QPQ INTERNATIONAL
QPQ Vetted Utility-Scale Green Energy Projects
Solar and BESS Projects
- Capacity: 120MWp/96 MWp AC 166 GWh/year
- Project IRR:
- Option A: IRR 16% & Option B: IRR 22%
- Payback Period: Both Options A & B – payback period +/- 5 years 4 months
- Project EBITDA: Approximately 11.5M € per annum
- Permits Available: Land lease agreement – 99 years at 2% of revenue
- Investment Required(Debt / Equity): 47.5M €
- Capacity: 70 MWp Solar & 23 t/day Green H2 Project with existing 104 MW Wind
- Project CAPEX: 136.1M US$
- IRR: Project: 19.4%*, Equity: 21.8%*, Average DSCR: 1.6x
- Payback: 4 Years (Equity)*, 7 Years (Total Investment)*
- Offtake: Power: 0.04 US$/kWh, Hydrogen: 3 US$/kg
- Project Status: Financial Close Start Q4 2024
- Opportunity: 50% Co-Investment
- Investment Required: 20% Equity. 10% Mezzanine. 70% Debt
- * Excluding Carbon Credit Revenues
- Capacity: 80 MWp
- Project CAPEX: 650k €/MWp
- Project Stage: Advanced
- Deal Structure: Full exit sale at RTB
- Capacity: Solar Park: 172 MWp / 165.93 MWac, Storage (Optional): 68.9 MW
- Deal Structure: The developer is open to receiving Investor offers under 2 scenarios:
- Scenario 1: Sale “As Is” (100% SPA) of the Projects + DSA (Includes BESS option)
- Scenario 2: Sale “As Is” (100% SPA) of the Projects + DSA + EPC + O&M (Includes BESS option)
- Estimated RTB: Expected Q2 2025
- Capacity: Multiple 250MW/500MW/AC
- Acquistion Cost: $10-$25 per kWh
- Tax Incentives: IRA Tax Credit Incentives Investment Tax Credit 30% Designated Community 10% Domestic Content 10% & Transferrable Tax Credit Sales
- Capacity: 200 MWdc/174 MWac
- Project CAPEX: 613k €/MWdc
- Annual income: 20M € (with 80 €/MWh)
- Project IRR: 12.08%
- Deal Structure: Full exit sale at RTB via SPA @120k €/MWp
- Capacity: 110 MWp
- Deal Structure: SPV opening in Poland then 100% share purchase at RTB stage.
- Investment Required: The project will be sold at Ready to Build status to the incoming investor
- Technology: BESS-Lithium Ion-LFP
- Round Trip Efficiency: 94%
- Project Lifetime: 20 years
- Capacity: 50 MW AC – 200 MWh Generation 54.96 MW DC - 230.4 MWh Generation
- Project Cost: CAPEX: 40 M€
- O&M: 1% CAPEX
- Insurance: 1% CAPEX
- Charging cost: € 3.24 cts/kWh
- Selling price: € 10.4 cts/kWh
- Deal Structure: Equity mode with EPC-F Or Debt Equity mode: 70/30. Searching for EPC-F or Equity Partner
- Capacity: Solar 2.8 MW BESS 2.7MWH & Solar 3.2MW BESS 8MWH
- Project IRR: 10.4% @70% D/E ratio & 13.4% @70% D/E ratio
- EBITDA: 1.1M US$/yr & 1.8M US$/yr
- Investment Required: 9.7M US$ including 715k & 13.6M US$ including 715k
- Capacity: 1045 MW
- IRR: 16% Equity
- Investment Required: 420M to 440M €, 85M € in Equity
- Capacity: 1496 MW
- IRR: 16-17%
- Investment Required: 650M €, 130M € in Equity
- Capacity: Package 1: 65+ Sites location, 240 MWp, Package 2: 71 Sites location, 210 MWp, Pipeline of 2GW
- Deal Structure: SPV opening in Poland then 100% share purchase at RTB stage
- Capacity: 60 MW
- Offtake: 77 US$/MWh incl. VAT (For 15 years with a Bankable off-taker)
- ROI: 10 years
- Project CAPEX: 50.86M US$
- Net Energy Generation: 106.24 GWh per Year
- Capacity: 29 MWac Solar + 22 MW / 85 MWh BESS
- IRR: Equity 13% (based on a 20 year PPA)
- Project CAPEX: 29.5M €
- Offtake: PPA tariff 103 €/MWh for 15 Years
- Capacity: 370 MW
- IRR: Project 8.18% unleveraged, Equity 23.5%
- Offtake: PPA tariff 48€/MWh for 25 Years
- Project CAPEX: 227.5M €
- Capacity: BESS 200 MW/400 MWh, Solar PV 100 MWac
- Returns: 7 x on the development capital invested
- Payback Period: 18 months of development period
- Investment Required: 3.1M A$
- Solar PV Module Production:
- Output/year: 300 MW/1.6 GW
- Investment: 10M US$/51M US$
- Solar EPC (Condor):
2023 Revenue: 55M US$
2023 EBITDA: 8.5M US$ - Investment: 45M US$
Combined Entities: - IRR: Equity 30% Project 28%
- Payback Period: 2.5 years
- Project EBITDA: Year 1 EBITDA 30M US$, Year 5 EBITDA 170M US$
- Capacity: Solar 2.8 MW BESS 2.7MWH & Solar 3.2MW BESS 8MWH
- Project IRR: 10.4% @70% D/E ratio & 13.4% @70% D/E ratio
- EBITDA: 1.1M US$/yr & 1.8M US$/yr
- Investment Required: 9.7M US$ including 715k & 13.6M US$ including 715k
- Capacity: 120 MWp Contracted Capacity is 100 MWac
- Project IRR: 11.9%
- Project Offtake: PPA 25 years @ 60 US$/MWh Take or Pay, Secured but not signed
- Project CAPEX: 58.55M US$
- Sale Price: 5M US$+EPC
- Capacity: 62,000 t/year Green Hydrogen & 420 MW Solar
- IRR: Project 14.2%, Equity 15.1%
- Payback Years: 4 years (Equity), 8 years (Total Investment)
- Project Offtake: PPA 15 years @ 4 US$/kg Take or Pay + Carbon Credits
- Project Cost: 720.4M US$
- Financing Structure: 20% Equity, 10% Mezzanine, 79% Debt
- Capacity: 200 MWac, 371.6 GWh/year (P75)
- IRR: Equity >17% , Project >15%
- Project Metrics: Revenues: 20.65M US$/y
- Project Cost: 115M US$
- Investment Required(Debt/Equity): 70% Debt: 80M US$, 30% Equity: 35M US$
Wind Projects
- Technology: Goldwind GW182-7.2MW HH 110M Vestas V172-7.2MW HH 114M
- Capacity:Installed: 7 WTG of 7.2 MW: 50.4 MWp
- Capacity Factor (Net): 31.5%
- Energy generation: 147 GWh/year
- IRR: 10% & R.O.I: 11 years
- Deal Structure: Project Development Agreement 95 k€/MWp @RTB, Milestone payment from PDA signature to RTB
- Capacity: 200 MW/year(200 Units) Revenues: 90M US$ in 1st Year, 250M US$ in 2nd Year
- Payback Period: ROI ~ 3.5 Years Opportunity: Obtain 40% Ownership
- Technology Status: TRL Level 5
- Investment Required: 29M US$ (13M US$ for final product development and certification & 16M US$ to setup production
- Capacity: 125 MWp Solar & 60 Wind Farm (Possibility of adding Energy Storage)
- Deal Structure: SPV opening in Poland then 100% share purchase at RTB stage
- Investment Required: The project will be sold at Ready to Build status to the
- incoming investor
Hydro Projects
- Capacity: HPP1: 24,75 MW – 93 GWh/year, HPP2: 9,9 MW – 25GWh/ year
- Project IRR: 12.5%
- Investment Required: 70% Debt-bank loan, 30% Equity vs 49% stock in respective SPV's
Waste to Energy & Biomass Projects
- Capacity: 32 Tons per year using Catalytic Cracking
- EBITDA: 18M US$/year
- Unlevered IRR: 32% pretax
- Investment: 37M US$ + 500k
- Capacity: 26.5 TPD of RNG, 264,695,848 scf/y of Carbon dioxide & 72,430 MT/y of Organic fertilizer
- Project Cost: 50M US$
- Annual Income: 19M US$
- EBITDA: 81%
- IRR: 39.2% Project
- Payback: 3 yrs
- Capacity: 83,000 t/year
- IRR: 14.7% Project
- CAPEX: 202.3M € (Phase 1)
2,400M € (Phase 2 - 2030) - Payback Period: 6.9 years (total investment)
- Investment Required: 2.23M € Development Cost
60.68M € Equity (Phase 1)
- Capacity: 190,000 tons
- Project IRR: 8.14% with a possible upside of 10% with CCUS
- Deal Structure: Incoming investors owning majority Shares in the SPV
- Investment Required (Debt / Equity): 280 Million US$
- Capacity: 440,000 tons of end-of-life tires (ETLs) annually
- Unlevered ROI on free cashflows (20 years): 18.5%
- Payback period: 6 years
- Total Investment (100%): 42M US$
- Equity Capital (30%): 11.6M US$ in exchange for majority shareholding & Debt Capital (70%): 27.4M US$
This innovative project will be the first in Belgium, following the successful operation of the technology in Central Europe. The project will eventually convert 50,000 tons of ELT annually and will be the start of a planned rollout of similar facilities in other countries and continents
- Project IRR: After-tax IRR for the project exceeds 40%
- Project Sales/Offtake:
- A 10-year supply contract concluded with a leading European-listed chemical group.
- Steel- numerous offtake options
- Carbon Black – multiple MOUs with creditworthy off-takers.
- Textile – offtake by acoustic insulation manufacturers.
- Investment Required: 20M € in investment to bring the phased project to commercial operation by 2025/2026 (25,000 tons ELT) and to full capacity by 2027/2028 (50,000 tons ELT)
- Capacity: 1 MMSCFD feedstock, 100 BPD renewable fuel output
- Offtake Agreement: LOI in place from leading fuels marketerFinancials:-$24.4M US$ capital budget-1st Year Revenue $11.1M US$-24.7% unlevered pretax IRR (21.6% after tax)
- Site Control: LOI for site co-located at landfill feedstock source
- Permitting: Landfill site and environmental benefits assure local support
- Capacity: 82,000 t/year
- IRR: 14.7% Project
- EBITDA: -37%
- Project CAPEX: 202.3M € (Phase 1) 2400M € (Phase 2 - 2030)
- Payback Period: 6.9 years (total investment)
- Investment Required: 2.23M € Development Cost & 60.68M € Equity (Phase 1)
- Location: Indonesia (Plant), Singapore (SPV)
- Capacity: 2,00,000 t/y
- Project IRR: 49%
- Payback Years: 3 Years Project
- EBITDA: 7M US$ (Year 7)
- Project CAPEX: Phase I - 5.5M US$, Phase II- 3.5M US$
- Investment Required: 10M US$ (Phase I - 6.5M US$, Phase II - 3.5M US$)
- Capacity: 63,000,000 Liters
- IRR: 20.5% (Project), 26.9% (Equity)
- Payback Period: 6 years(Total investment),3 years(Equity)
- Project CAPEX: 120M US$
- Investment Required (Debt/Equity): Approx.48M US$ Equity
- Capacity:360,000 tons of Gen2 "super fuel" per annum
- Investment Required: $110 million
- EBITDA:30+%
- Capacity: 21 MW net
- IRR: 19.2% Project 28.2% Equity
- Payback Period: 3 years Equity, <7 years Project
- EBITDA: 68.5%
- Project CAPEX: 120M US$
- Investment Required: Approx.24M US$ Equity
Innovative Technology
- Capacity: 1,000,000 t/year
- Project CAPEX: 180.3M US$
- IRR: Project 16.9%*, Equity 22.3%*
- Average DSCR: 1.7x
- Payback: 4 Years (Equity)*, 7 Years (Total Investment)*
- Offtake: 85 US$ / ton
- Project Status: Financial Close at Start of Q4 2024
- Opportunity: 50% Co-Investment
- Investment Required: 20% Equity. 10% Mezzanine. 70% Debt
- * Excluding Carbon Credit Revenues
- Location: 250 sites throughout the Kingdom of Jordan
- Capacity: 6.5 MWdc Project Cost: 7.735M US$ Project Gross Annual Income: 1.13M US$
- Project IRR: 12%
- Investment Model: SPV, Lease agreement (BOOT)
- Investment Required: Debt @80% of Project Cost
Hydrogen , Geothermal & Storage Projects
There are 42 operational deep geothermal energy projects in Germany with 4 other projects under construction and 4 classified as research projects
- Project License Areas: Germany Anchor project license is secured while other project Licences are nearing final approval.
- Leveraged Project IRR: Across 7 projects ranging from 26% to 52%
- Investment Strategy: 25M € into Holdco
- Funds will be used for 2024-25 Operations & Development expenditure (Anchor Project 1 ready to start with ready to drill on 6 Projects)
- Capacity: 100k tons of green methanol per year
- Project IRR: 30%+ (depends on RINS)
- Project CAPEX: 355M US$
- Payback Period: 3 years from the start of operations
- EBIDTA: 190M US$ per year
- Investment Required: 430M US$
- Capacity: 55 Ha of land, 85 GWh, 14 MW of electrolyzer, 1785 t/year GH2
- Project Cost: 170M € covering Capex for the pilot site + the DevEx for the other 3 projects
- Deal Structure: Looking for an equity partner to take stock/shares in the newly established investment platform. The SPVs locally then get owned by this investment platform
- Capacity: 100 MW for the 1st site (Soran)
- 3 other sites of a total of 200 MW in the pipeline
- Project IRR: 24.8%
- Project EBITDA: 510M US$
- Project CAPEX: 147M US$
- Repayment Period: 7 years
- Investment Required: 80% debt, 20% equity
- Capacity: 1,000,000 t/year, Green Energy from Hydro & Renewables, 23 t/day Green Hydrogen
- IRR: Equity 20.1% (leveraged), Project 17.1% (unleveraged)*
- Payback Period: < 4 years (Equity) < 8 years (Total Investment)*
- Project EBITDA: 53.6%*
- Project CAPEX: Total Project Cost 391.9M US$ 20% Equity / 10% Mezzanine / 70% Debt
- Investment Required(Debt/Equity): 50% Co-Investment
* Excluding Carbon Credit Revenues
- Capacity: 50 MWe, 14 Hrs TES
- Project IRR: 10% unleveraged
- EBITDA: 36M € per Year
- Project Offtake: Feed-in-Tariff 270 € / MWh for 25 Years Backed by Greek Sovereign Guarantee
- Project EBITDA: 36M € per Year
- Project CAPEX: 230 - 240M € Including SPV purchase
- EBITDA:114k £ in 2024, 204k £ in 2025, 294k £ in 2026
- Market Share: 26% in 2023, 27% in 2024, 31% in 2025
- Hydrogen Resources: Secured > 85% of all existing green hydrogen resources
- Investment Required (Debt/Equity): 2M £(Pre-RTO Funding), 10M £(RTO Funding)
Please contact oksana@qpq.international and vlad@qpq.international, if you're interested in any of the listed opportunities, specifically mentioning the project that you find interesting. Our experienced Deal Advisory team will support the process and help you to make an informed investment decision.