CDPQ acquires a 216 MW Spanish PV portfolio from Q-Energy

Canadian investor, Caisse de dépôt et placement du Québec (CDPQ) has purchased from Q-Energy a PV portfolio located in several Spanish regions, that comprises 73 plants which produce over 355,000 MWh annually.

Canadian investor, Caisse de dépôt et placement du Québec (CDPQ) has purchased from Q-Energy a PV portfolio located in several Spanish regions, that comprises 73 plants which produce over 355,000 MWh annually.


The transaction was made via the acquisition of the portfolio companies owning the plants and represents CDPQ’s first energy and infrastructure equity investment in Spain. Q-Energy will continue to manage the assets owned by CDPQ, carrying out the management and supervision of the 73 assets, as well as their operation and maintenance.

CDPQ is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans, with CA$333 billion in net assets. Global renewable energy investment and management platform Q-Energy manages more than 150 renewable energy plants in Spain, Italy and Germany with a total capacity of more than 1,300 MW.

According to Iñigo Olaguibel, founding partner of Q-Energy: "Having CDPQ as the new owner of this portfolio is a clear sign of its commitment to the renewable sector, to Spain and also a great pride for the Q-Energy team, which will be in charge of its long-term management”.


Acting as transaction advisors for CDPQ, Watson Farley & Williams´ Madrid office has advised on all legal aspects, carrying out the due diligence process as well as the drafting and negotiation of the SPA, asset-related agreements and ancillary transaction documents. The team was led by managing partner María Pilar Guijarro and included senior associates Javier Ruffin and Lidia Fernández.

Q-Energy was advised by Cuatrecasas.

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