Quintas sets up €40m solar energy fund

CORK-based Quintas Wealth Management has set up a solar energy investment fund at a cost of €40 million that is set to give a minimum 11% return to its clients.

The group has tapped into the Spanish solar energy market and has bought several solar farms that will supply electricity to the Spanish grid.

It has set up a Spanish subsidiary, Quintas Energy, to oversee the turnkey projects that number about 40 and which will be run by those who built them on behalf of Qunitas.