Independent European renewable energy company Qair has acquired a majority stake in Green Switch Capital (GSC), a UK-based renewable energy developer specialising in offshore wind, solar and storage projects.
The strategic move is set to expand Qair’s renewable energy footprint in the UK and establish the company as a key player in the nation’s renewable sector.
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Qair CEO Louis Blanchard stated: “We are pleased to welcome such a skilled team to Qair.
“This acquisition perfectly aligns with our strategic goal of expanding our presence in the UK market and further strengthens our commitment to delivering competitive renewable energy solutions.
“Qair is now well-positioned to become a major player in key European markets.”
GSC has a development pipeline exceeding 15GW. Half these projects already have grid offers, land leases and connections in place.
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By GlobalDataThe first is expected to be operational by 2026.
The acquisition complements Qair’s existing UK portfolio, which includes interests in offshore wind, energy from waste, and onshore renewable initiatives.
Integrating GSC’s assets will strengthen Qair’s storage project capabilities and enable it to offer more competitive energy solutions to clients.
Since commencing operations in the UK in 2022, Qair has made notable progress in the renewable sector. It has secured 2GW of offshore wind capacity in Scotland through the ScotWind leasing round and is involved in two energy-from-waste projects, alongside a substantial onshore wind and photovoltaic pipeline.
Green Switch Capital chief executive Markus Wierenga stated: “We are delighted to have joined Qair group.
“The expertise and experience that Qair will bring to the GSC team will accelerate the development in turning the business into a significant independent power producer player in the UK energy market.”
