Infrastructure investment manager DIF Capital Partners is investing in global renewable energy producer Qair.
DIF, through the DIF Infrastructure VII fund, is investing an undisclosed sum to help grow the independent power producer’s portfolio.
Qair develops, owns, and operates multi-technology renewable energy projects. The company has a presence in 20 countries.
Qair has an operational portfolio of 1GW, which mainly comprises onshore wind (75%) and solar projects, as well as a development pipeline of 25GW. The company expects to add around 4GW of renewable projects over the next five years.
Gijs Voskuyl, partner at DIF and head of investments for the DIF Infrastructure VII fund, said: “DIF is delighted to partner with Qair and its management team and support them in their next phase of growth.
“We believe the company 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 decarbonisation of the global economy.”
Louis Blanchard, the CEO of Qair, 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.”
To read the latest edition of the latest IPE Real Assets magazine click here.
