Canadian pension fund clinches Spanish solar procurement

• Canada-based institutional capitalist Caisse de depot et positioning du Quebec (CDPQ) has shut the procurement of a 216MW solar profile located in a number of Spanish areas.

CDPQ acquired the portfolio from Q-Energy, which makes up 73 plants which produce over 355,000 megawatt-hours each year.

This investment becomes part of CDPQ's efforts to set up a renewables platform in Spain, which will look for to aggregate further sustainable properties.

Adhering to the sale, Q-Energy will certainly continue to offer thorough administration of the possessions, executing day-to-day operations, monitoring and upkeep of the 73 solar farms.

Q-Energy takes care of greater than 150 renewable resource plants across Spain, Italy as well as Germany, creating over 1300MW of power.

Watson Farley & Williams (WFW) advised CDPQ on all legal facets of the offer, carrying out the due persistance process in addition to asset-related arrangements and supplementary transaction documents.

The WFW Madrid power team suggesting CDPQ was led by company companion and workplace head Maria Pilar Garcia Guijarro.

Pilar claimed: "We are proud to advise CDPQ on its first equity investment in the energy as well as framework market in Spain and expect have the opportunity of collaborating with them on more purchases.

" The Spanish market provides a series of chances for lasting institutional investors like CDPQ. Our knowledge of the Spanish market and of its policies and key players, settings us as the go-to firm for intricate legal suggestions in the field."