Qair secures MUR7 billion financing for Stor’Sun solar-plus-storage project in Mauritius

Qair has secured MUR7 billion in financing for its Stor’Sun hybrid solar-plus-storage project portfolio in Mauritius. The financing includes support from SBM Bank (Mauritius) Limited for Stor’Sun I, II and IV and from MCB Group for Stor’Sun III. The four projects form part of a 60 MW solar portfolio with 256 MWh of battery energy storage system (BESS) capacity awarded to Qair in 2023. The projects will supply power to the Central Electricity Board grid and are expected to meet about 8 per cent of the island’s electricity demand while delivering a more consistent output through integrated storage to support grid stability and renewable energy integration.