Ambiente
Quercus Delivers 26% Return to Bondholders through a Permitting Development Green Bond
The bond was issued with a view to invest in the permitting process of solar photovoltaic projects in Southern Europe . Quercus, amongst other activities, concentrated mainly on the Spanish market and accomplished one of the largest transactions in the European solar industry since 2020 through the development and sale of a portfolio totalling more than 800 Mw of projects, which, at current prices, requires an investment of roughly 700 million euros in total capital expenditure to reach operational stage.
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The bond was launched during a period when interest rates were negative or close to zero, and a total return of 26% in less than three years shows a remarkable achievement for the English renewable energy house.
Quercus is expanding its permitting development activities in several regions of Southern Europe as a first step into the build-up of a new portfolio of solar plants operating in grid parity.
" " Diego Biasi explains.
In addition to solar energy, Quercus is examining additional renewable energy market segments. Recently the company added two senior managers with experience in the fund investment and renewable infrastructure construction industry to its team in
Europe .
Note to Editors
Quercus Real Assets Limited is a renewable energy specialist focused on energy transition investments, with offices in London and Dubai .
Diego Biasi and Simone Borla founded Quercus by establishing a Luxembourg -based fund which successfully completed over €1bn in gross investments from inception in five different successful strategies. In January 2020 , Diego Biasi started to steer Quercus's business in response to the evolution of the energy sector into a more diversified strategic investment approach. Quercus has successfully completed over 40 deals up to date.
Since creation of Quercus over a decade ago, the strategy of the company has been founded on the belief that the creation of long-term environmental and social capital underpins and strengthens investors' and shareholders' returns. Quercus is committed to developing business opportunities and supporting responsible investments for sustainable income and capital returns while contributing to a carbon-neutral future.
For further information, please visit www.quercusrealassets.com
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