Independent renewable energy company Qair has completed financing for its Stor’Sun hybrid project in Mauritius — a Rs 7 billion (approximately USD 150 million) investment that stands as one of the largest energy financings in the Indian Ocean in recent years, and one that developers say could serve as a replicable model for island nations worldwide.
The project integrates 60 MWc of solar power with 256 MWh of battery storage, a combination designed to address the twin challenges of grid stability and energy affordability. Once operational, Stor’Sun is projected to supply 8% of Mauritius’ national electricity demand, significantly reducing the island’s reliance on fossil fuels while lowering energy costs compared to traditional thermal solutions.
Financing was secured through strong collaborations with SBM Bank and MCB, two of Mauritius’ leading financial institutions. Abdoulaye Touré, CFO of Qair Africa, said the project positions the company as a trusted partner for funders seeking scalable solutions in the global energy transition.
Qair currently has 1.7 GW of capacity in operation or under construction globally, with a pipeline of 35 GW across 20 countries spanning Africa, Europe and Latin America.
Source: energy-pedia.com