Wedoany.com Report-Aug. 8, Qair, a renewable energy developer, has secured financing to advance its 60MW hybrid solar and battery energy storage system portfolio, known as Stor’Sun, in Mauritius. Awarded in 2023, the four projects represent a significant step in the island nation’s clean energy infrastructure development, supporting Mauritius’s target of achieving 60% renewable electricity by 2030.

The financing was provided by SBM Bank (Mauritius) Ltd, recognized by Qair as a reliable partner with extensive experience in complex energy transition initiatives. Rita Gujadhur, SBM Bank Officer-in-Charge, stated: “The financing of Stor’Sun 1 and 2 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.”

Qair’s regional director for the Indian Ocean, Olivier Gaering, noted: “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 collaboration underscores the shared commitment to advancing sustainable energy solutions in Mauritius.

Active in Mauritius since 2008, Qair currently operates a 10MW wind farm and 25.3MW of solar parks. The Stor’Sun projects strengthen the company’s portfolio and align with its broader African strategy, which includes operating 65MW, financing 154MW, and developing over 2GW of clean energy capacity across countries such as Burkina Faso, Tunisia, Morocco, and Seychelles. Qair emphasizes its dedication to delivering affordable, clean, and reliable electricity throughout the continent.

The Stor’Sun initiative is poised to enhance the stability of Mauritius’s electricity grid while increasing the share of renewables in its energy mix. By combining solar power with battery storage, the projects address the need for consistent energy supply, supporting the island’s sustainable development goals. This financing milestone reflects Qair’s ongoing efforts to expand renewable energy infrastructure and contribute to a cleaner energy future in Mauritius and beyond.