Quercus accesses a new source of recurring funding for its growing development activity
LONDON, August 2, 2022 /PRNewswire/ — Quercus Real Assets Limited, (Quercus), a renewable energy specialist based in London focused on international investments in the context of the energy transition, achieved its fundraising objective of €33 million for its first development bond.
Quercus Real Assets Limited: Diego Biasi, co-founder and chairman (PRNewsfoto/Quercus Real Assets Limited)
The proceeds are used to develop greenfield photovoltaic assets in southern Europe with initial emphasis on Spain and Italy. Quercus is targeting a development portfolio of approximately 1.5 GW, twice the size of its last development portfolio (approaching 800 MW) which was sold to investors in January 2022. The first assets are expected to reach the ready-to-use stage. build in the second quarter of 2023, when Quercus will again explore its strategic options in the market.
Quercus is currently marketing its second dedicated development bond which will seek to emulate the successful strategy of its first offering.
Diego Biasithe president of Quercus, said:
“We are delighted to close our first development bond at its fundraising target, representing a new asset class dedicated to a specific set of investors. Our chosen geographies of Spain and Italy builds on the successful exit of our first Spanish development portfolio and is part of the new development strategy pursued by the Group. Our interest will eventually extend to other Southern European countries and sectors of energy transition.”
Note to Editors
About Quercus Real Assets:
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 Luxemburg– capital-based fund that has successfully made over €1 billion in gross investments since inception in five different successful strategies. In January 2020President of Quercus, Diego Biasipartnered with Marco D’Arrò, founder of the Real Asset Group (a capital advisory firm that has raised €3.6 billion in gross investments since inception) to develop and drive Quercus’ business in response to developments in the energy sector.
Since the formation of Quercus Real Assets Limited ten years ago, the company’s strategies have been based on the belief that the creation of long-term environmental and social capital underpins and enhances investor and shareholder 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 more information, visit www.quercusrealassets.com
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SOURCEQuercus Real Assets Limited
