Velto Renewables to acquire 260 MW of regulated solar projects in Spain from Bankinter and Plenium Partners
17 September 2025
Madrid, 17 September 2025 – Velto Renewables, backed by La Caisse (formerly CDPQ), announced today that it will acquire a 163 MW portfolio of regulated solar projects in Spain from Helia II FCR, an investment vehicle in renewable assets launched in 2018 by Bankinter Investment SGEIC together with its partner Plenium Partners. In addition, Plenium Partners has added its own 97 MW solar portfolio to the broader transaction with Velto.
The combined portfolios include 53 operational assets across various regions, with a total installed capacity of approximately 260 MW. The enterprise value of the transaction is estimated in circa 1,1 billion euros.
The projects generate more than 360 GWh of clean energy annually, avoiding the emission of 36,400 tons of CO₂ and producing enough electricity to power nearly 100,000 households, equivalent to the residential consumption of cities such as Pamplona or Santander.
“This acquisition reinforces Velto’s objective of expanding its presence in the Iberian Peninsula – covering more than 80% of the national territory – while further establishing its position as a leading renewable energy platform in Europe. In addition, the proximity of the new plants to Velto’s existing projects creates opportunities for operational synergies and enhanced efficiency”, said Lucas de Haro, CEO of Velto Renewables.
The deal feeds into the strategy of Plenium Partners and Bankinter Investment to generate value by consolidating assets during the past few years , creating operation and maintenance efficiencies, and optimising their financial structure.
The transaction remains subject to the necessary regulatory approvals and the customary closing conditions for a transaction of this nature.
The main advisors to Bankinter and Plenium Partners were Gómez Acebo Pombo (legal), Enertis (technical), EY (tax), and KPMG (finance); whereas Velto Renewables counted on ING EMEA Energy Transition as financial advisors, Watson Farley & Williams (legal), Vector Renewables (technical), and EY (finance and tax).
About Velto
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 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.
About Plenium Partners
Founded in 2007 and headquartered in Madrid, Plenium Partners is an investment company focused on power and sustainable infrastructure in Europe. The company currently has investments totaling more than €7.5 billion, widely diversified in the field of sustainable infrastructure, including district heating networks, biomethane, self-consumption and distributed generation solutions, student residences, waste management and recycling, as well as other infrastructure assets.
About Bankinter Investment
Bankinter Investment has successfully launched throughout the last nine years, 28 alternative investment vehicles with committed capital from investors exceeding €5.1 billion which, including project financing, currently represents a portfolio of assets under management exceeding €7.4 billion.
The fostering of alternative investment vehicles, in which Bankinter Investment is a leader in Spain and Portugal, has enabled more than 14,700 Spanish and Portuguese investors to co-invest with Bankinter Investment and its partners, with a clear focus on promoting long-term financial savings, diversifying into real assets, optimizing risk-return ratios, and generating lasting value for society.
For more information:
Velto Renewables
+34 913685731
Carolina Morales
+34 636 01 47 93
Bankinter Investment
Gonzalo García Rojas +34 639 160 189
Susana Rodríguez Sánchez +34 648 556 611
Plenium Partners
Alicia Hernández – ahernandez@kreab.com / +34 698198093
Sonia Gil – sgil@kreab.com / +34 635186188
Manuel García Vila – mgvila@kreab.com