Bpifrance invests in French renewable power producer Qair

Feb 1, 2023 09:52 AM ET
  • French financial investment bank Bpifrance has come to be an investor in compatriot Qair after participating in a financing round sustaining the renewable power manufacturer's growth in the domestic and also international markets.
Bpifrance invests in French renewable power producer Qair
Image: Qair

The fundraising was held by DIF Capital Partners, which in October 2022 joined the shareholder listing of Qair, the latter claimed on Tuesday. The worth of Bpifrance's investment, executed together with the renewables firm's supervisors and existing investor Rgreen Invest, was not revealed.

Paris-based Qair has about 1 GW of running assets, primarily onshore wind and also solar projects, as well as a 30-GW advancement pipe. It intends to add 4 GW of renewable projects over the next five years. Using 550 people, Qair operates in 20 nations across Europe, Latin America and Africa.

In its home country, Qair is working on over 1 GW of onshore and overseas floating wind, solar, tidal power as well as green hydrogen projects.

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