand our geographical footprint across Europe.”

Junu Lee, CEO of Q ENERGY, added: “This significant partnership with Velto, backed by a leading global
infrastructure investor like CDPQ, is a testament to Q ENERGY’s sustainability, innovation, and excellence
in renewable energy. It reinforces our position as a trusted leader in the industry, proving that our high-
quality solutions continue to attract top-tier partners who share our vision for a cleaner, more sustainable
future.”

ABOUT VELTO RENEWABLES
Velto Renewables is a renewable energy independent power producer with a long-term asset ownership
strategy. Established in 2020 and backed by the global investment group CDPQ, Velto Renewables is
committed to contributing to the decarbonization of the global economy and the European energy transition
by investing in and developing an international and multi-technology portfolio of renewable energy projects.
Velto currently owns more than 280 MW of operating and under construction solar PV and wind projects in
Spain and France, manages a 25% investment in a 630 MW offshore wind farm in the United Kingdom,
develops 1+GW of greenfield projects in Iberia, and is seeking to grow its portfolio by becoming a local
player in the countries and regions where it invests.
For more information, visit veltorenewables.com.

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 450 employees in the Berlin headquarter
and further international offices are currently driving a development pipeline of 15 GW across Europe.
Building on 25 years of experience and +2.3 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, visit www.qenergy.eu.

For more information

Velto Renewables
+34 913685731
info@veltorenewables.com

Q ENERGY Solutions SE
Corporate Communications
Amanda Baudry, Christian Köhn
+33 661 490 611 / +49 172 1033138
media@qenergy.eu