Q Energy France has closed €109 million in long-term debt financing to support the construction of four renewable energy projects with a combined capacity of 55 megawatts, the company said on Tuesday.
The financing, completed in December 2024, was arranged and syndicated by BPCE Energeco. It covers two wind farms and two solar power plants. Q Energy will continue to provide engineering, procurement and construction (EPC) services, as well as asset management.
“This financing demonstrates our ability to mobilise banking partners, who have once again placed their trust in Q Energy’s experienced teams and the quality of our projects,” said Sébastien Rondel, head of equity and project finance at Q Energy France.
The four assets were acquired in early 2025 by Velto Renewable, a renewable energy investment platform.
Grégory Faillenet, managing director at BPCE Energeco, said the transaction illustrates the lender’s “capacity to support large, multi-technology investments for the energy transition.
The deal is part of a broader funding push by Q Energy, which raised €159 million in non-recourse project finance during 2024. This included €50 million for what the company described as Europe’s largest floating solar project, commissioned in April.
Q Energy said it intends to maintain a similar pace of financing activity in 2025, supported by a growing project pipeline.
Legal and financial advisers on the transaction included De Gaulle Fleurance & Associés, Jeantet, Synéria, Marsh and Aurora for the lenders, and Linklaters and Tevali Partners for Q Energy.
