Qualitas Energy raises 2.4 billion euros to invest in energy transition

VERBUND AG

01/11/2023 18:00

By Andres Gonzalez
       LONDON, Nov 1 (Reuters) - Spanish group Qualitas Energy
said on Wednesday it had raised around 2.4 billion euros to
invest in energy transition and renewables, making it one of
Europe's largest funds of its kind.
    The final closing is 50% above the initial target and
slightly above the top limit initially set for the Q-Energy Fund
V, defying a challenging fundraising environment amid rising
interest rates.
    Qualitas said it attracted support from existing limited
partners as well as new investors from Europe, North America,
South America and Asia.
    The firm, which focuses on renewable energy assets, energy
transition, and sustainable infrastructure investment,
particularly in Europe, said that it plans to expand its German
portfolio to over 6 Gigawatts (GW) of capacity within the next
few years.
    Since its foundation in 2006, Qualitas Energy has managed
investments of over 11 billion euros in the field of energy
transition.
    "We take great pride in successfully concluding one of the
largest investment funds focused solely on renewable assets in
Europe, and the largest ever private capital funds in Spain's
history," said Iñigo Olaguibel, Founding Partner and CEO of
Qualitas Energy. 
    Qualitas Energy employs 600 people across eleven offices
Europe and South America. 

 (Reporting by Andres Gonzalez, editing by Anousha Sakoui and
David Evans)
 ((andres.gonzalez@thomsonreuters.com; +44 (0) 7551 790019;
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