To accelerate its growth and portfolio expansion, Dutch investment management business DIF Capital Partners has decided to invest in renewable energy provider Qair.
Qair is a multi-technology renewable energy project developer, owner, and operator with headquarters in Paris, France.
The business builds facilities for utility-scale solar, hydroelectricity, battery storage, tidal energy, onshore and offshore wind, and hydrogen generation.
It now has a 25GW-capacity development pipeline in addition to a 1GW operating portfolio of onshore wind and solar projects.
“DIF is thrilled to work with Qair and its management team and help them in their next phase of expansion,” said DIF partner and head of DIF Infrastructure VII investments Gijs Voskuyl.
“We think the firm has established a strong track record and an exceptional pipeline across a wide range of renewable energy sectors and nations and is very well positioned to play a major role in the ongoing decarbonization of the global economy,” the report reads.
With its development capabilities, Qair anticipates expanding its renewable energy capacity by roughly 4 GW over the following five years.
Currently, the company has operations in 20 nations, with the majority of those operations taking place in France, Poland, Germany, Italy, Spain, and Brazil.
“We are thrilled to welcome DIF Capital Partners and join forces to pursue the growth of our group’s strategy,” stated Qair CEO Louis Blanchard, together with his partners Jean-Marc Bouchet and RGreen and the rest of the Qair team.
“We are convinced that DIF will provide us with the finest assistance in our aim to expedite the energy transition, especially given the present complex energy market,” they said. “The entrepreneurial spirit that drives us both.”
A fund run by DIF Capital Partners purchased two Polish wind farms from the renewable energy company OX2 in March of last year.