Velto Renewables completes acquisition and begins operation of Les Îlots Blandin Floating Solar Plant in Haute- Marne

Madrid and Berlin, November 12, 2025 – Velto Renewables announces today the completion of the acquisition from Q ENERGY of Les Îlots Blandin, Europe’s largest floating solar power plant, located in Perthes, Haute-Marne, France.

Having previously held a 50% stake in the project, Velto Renewables now becomes the sole owner of the 74.3 MWp facility extends over 127 hectares and comprises more than 135,000 photovoltaic panels installed on advanced floating structures. The plant will generate renewable electricity equivalent to the annual consumption of approximately 37,000 people, while avoiding over 18,000 tonnes of CO₂ emissions each year.

Les Îlots Blandin illustrates the potential of floating solar technology to convert unused industrial areas into productive renewable assets. By combining innovation, environmental restoration, and regional collaboration, the project strengthens France’s energy transition while supporting sustainable land use.

Following the acquisition, Velto Renewables will manage the long-term operation of the plant. This milestone marks another step in the company’s expansion in France and reaffirms its commitment to delivering renewable energy solutions that create enduring value for both local communities and the environment.

Les Îlots Blandin is part of a larger portfolio being transferred from Q ENERGY to Velto. Last spring, the two companies agreed on a long-term partnership that already provides a framework for further project sales.

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 La Caisse (formerly 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 300 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 550 employees in the Berlin headquarters and further international offices are currently driving a development pipeline of +8.5 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. www.qenergy.eu