Qualitas inks PPA for 494MW Spanish solar

• The agreement for the output from the Mula PV plant in southerly Spain is for 10 years

Qualitas Energy has signed a lasting power purchase agreement (PPA) for output from its 494MW solar plant in Mula, approximately Murcia, in southern Spain.

Qualitas is an investor in the project alongside funds handled by lead companion Northleaf Capital Partners.

With the PPA, the energy produced by Mula will be sold to an IG global energy company for the next 10 years, making it one of the largest PPA bargains backed by a single asset in Europe, specified Qualitas.

In October 2022 Qualitas Energy closed another PPA for the Polish PV plant in Milkowice, with a capacity of 113MW, one of the three largest in the country.

The firm is exploring new PPA opportunities in the marketplace where it is present: Germany, Italy, the United Kingdom, and also Poland.

These countries are the primary financial investment focuses of the fifth flagship fund lately launched, QE V.

This new Qualitas Energy vehicle held a very first close at more than EUR1.1 bn in November 2022 and also has a target size of EUR1.6 bn.

On this transaction, Qualitas Energy was advised by Watson Farley & Williams (legal).