en.Wedoany.com Reported - Qair, an independent French renewable energy company, has completed the financial close for its 46.51 MWp Brecks solar farm, marking the first project to secure financing for the company in the UK market. Construction is scheduled to begin in June 2026, with the plant expected to become operational in the second quarter of 2027.

Once operational, the Brecks solar farm will generate enough clean electricity annually to power over 15,000 households, directly supporting the UK's energy transition and energy security goals. A key factor enabling this financing was the UK government's Contracts for Difference (CfD) mechanism, which provides lenders with 20 years of revenue stability, effectively reducing exposure to wholesale electricity price fluctuations and enabling large-scale infrastructure projects to secure the necessary funding.

The strategic significance of this financial close extends beyond the individual project itself, validating Qair's project execution capabilities within the UK's regulatory and financial environment and de-risking its approximately 1 GW of early-stage UK development projects. In 2024, Qair acquired Green Switch Capital (GSC), gaining a portfolio of over 5 GW across the UK, encompassing solar photovoltaic, battery storage, and onshore wind. Additionally, the company holds the 1 GW Ayre offshore wind project in Scotland, secured from the ScotWind leasing round. Qair operates four offices in the UK—in Liverpool, London, Edinburgh, and Glasgow—demonstrating its nationwide development footprint.

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