Project Finance Brief: Queequeg Secures Funding for 500 MW of Solar Portfolio in the UK

Intersect Power secures $2.6 billion in solar plus storage project financing

November 28, 2021

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Queequeg Renewables (QQR), a solar project developer, has secured equity funding for a 500 MW solar project portfolio across the UK through a joint venture with Energy Transition Partners (ETP), a private equity investment firm. The two companies have formed a strategic partnership to co-develop the ready-to-build ground-mounted solar projects. The ETP-QQR Energy Ltd venture will fully fund the portfolio in England, Scotland, and Wales. The first tranche of the projects totaling 200 MW is expected to enter the planning stage while remaining in late 2022.

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