Qair secures Credit Agricole loan for Italian solar project

• Qair's solar project in Italy shines bright with new financing from Credit Agricole SA, marking the company's first step into the Italian market.

French renewable power producer Qair has secured a loan from Credit Agricole SA for an 8 MW solar project in Italy. This marks Qair's first financing deal in Italy, with the specific value of the debt package remaining undisclosed. The project, located in Marrubiu on the island of Sardinia, is expected to begin generating electricity in the coming months.

Qair already owns a 12.5 MW wind farm in Piedmont, Italy, and has a development portfolio of over 2 GW of wind and solar projects in the country. The company plans to launch construction on 100 MW of PV schemes between 2024 and early 2025, and is set to open an office in Milan as part of its expansion in the Italian market.

What is Qair's strategy for expanding its presence in the Italian solar market?

• Qair's strategy for expanding its presence in the Italian solar market includes securing financing deals for solar projects, such as the recent 8 MW project in Marrubiu, Sardinia.
• The company already owns a 12.5 MW wind farm in Piedmont, Italy, and has a development portfolio of over 2 GW of wind and solar projects in the country.
• Qair plans to launch construction on 100 MW of PV schemes between 2024 and early 2025 in Italy.
• As part of its expansion in the Italian market, Qair is set to open an office in Milan to strengthen its presence and operations in the country.