Nexwell Acquires 248 MWp Solar Assets from Q Energy

Nexwell Power, a Renewable energy investment platform, has acquired a 248 MWp solar portfolio from Q Energy, a spanish energy service provider and an affiliate of Berlin- based Hanwha Group.

The portfolio includes a total of seven solar plants across Andalusia and Aragon, the regions in Spain. Out of these seven, four are under construction and expected to come live by early 2026. These are 72 MWp Andújar projects located in Andújar (Jaén), the 26 MWp Silverio plant in Guadalcázar (Córdoba), and the 45 MWp Mudéjar project located near Samper de Calanda and Híjar (Teruel).

Other three projects hail from Zaragoza and are in an advanced development phase. These three projects – Peñaflor 1, Peñaflor 2, and Peñaflor 3 – will together add 105 MWp to the portfolio.

Producing a total of 500 GWh of clean energy annually, the seven solar PV projects are potent to produce enough electricity to power 142,000 households. 

Miguel Muñoz, COO of Nexwell Power, stated, “It (the acquisition) reinforces our commitment to net-zero targets through cutting-edge solar PV and high-capacity hybrid systems. With this investment, we’re deepening our footprint in Aragon – a fast-emerging hub for large-scale tech and data centers – by delivering customized energy solutions, as reflected in our recent PPAs with a leading US technology company.”

Nextwell Power has been quite active in expanding its renewable portfolio in recent times. In March this year, Nextwell signed long-term Power Purchase Agreements (PPAs) with a subsidiary of one of the largest tech companies in the US with data centers worldwide to source the supply of approximately 2,921 GWh of renewable electricity and green certificates through 2040.

Q Energy is active along the entire value chain of renewable energy projects – from solar parks, onshore and offshore wind projects to energy storage solutions and hybrid power plants. It is currently active in Spain, Portugal, France, Germany, and Italy. The company has a development pipeline of more than 11 GW across Europe and 2.5 GW of completed projects.