Velto Renewables, an independent renewable energy power producer backed by La Caisse (formerly CDPQ), announced that it will acquire a portfolio of regulated solar projects totaling 163 MW from Helia II FCR, an investment vehicle in renewable assets launched by Bankinter Investment SGEIC, along with Plenium Partners.
In addition to the 163 MW portfolio, Plenium Partners has added its own solar portfolio of 97 MW to the transaction with Velto.
The combined portfolio comprises 53 operational projects across multiple regions of Spain, with a total capacity of 260 MW. The enterprise value of the transaction is estimated at €1.1 billion (~$1.3 billion).
Once operational, the projects are expected to generate over 360 GWh of clean energy annually.
The transaction is subject to the receipt of necessary regulatory approvals and the fulfillment of customary closing conditions.
“This acquisition reinforces Velto’s objective of expanding its presence in the Iberian Peninsula – covering more than 80% of the national territory – while further establishing its position as a leading renewable energy platform in Europe. In addition, the proximity of the new plants to Velto’s existing projects creates opportunities for operational synergies and enhanced efficiency”, said Lucas de Haro, CEO of Velto Renewables.
In another recent transaction, Velto Renewables announced the completion of its acquisition of a 9 MWp La Gineste solar project from Q ENERGY, located in La Tourette-Cabardès (Aude), France. The project, which began operations, comprises more than 15,000 photovoltaic modules.
In March, Velto Renewables also announced a partnership with Q Energy Solutions, a European renewable energy company under which the former will acquire a portfolio of renewable energy projects from Q ENERGY across multiple European countries over the coming years.
According to Mercom’s 1H and Q2 2025 Solar Funding and M&A report, approximately 19.9 GW of solar projects were acquired in the first half of 2025, compared to 18.5 GW in the first half of 2024.
