Spain-based Qualitas Energy, in partnership with Northleaf Capital Partners, announced the sale of the 494 MW Mula photovoltaic solar plant in Murcia, Spain, to China Three Gorges Spain, a subsidiary of CTG Europe. The sales represented 100% equity interest in one of Europe’s largest photovoltaic projects. In 2023, Mula underwent refinancing with several financial institutions and secured a 10-year Power Purchase Agreement with a global energy leader. The transaction, recommended by Greenhill, Watson Farley & Williams, E&Y, and DNV, remained subject to customary processes, with closing expected in Q1 2025.