Q ENERGY France has successfully raised €159 million ($187 million) in non-recourse project financing to support its renewable energy projects throughout 2024. This funding will facilitate the construction of new plants capable of generating a total of 55 megawatts (MW) of green electricity, significantly contributing to Europe’s clean energy production capabilities.
In April 2025, Q ENERGY completed the construction of Europe’s largest floating solar power plant, following an initial investment of over €50 million. Sébastien Rondel, the head of equity and project finance for Q ENERGY in France, highlighted that this financing reflects the strong confidence that banking partners have in Q ENERGY’s expertise and the quality of its projects aimed at achieving energy transition goals.
Despite the acquisition of all five financed power plants by Velto Renewable in the first quarter of 2025, Q ENERGY will maintain its role as both the Engineering, Procurement, and Construction (EPC) contractor and asset manager for these projects. This ensures continued involvement in the management and operational oversight of the plants.
Q ENERGY operates in multiple countries, including Spain, Portugal, France, Germany, and Italy, and is actively involved in various renewable energy initiatives. The company’s projects encompass solar parks, both onshore and offshore wind developments, energy storage solutions, and hybrid power plants.
Grégory Faillenet, managing director of BPCE Energeco, expressed satisfaction in supporting Q ENERGY’s expansion in France. He noted that the large-scale, multi-technology financing highlights BPCE Energeco’s capability to back investments that promote the transition to renewable energy.
This funding round marks a crucial step for Q ENERGY as it accelerates its efforts in renewable energy development, contributing to Europe’s broader objectives for clean energy production and sustainability.
