AMG acquires minority stake in Qualitas Energy

May 12, 2025
Facebook
Twitter
LinkedIn
Reddit
Email
Affiliated Managers Group has bought a minority stake in Qualitas Energy.
Affiliated Managers Group has bought a minority stake in Qualitas Energy. Image: Qualitas Energy

Affiliated Managers Group (AMG), a US-based firm that partners with independent investment managers, has bought a minority stake in global renewables investment platform Qualitas Energy to expand its presence in the growing renewable energy market. 

Under the agreement, the UK-headquartered Qualitas Energy will keep majority ownership and continue running the company independently. Additionally, the company’s executives, including executive chairman Iñigo Olaguíbel and CEO Oscar Pérez, have agreed to enter a long-term agreement with the firm. 

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

“Given the increasing focus on energy independence and security in Europe, along with the firm’s distinctive approach, vertically integrated industrial platform, and locally based teams with deep knowledge of their respective geographies. I am delighted to welcome Iñigo, Oscar, and their partners to our Affiliate group,” said Jay Horgen, CEO of AMG. 

The financial details of the deal have not been disclosed, and the transaction is expected to close in the fourth quarter of 2025. 

Qualitas Energy continues solar growth through strategic deals 

Of late, Qualitas Energy has made a series of investments to bolster its solar portfolio. In December 2024, the firm acquired US-based Heelstone Renewable Energy, a solar and storage platform, for an undisclosed amount. The deal included a 20GW portfolio, with most projects in development or ready-to-build, 179MW operational, and 175MW under construction. 

This was followed by the acquisition of a 117 MWp solar portfolio in Poland from ib vogt, consisting of two ready-to-build PV farms. Following this, the firm raised over €200 million (US $216 million) for its Credit strategy in February 2025, which provides debt financing for renewable energy projects across Europe. 

In April 2025, Qualitas Energy signed a €34.47 million financing agreement with Spanish renewable energy company Greening for the construction of a 90 MWp solar PV portfolio in Spain, marking the fourth transaction of its Credit Fund I, which was launched in 2024. 

This was followed by the Spanish firm partnering with French asset manager Mirova to launch a joint venture in Italy aimed at developing 250MW of renewable energy projects, including a large solar PV portfolio. The project aimed to develop 33 solar projects across eight regions, with 53MW already operational and additional capacity expected by the end of 2025. 

The company’s total renewable energy portfolio – including operational and development-stage projects – spans 11GW, including solar PV, wind, energy storage, and hydroelectric power.

Read Next

Premium
October 24, 2025
Marcel Suri explores the datasets that will help improve the accuracy of PV output estimation and drive better performance.
October 24, 2025
The Saudi state-owned renewables developer Masdar has begun construction on a giant solar-plus-storage project in Abu Dhabi.
October 23, 2025
The average price of a solar PPA signed in Europe in Q3 2025 fell below €35/MWh, reaching €34.25/MWh, according to LevelTen Energy.
October 23, 2025
US solar manufacturer T1 Energy sold approximately 725MW of solar modules in Q3 2025, as it continues to expand US manufacturing capabilities.
October 23, 2025
Aviva Investors and Astatine have announced an €800 million (US$928 million) investment in renewable energy and decarbonisation solutions.
October 23, 2025
Spanish power electronics specialist Ingeteam has won a contract to supply inverters and control systems for European Energy Australia's 100MW Winton North solar-plus-storage project in northeast Victoria.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany
Solar Media Events
March 24, 2026
Lisbon, Portugal