Spanish renewables investor Qualitas Energy has reached an agreement to acquire Cero Generation’s core European platform from Macquarie Group, adding a 5.8 GW portfolio of solar PV and battery energy storage system (BESS) projects to its assets (Qualitas Energy press release, 07/09/2026). The portfolio comprises more than 2 GW of projects that are already operational, under construction or ready to be built, as well as a further 3.8 GW of projects currently in development across the United Kingdom, Italy and Spain.
Cero Generation is an European independent power producer (IPP) focused on the development, construction and operation of solar PV and BESS projects. Founded by Macquarie Group in 2021, the company has operated as a stand-alone Macquarie portfolio company since its establishment. “Cero Generation operates an integrated, in-house model across the full project life cycle, from development and construction through to operations. These capabilities closely align with Qualitas Energy’s vertically integrated industrial model”, according to the press release.
Following completion of the transaction, the acquired business will retain the Cero Generation brand and operate as an independent portfolio company under the ownership of Qualitas Energy. The deal is expected to be completed in the coming months, subject to customary conditions.
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