Quercus Real Assets Limited (Quercus), a London based specialist focusing on international investments within the Energy Transition, has advised a Luxembourg affiliate on accumulating a sizeable portfolio of PV development projects in Spain.
This portfolio, approaching a capacity of 800MW, has been built through a series of acquisitions. The first assets will be ready to build at the end of 3Q 2021 with energisation occurring approximately 12 months later. The milestone marks an important step towards an ambitious growth plan for the benefit of investors and the development of clean energy infrastructure in the region. Quercus is currently exploring strategic options for this portfolio, which represents one of its Southern European development initiatives.
Diego Biasi, the Chairman of Quercus, said:
“We are delighted with our progress in expanding our presence in Spain – a promising and growing market for investments that meets our strategic objectives. This transaction represents our first announcement since the exit of our €1bn fund platform and furthers our objective of placing long-term environmental and social capital through sustainable investments”.
