Platina Energy Partners Sold a 30MWp Solar PV Portfolio in Spain to Q-Energy.

Platina Energy Partners LLP (“Platina”) has sold a 30MWp portfolio consisting of four operating solar plants located in Spain (“Portfolio”) to a Spanish investment manager, Q-Energy.  Platina acquired the four solar PV plants, located close to Toledo, Sevilla and Tenerife, and arranged non-recourse long-term financing of the Portfolio with UniCredit, NordLB and Santander in 2008-2009.

Platina has been managing funds investing in renewable energy for the past 17 years. As a pioneer in the field, Platina has deployed €1.3bn, invested in four development platforms and operated more than
740MW of renewable assets. Julia Gubar, Investment Manager at Platina, commented: “We are pleased to have sold the 30MWp solar PV portfolio to Q-Energy as part of our divestment program. The sale comes after a successful senior debt refinancing in 2017. Operating the Portfolio for a decade gave our asset management and investment teams valuable experience in the Spanish market.”

Adrien Pinsard, Partner at Platina, commented: “We remain committed to the Spanish renewable energy market and are now actively looking at the new wave of Spanish solar projects. We see a lot of growth potential in the sector in the years to come. With our new fund, we can be flexible on how we invest and how we partner with developers to realise the value of these projects.”

The Madrid offices of WFW (legal) and PWC (M&A) advised Platina on the sale.


Source: Platina Energy Partners

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