Elicio and BayWa r.e. Secure Q Energy Stake in Pennavel Offshore Wind Farm

Beta/Article

Elicio and BayWa r.e. have opened capital to Q Energy for a stake in the Pennavel offshore wind farm, balancing ownership among the three shareholders. This partnership enhances governance and operational capabilities, leveraging Q Energy's expertise to strengthen the project's development.

Published Mar 30, 2026

Elicio and BayWa r.e. Secure Q Energy Stake in Pennavel Offshore Wind Farm

WIND ENERGY

Elicio and BayWa r.e. have welcomed Q Energy as a stakeholder in the Pennavel offshore wind farm, resulting in an equal division of capital among the three entities. This strategic partnership aims to enhance governance and operational capabilities, with Q Energy contributing its technical and industrial expertise at a critical stage of development. Elicio, based in Belgium, specializes in renewable energy projects, managing over 2.2 GW of offshore wind projects throughout Europe.