Qualitas Energy acquires Cero Generation platform with 5.8 GW solar and battery portfolio

Type: Acquisition · Technology: Solar · Country: United Kingdom · Capacity: 5.8 GW · Announced: 2026-09-11

Qualitas Energy has signed a definitive agreement to acquire the European platform Cero Generation, founded in 2021 by Macquarie Group. The transaction includes a portfolio of 5.8 GW distributed across the United Kingdom, Italy, and Spain, comprising over 2 GW of operational, under construction, or early-stage assets alongside 3.8 GW of development projects. Cero Generation specializes in independent power producer (IPP) activities for solar photovoltaic and battery energy storage systems (BESS), operating under an integrated model covering the full project lifecycle. The deal also transfers the local teams and offices in London, Milan, and Madrid, with the acquired entity continuing to operate under the Cero Generation brand as an independent portfolio company of Qualitas Energy. The transaction is expected to close within the coming months.

Analysis

Qualitas Energy announced on 2026-09-11 that it will acquire the Cero Generation platform, which comprises a 5.8 GW solar and battery portfolio across the United Kingdom, Italy and Spain. Macquarie Group, the founder of Cero Generation, manages $959.1 billion in assets across 31 markets. Qualitas Energy is a global investment and management platform focused on renewable energy and sustainable infrastructure. The transaction transfers Cero Generation’s London, Milan and Madrid offices and local teams and is expected to close within the coming months.

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