Qair acquires Green Switch Capital

Qair, an independent power producer, strategically acquired Green Switch Capital in 2024. This acquisition immediately bolstered Qair's UK renewable energy portfolio with 150 MW AC / 190 MWp of fully consented solar projects. For Qair, a company focused on developing, financing, building, and operating renewable energy projects, this transaction provides a significant pipeline of shovel-ready assets, thereby de-risking its development efforts and accelerating its expansion in the competitive UK solar market. The deal underscores Qair's commitment to growing its operational capacity and strengthening its footprint in key European markets. The deal is notable for the substantial capacity of 190 MWp of solar projects that are explicitly stated as 'fully consented.' This status is critical as it significantly reduces development risk and shortens the timeline to construction and operation, offering immediate value to Qair. While the deal value remains undisclosed, the acquisition of such a large, de-risked portfolio highlights the premium placed on advanced-stage renewable energy assets. The UK market continues to be a focal point for solar development and investment, driven by ambitious renewable energy targets and a supportive regulatory environment, making consented projects particularly attractive to IPPs like Qair.