DIF Announces Investment In Qair – 1GW Global Renewables Platform

DIF Capital Partners (DIF) has announced that it will be investing in Qair through its Infrastructure VII fund. Qair is a French renewable energy platform. The objective of the investment is to step-up the growth and portfolio build out. Last week, DIF had also announced an investment into 5 renewable projects in Australia and Europe.

DIF has kept the quantum of investment undisclosed as of now. The Qair platform delves in several RE related technologies that include onshore and offshore wind energy, utility scale solar energy, energy from waste, hydroelectricity, battery based storage, hydrogen and also tidal energy.

Louis Blanchard, CEO, 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.”

Blanchard also added, “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, Head of investments for DIF Infrastructure VII, held, “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.”

The Qair platform is present in 20 countries and mostly in Europe and Latin America. Its key activities are focused currently in France, Poland, Germany, Italy, Spain and Brazil.

The group has an operational portfolio of renewable energy of about 1GW. Most of it comprises onshore wind and solar energy projects. As per the company, it also maintains a pipeline of 25GW and looks to add around 4GW of projects in the coming five years.

DIF claims to be an independent private markets fund manager which currently controls about €14 billion of investments mostly in Europe, the Americas and Australasia. Last month, it had acquired a 55 per cent stake in French electric vehicle charging operator Bump SAS that designs, installs, operates and owns charging infrastructure.