Qair secures $150M financing for Mauritius hybrid solar + BESS project

By Global Infrastructure Sherpa · Feb 19, 2026

Financing SolarStorageHybridBattery StorageSolar Pv closed Mauritius

USD150M

Deal Value

60 MW

Capacity

construction

Stage

Stor'Sun

Project

Qair has secured $150 million in financing for its Stor'Sun hybrid solar and battery storage project in Mauritius. The project, which integrates 60 MWc of solar power with 256 MWh of battery storage, will supply 8% of Mauritius’ national electricity demand. The financing includes collaborations with SBM Bank for Stor'Sun I, II & IV and MCB for Stor'Sun III. This investment represents one of the largest in the Indian Ocean in recent years and is expected to reduce the island’s reliance on fossil fuels and lower energy costs.

Source Intelligence

KEY DETAILS

The project will supply 8% of Mauritius’ national electricity demand. Quote: Supply 8% of Mauritius’ national electricity demand, significantly reducing the island’s reliance on fossil fuels.

“

Deal Size

With a total of Rs 7 billion (approximately USD 150 million), including strong collaborations with SBM Bank (for Stor’Sun I, II & IV) and MCB (for Stor’Sun III)

“

Capacity

By integrating 60 MWc of solar power with 256 MWh battery storage

“

Location

flagship hybrid Stor’Sun project in Mauritius

“

Announcement

Paris, 19 February 2026

PARTIES MENTIONED IN SOURCE

Qair developer

"Independent renewable energy company Qair announces the completion of financing for its flagship hybrid Stor’Sun project in Mauritius."