Qualitas Energy has secured approximately €172 million in non-recourse financing for a greenfield solar portfolio in Italy. The portfolio has a combined installed capacity of 158 MWp and comprises 15 solar projects across Italy. The projects are supported by a diversified revenue mix, including FER X, Italy’s incentive mechanism for renewable energy sources, FER X NZIA, the dedicated framework aligned with the EU Net-Zero Industry Act, power purchase agreements, and other support schemes.
The project financing was arranged by CaixaBank, La Banque Postale, and DekaBank. The financing package includes a term loan, ancillary facilities, and an interest rate swap. The financing supports the company’s expanding Italian renewable energy platform, which also includes 65 MWp of ready-to-build assets and a 1 GW wind power development pipeline, with authorisations expected between 2027 and 2028.
In June 2026, Qualitas Energy acquired a 164 MWp solar PV project in Illinois, US. The project, purchased from Bechtel Enterprises, is located within the Midcontinent Independent System Operator (MISO) electricity market. The project is expected to reach notice to proceed in the second quarter of 2028, with commercial operations commencing in the third quarter of 2029. The project has secured 100 per cent site control and other permits.