Qair secures funding for 36-MW solar park in Poland

• Qair secures PLN 77 million for 36-MW solar park in Poland, expanding its renewable energy portfolio in the country. Exciting developments ahead!

French renewable power producer Qair has secured PLN 77 million in debt financing to build a 36-MW solar park in Poland. The credit facility was provided by PFR Investment Fund FIZAN and construction is set to begin in the second quarter of this year in Zimnodol, Lesser Poland Voivodeship.

This project will be Qair Polska's fourth large-scale PV project in the same municipality, with the company aiming to diversify its capital sources for future projects. Qair has been active in Poland since 2015 and currently has 388.5 MW of operational renewable energy assets, 120 MW of projects under development, and over 2.5 GW of early-stage projects.

What is Qair's strategy for diversifying capital sources in Poland's solar industry?

• Qair's strategy for diversifying capital sources in Poland's solar industry includes securing debt financing from local investment funds such as PFR Investment Fund FIZAN.
• The company aims to build on its track record of successful solar projects in Poland by leveraging its existing relationships with financial institutions to access additional funding for future projects.
• Qair Polska's focus on developing multiple large-scale PV projects in the same municipality allows for economies of scale and operational efficiencies, further enhancing the attractiveness of the projects to potential investors.
• By expanding its portfolio of operational renewable energy assets in Poland, Qair is able to demonstrate a strong track record of project development and operational success, which can help attract a diverse range of capital sources for future projects.
• Qair's long-term commitment to the Polish market, as evidenced by its significant pipeline of projects under development and early-stage projects, positions the company as a reliable and attractive partner for investors looking to participate in the country's growing solar industry.