Quercus Sells 320 MW of Renewable Assets to Green Arrow

Green Arrow and Quercus have signed an agreement for the sale of 100 percent of the management company QAS, which holds 320 MW in renewable energy assets

Green Arrow Capital (GAC) and Quercus Investment Partners have signed an agreement for the sale of 100 percent of the management company Quercus Assets Selection (QAS), to GAC, one of the principle independent Italian operators in the alternative investment landscape.

QAS is among the leading European funds specialising in Renewable Energy Infrastructure. The acquisition of Quercus Assets Selection allows GAC to establish itself among the top ten operators in Europe and the leading independent Asset Manager in Italy with approximately 400 MW of Renewable assets under management.

For Quercus, the sale completes Phase One of its European investment strategy, where it will return to invest in new subsidy-free (or grid-parity) assets amongst other investment products. Since its inception, Quercus has raised and invested 5 funds dedicated to Renewable Energy active in Italy, UK, Spain, Romania and Bulgaria.

Eugenio de Blasio, Founder and CEO of Green Arrow Capital, said that firm is delighted with this operation that allows it to position itself among the largest independent pan-European operators for alternative investments, with an AUM now approaching 2 billion euros.

“In a few years, we have achieved our goals through two major acquisitions, first with Quadrivio and today with Quercus. We have pursued a strategy of aggressive growth in our three chosen fields, combining the unique track record and the skills of the whole team, with the desire to become the preferred partner for institutional investors in Italy and Europe.”

Through the Luxembourg platform, QAS, manages over 320 MW of installed capacity split between PV and wind through its 5 separate vehicles Quercus Renewable Energy (QRE), Quercus Renewable Energy II (QRE II), Quercus European Renewables (QER), Quercus Italian Wind Fund (QIWF) and Quercus Italian Solar Fund (QISF).

Diego Biasi, co-founder and CEO of Quercus Investment Partners said that with the sale of this platform, built in the first 10 years of its activity, Quercus is about to successfully close the first chapter in its history and begin a new investment cycle in conjunction with the support of select key international strategic investors.

“The renewable energy market is continuing to evolve, and our investment policies aim to extend beyond traditional energy production, including new and attractive market segments rapidly entering the mainstream.”