Q ENERGY has done it again, closing debt financial successfully on its ambitious ‘Taurus B’ portfolio. This achievement is no small feat for the firm. This portfolio consists of seven solar photovoltaic (PV) plants located across three provinces in Spain. Together, they have a total capacity of 251.71 megawatts peak (MWp). Located in southern Portugal, Q ENERGY’s project represents the asset manager’s first independent power production (IPP) venture on the Iberian Peninsula. This combined initiative will provide enough renewable electricity to power approximately 131,000 homes.
The seven solar plants within the Taurus B portfolio are set to be completed by the end of 2026, contributing to the decline of carbon emissions in the region. In addition to constructing these solar plants, Q ENERGY is developing an innovative 75MW battery energy storage system (BESS) facility adjacent to them. This project will increase the energy produced efficiency and reliability.
Overview of the Taurus B Portfolio
The Taurus B portfolio includes a combination of existing and under construction solar facilities, strategically sited to maximize the potential of Spain’s wealth of solar resources. We have a unique opportunity with a large cluster of three PV solar plants under construction just north of Carmona in Seville. With a combined capacity of 105MWp, these plants are scheduled to come online in the second half of 2026. This cluster is expected to produce enough electricity to power about 54,000 homes, more than fulfilling the needs of the local power grid.
The portfolio is purposefully crafted to provide significant environmental justice, climate, economic, and other benefits. These solar plants will reduce emissions of CO₂ by about 93,000 tons per year. This landmark reduction sets an important precedent, paving the way for Spain to fully embrace a greener energy future. The Brovales solar farm in Extremadura is nearing completion. This large-scale project will provide an important boost to Q ENERGY’s renewable energy portfolio.
Commitment to Sustainable Energy
Q ENERGY’s investment in the Taurus B portfolio further showcases its commitment to maximizing economic and environmental value through sustainable energy solutions. By connecting the BESS facility with conventional PV technology it maximizes energy generation. This unique combination creates the opportunity for exciting new revenue streams.
“The successful financing once again underlines the robust planning of our projects, which not only rely on PV but also offer further attractive revenue opportunities in combination with BESS.” – Terry Lee, Q ENERGY chief investment officer.
All solar plants are well disconnected throughout the North and South West of Spain. This diversity means that Q ENERGY can produce the most energy possible, regardless of stormy or sunny conditions. This strategic move fosters energy independence. Furthermore, it is an important tool for decreasing the carbon footprint associated with the generation of electricity.
Future Prospects
Once completed, the Taurus B portfolio will produce enough electricity to serve about 131,000 homes. With this strategy, Q ENERGY is positioning itself as a major player on Spain’s renewable energy scene. We’re excited to see this project racing ahead in tandem with efforts around the world to combat climate change. It’s an incubator that advocates for sustainable practices in the energy industry.