Business World of Renewable Energy

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Cooperation: Q-Energy And EEG Eifel Develop 10 Wind Farms With More Than 300 MW In Germany

Berlin, Germany - The investment and management platform Q-Energy and the wind farm developer EEG Eifel Energiegesellschaft have reached a cooperation agreement. Together, the two companies plan to build 10 wind farms in Rhineland-Palatinate in the region around Trier with 40 new wind turbines and a total capacity of 316 megawatts (MW).

The wind farms are currently at various stages of planning, with one project already in the permitting process and Q-Energy expecting to submit additional permit applications this year.

" We rely on long-term cooperation with local actors and are very pleased that we can continue counting on EEG Eifel as a trusted partner for further project developments. Together we want to unlock the Eifel region’s potential", said Nigel Nyirenda, Head of Project Development at Q-Energy in Germany, welcoming the cooperation. "We will acquire further windfarms with a focus on repowering and will significantly expand our project pipeline in the area of greenfield development in cooperation with local project developers", adds Borja Caruana, Managing Director of Q-Energy Deutschland GmbH. With a view to local acceptance, Q-Energy says it pursues transparent communication at an early stage and proactive involvement of local communities and residents in project development.

About Q-Energy

Q-Energy offers integrated investment and asset management services and manages renewable projects with a capacity of more than 1,600 MW. The portfolio consists of photovoltaic plants with a capacity of 1,000 MW, solar thermal power plants (CSP) with 243 MW, wind farms with a capacity of 325 MW, and battery storage facilities at locations in Germany, Spain, the United Kingdom, Poland, and Italy. Q-Energy also has more than 8,000 MW of assets under development at various stages of completion. In Germany, outside of the now announced cooperation with EEG Eifel Energiegesellschaft, Q-Energy currently operates more than 40 wind farms that are currently being repowered to significantly increase wind power generation in the future.

Q-Energy Deutschland GmbH is part of the Q-Energy Group and, with offices in Berlin, Hamburg and Wiesbaden, focuses on the acquisition, financing, project development, construction and operation of onshore wind turbines. With a team of more than 300 experts, Q-Energy has already invested over 11 billion euros in renewable energy projects worldwide since 2007. This investment has been deployed through four vehicles: Fotowatio / FRV, Vela Energy, Q-Energy III and Q-Energy IV.

Source: IWR Online, 21 Jun 2022