Canadian institutional fund manager Caisse de dépôt et placement du Québec (CDPQ) has acquired a portfolio of 73 Spanish solar plants from renewables investor Q-Energy.
Utility enlists telecoms giant Telefónica for 10-year deal while asset manager lines up bond package from UK-based investor Pension Insurance Corporation.
Group managing £1.135 trillion says it was drawn by Spain’s ‘supportive regulatory regime’ as it spent €120m to help refinance Q-Energy’s operational portfolio.