In order to expedite growth and portfolio expansion, DIF Capital Partners (DIF) will invest through its Infrastructure VII fund in the French renewable energy platform Qair.
The Qair platform focuses on numerous energy-related technologies, such as onshore and offshore wind, utility-scale solar, energy from waste, hydroelectricity, (battery) storage, hydrogen production, and tidal energy.
With operations in 20 nations, Qair is a major player on the world stage.
Its headquarters are mostly in France, Poland, Germany, Italy, Spain, and Brazil, where it also has operations.
The Group is located in Paris, France, and employs 550 workers.
Qair has a 25GW development pipeline in addition to a 1GW operational portfolio that is primarily made up of onshore wind and solar projects (75% each).
The Group anticipates adding around 4GW of renewable projects over the following five years and benefits from excellent development capabilities.
Qair chief executive, said “With my partners Jean Marc Bouchet and RGreen, and the broader Qair team, we are happy to welcome DIF Capital Partners and join forces to pursue the development of our group’s strategy.”
“We are confident that with the entrepreneurial spirit that drives us both, DIF will offer us the best support in our mission to accelerate the energy transition, especially within the current complex energy market.”
Gijs Voskuyl, Partner at DIF and head of investments for DIF Infrastructure VII, added “DIF is delighted to partner with Qair and its management team and support them in their next phase of growth.”
“We believe the Group has built up an excellent track record and an impressive pipeline across a wide range of renewable energy sectors and countries and is very well positioned to play a leading role in the continuous decarbonization of the global economy.”
August Debouzy, PSP Avocats, NM Advisory, 8 Advisory, PWC, and Niddam-Drouas all provided advice to Qair.
Astris Finance, KPMG, H3P, Clifford Chance, UL, DNV, Baringa, and Marsh provided advice to DIF.