Qair has acquired a significant majority share in UK-based onshore wind, solar and storage developer Green Switch Capital (GSC).
With this acquisition Qair aims to expand and diversify its presence in the UK and position itself as a major renewable player in the country.
GSC has developed a pipeline in excess of 15GW. Half of these projects have already secured grid offers, land leases, and grid connections, Qair said.
The first projects will be commissioned in 2026.
Qair’s existing portfolio in the UK includes offshore wind, energy from waste, and onshore renewable projects.
The addition of GSC will extend the company’s assets to sizeable storage projects and allow it to offer competitive energy solutions to its clients, enabling the group to address the evolving energy needs of its customers while actively supporting their sustainability strategies.
Qair has been active in the UK since 2022 and has since secured 2GW of offshore wind capacity in Scotland in the ScotWind leasing round, two Energy-from-Waste projects and a sizeable onshore wind and PV pipeline.
With this acquisition, Qair aims to solidify its position as a leading renewable Independent Power Producer (IPP) in the UK, it said.
The company’s chief executive Louis Blanchard said: “We are pleased to welcome such a skilled team to Qair.
“This acquisition perfectly aligns with our strategic goal of expanding our presence in the UK market and further strengthens our commitment to delivering competitive renewable energy solutions.
“Qair is now well positioned to become a major player in key European markets.”
Green Switch Capital chief executive Markus Wierenga said: “We are delighted to have joined Qair group. The expertise and experience that Qair will bring to the GSC team will accelerate the development in turning the business into a significant IPP player in the UK energy market.”