Wedoany.com Report-Sept. 7, Q ENERGY has achieved debt financial close for its Taurus B portfolio, consisting of seven solar photovoltaic (PV) plants across Spain with a total capacity of 251.71MWp. These projects, currently under construction, will be integrated with battery energy storage systems (BESSs). Taurus B is the company’s first independent power production initiative on the Iberian Peninsula.

Taurus B represents Q ENERGY’s debut independent power production initiative on the Iberian Peninsula.

Once completed, the portfolio is expected to supply electricity to approximately 131,000 households, while reducing annual carbon dioxide (CO₂) emissions by more than 93,000 tons. Q ENERGY will act as the sole owner and is responsible for ownership, engineering, procurement, construction, and operations and maintenance of the projects.

The solar facilities are spread across three provinces in northern and southwestern Spain. Among them, the Brovales solar farm in Extremadura is nearing completion. With a capacity of 52MWp, Brovales is projected to power about 27,000 households and cut CO₂ emissions by around 23,000 tons annually.

Another major component of the portfolio is a cluster of three solar plants located north of Carmona in Seville. With a combined capacity of 105MWp, this group will be the largest within Taurus B. It is scheduled to begin operations in the second half of 2026 and is expected to supply electricity to 54,000 households, reducing CO₂ emissions by over 36,000 tons per year.

The Zaratan cluster in Castile and León includes three adjacent solar plants. Together, they are expected to generate electricity for approximately 50,000 households, with an annual CO₂ reduction estimated at 33,000 tons. Completion of the Zaratan facilities is planned by the end of 2026, alongside a 75MW BESS installation at the same location.

Mitsubishi UFJ Financial Group and BNP Paribas acted as lead arrangers for the financing. The transaction was structured with an emphasis on risk management, using nonrecourse debt raised at the holding company level and cross-collateralisation among the projects to secure favorable financing terms.

Q ENERGY chief investment officer Terry Lee commented: “The successful financing once again underlines the robust planning of our projects, which not only rely on PV, but also offer further attractive revenue opportunities in combination with BESS.”

The Taurus B portfolio highlights Q ENERGY’s strategic expansion in Spain’s renewable sector. By combining large-scale PV generation with storage systems, the initiative aims to enhance grid stability and provide sustainable electricity for households across the country. With significant reductions in carbon emissions projected, the portfolio supports Spain’s broader renewable energy development goals and underscores the growing role of solar power in the Iberian Peninsula.