Renewable energy producer Qair has secured Bpifrance as a new shareholder to accelerate its development in France and internationally.
With this investment, Bpifrance joins the funding round initiated by DIF Capital Partners to support the acceleration of Qair’s development on both French and international markets, together with the historical shareholders Jean Marc Bouchet, the group’s managers and RGreen Invest.
Qair develops, owns, and operates projects within 20 countries across Europe, Brazil and Africa.
Its 550 employees operate 1GW of installed capacity of which 75% wind and are developing a 30GW pipeline.
The group’s portfolio is focused on a wide range of renewable sectors including both proven (onshore and offshore wind, solar, energy from waste and hydropower) and innovative (floating wind, battery storage, green hydrogen, tidal power) technologies.
In France, Qair’s teams are developing more than 1GW of onshore and offshore floating wind, solar, tidal and renewable hydrogen projects within its seven offices in Montpellier, Paris, Port-La Nouvelle, Lyon, Nantes, Reims and Limoges.
Louis Blanchard, Qair’s Chairman, said: “Qair’s partners and teams are delighted to welcome Bpifrance and continue a story started in 2015.
“We are convinced that Bpifrance’s support will strengthen our ability to rapidly develop innovative and quality projects, and thus contribute to the essential acceleration of the energy transition, particularly in France and Europe.”