Q-Energy, a global investment and management company in renewable energy, has held the final closing of its fourth fund, Q-Energy IV, with an investment capacity of EUR1.1 billion in equity, which will allow the manager to mobilise more than €5 billion into the sector including debt.
Q-Energy launched its fourth fund in May 2020, and within two months it reached a First Closing of €360 million. Subsequently, it received commitments above its initial target size of €800 million, leading to its Final Close of €1.1 billion on 30 June 2021. Investors (mainly family offices, insurance companies, pension funds and university endowments) from European Union countries, the Americas, as well as Asia and Australia, have participated in the Fund. The investor base has expanded further in this Fund, giving entrance to a number of new international investors, adding to refreshed commitments from over 90 per cent of existing investors from previous Q-Energy funds.
“We are delighted to welcome almost all of our existing investors once again, as well welcoming new commitments from large international partners of prestige. We hope to continue creating great value for them all, while also continuing our efforts to deploy capital into the development of an economy that is more committed and respectful of the planet and future generations to come,” says Iñigo Olaguíbel, Managing Partner of Q-Energy.
Q-Energy IV will focus in developing new renewable plants, the repowering and modernisation of assets at the end of their useful life, as well as on securing the operational and financial optimisation of large plants in countries within the European Union. Additionally, the Fund will undertake other investments related to the energy transition such as energy storage, grid network management, hydrogen production and biofuels.
