Independent renewable energy company Qair announces the closing of a new loan to support the implementation of a hybrid solar photovoltaic and battery energy storage system (BESS) project in Mauritius. This project builds upon Qair’s long-standing presence in the Indian Ocean and its strategic ambition to accelerate the energy transition across Africa.
Expanding Clean Energy in Mauritius
Present in Mauritius since 2008, Qair has been a committed partner to the country’s clean energy objectives. The company currently operates a 10 MW wind farm in Plaine des Roches and solar parks with a combined capacity of 25.3 MW. In 2023, Qair was awarded four hybrid solar?+?BESS projects totalling 60?MWac, representing one of the most ambitious energy infrastructure packages undertaken in Mauritius in recent years. This new financing will allow the company to move ahead with implementation, contributing directly to the national target of reaching 60% renewable energy in the electricity mix by 2030.
'The financing of Stor’Sun I and II marks an important step in our commitment to supporting next-generation energy infrastructure, contributing to the stability of the national electricity grid and the increased integration of renewable energies. This partnership goes far beyond financial support, as it reflects our shared commitment to building a cleaner and more resilient energy future for Mauritius, and we welcome Qair’s renewed confidence in the bank,' said Rita Gujadhur, Officer-in-Charge of SBM Bank (Mauritius) Ltd.
'We are pleased to continue our collaboration with SBM Bank, whose strong grasp of large-scale renewable projects makes them a trusted long-term partner' added Olivier Gaering, Indian Ocean Regional Director at Qair. 'This choice was based on the Bank’s exceptional understanding of the challenges and specificities of large-scale, innovative projects, making it the clear long-term partner for Stor’Sun. The bank’s ability to tailor its support to next-generation infrastructure has been key to the Stor’Sun initiative.'
A Continental Strategy for Energy Transition
This new project is part of Qair’s broader strategy to scale up renewable energy across Africa. Beyond Mauritius, Qair is actively developing and operating clean energy assets in Burkina Faso, Tunisia, Morocco, Seychelles and several other countries, with a focus on solar, wind, and hybrid solutions. The group currently operates 65?MW across the continent, has 154?MW under financing, and is developing a pipeline of over 2 GW. This integrated, long-term approach reinforces Qair’s role as a leading independent power producer (IPP) committed to delivering affordable, clean, and reliable electricity throughout the continent.
About Qair
Qair is an independent renewable energy company developing, financing, building, and operating solar, wind, waste-to-energy, storage and green hydrogen production assets. With 1.7 GW of capacity in operation or construction, the Group’s 780 employees are developing a portfolio pipeline of 34 GW in 20 countries across Europe, Latin America and Africa. Our ambition is to become an independent leader in responsible energy.
Source: Qair
