Legal & General invests $130 million in Qualitas Energy’s Spanish solar projects

LGIM Real Assets, a part of Legal & General Investment Management (LGIM), has provided $130.3 million funding to refinance one of Qualitas Energy’s solar projects in Spain. The investment forms part of a total $371.3 million deal, with additional investment coming from another institutional investor. Currently, Q-Energy, which has 21 operational solar energy assets across Spain, produces enough electricity to power over 70,400 households while offsetting 75,400 tonnes of carbon dioxide emissions annually.

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