Qualitas Energy, formerly known as Q-Energy and a prominent renewables-focused investment and management platform, has announced the signing of a significant long-term virtual power purchase agreement (vPPA) for 27 MWp of its solar photovoltaic portfolio in Italy.
The agreement, signed with Salesforce, a global leader in CRM (Customer Relationship Management), spans 15 years. Salesforce will procure renewable energy generated by these assets, contributing to its commitment of maintaining 100% renewable energy operations, a milestone achieved in 2021.
“While vPPAs are less common in Italy compared to other EU countries, our innovative approach enables us to offer solutions that support clients like Salesforce in achieving their sustainability goals,” stated Carlos Gutiérrez, Vice President of Portfolio Management at Qualitas Energy.
Qualitas Energy’s portfolio in Italy currently includes 26 MWp connected to the grid, with an additional 34 MWp under construction and projects in development totaling 1.4 GW.
In parallel, Qualitas Energy has closed financing totaling approximately 55 million euros. This funding covers assets under the vPPA and additional projects, forming a comprehensive portfolio of 12 photovoltaic solar assets across Italy with a total installed capacity of 53 MWp.
The financing has been classified as “green” under the Green Lending Principles established by the Loan Market Association, endorsing initiatives that promote environmental sustainability. Santander Corporate & Investment Banking played a crucial role as Mandated Lead Arranger, Green Loan and Sustainability Coordinator, and coverage provider.
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