Qair Secures $150 Million for 60 MW Solar-Plus-Storage Project in Mauritius
Qair has obtained $150 million in financing for the 60 MWac Stor'Sun hybrid solar and battery project in Mauritius, the largest energy investment in over a decade. The project aims to enhance clean energy reliability and reduce fossil fuel dependence, addressing electricity demand and grid stability.
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Qair has secured $150 million in debt financing for its 60 MWac Stor'Sun solar-plus-storage project in Mauritius. This is the largest energy sector investment in Mauritius in over a decade, combining solar PV with a large-scale battery energy storage system, which has a capacity of 256 MWh.
The financing, arranged through local banks SBM Bank and MCB Group, reflects strong domestic confidence in renewable infrastructure. The project aims to meet 8% of the country's electricity demand and supports the government's goal of achieving 60% renewable energy by 2030. It will also enhance grid stability and reduce reliance on imported fossil fuels.
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