Qair, independent power producer, announces the acquisition of a majority stake in Green Switch Capital (GSC), a developer of energy projects in the UK.
This operation enables Qair to strengthen its presence in the UK, a key market for renewable energies, by integrating over 15 GW of projects into its portfolio, divided between solar photovoltaic, battery storage (BESS) and onshore wind power.
Nearly half of these projects have already secured grid connection agreements and land leases, and the first commissionings are scheduled for 2026.
The acquisition of GSC enables Qair to diversify its assets and accelerate the deployment of renewable energy solutions in the UK market.
An expanded portfolio to diversify the energy offer
By adding Green Switch Capital to its activities, Qair expands its portfolio, which already includes offshore wind projects, waste-to-energy facilities and land-based projects in the UK.
The acquisition enables the integration of energy storage and solar projects, increasing Qair’s ability to provide a range of energy solutions to market players.
This strategic move is in line with Qair’s strategy of diversification to adapt to the specific needs of the UK, a market that is constantly evolving in terms of energy transition.
The UK market, with its ambitious targets for carbon neutrality by 2050, requires more diversified and flexible energy solutions.
Qair, by integrating a variety of technologies such as offshore wind, solar and storage, is strategically placed to meet this demand.
The addition of these projects maximizes the use of existing infrastructures and provides a competitive offering.
Strategies for growth and integration in the European market
Qair aims to consolidate its position as an independent power producer (IPP) in Europe, and this acquisition is part of a targeted growth strategy in specific markets.
The UK represents a key step in this development, given recent government policies favorable to renewable energies.
With 2 GW of offshore capacity already secured as part of ScotWind in Scotland, and energy-from-waste projects underway, Qair is strengthening its positioning by combining generation and storage projects, for an integrated, scalable offering.
The integration of the Green Switch Capital team also brings local expertise that facilitates the development and implementation of large-scale projects.
This synergy optimizes operations and reduces the risks associated with the regulatory and technical specificities of the UK market.
The management teams of both companies are confident that this collaboration will enhance the competitiveness of future projects.
Implications for the UK renewable energy market
Qair’s acquisition of Green Switch Capital is indicative of a wider trend in the UK renewable energy market, where players are looking to consolidate their positions and diversify their offerings.
The market is becoming increasingly complex, with growing demands for stability of supply and intermittency management.
By combining different energy sources and storage capacities, Qair is aligning itself with these growing market needs.
Qair’s strategy, through this acquisition, seems to be aimed not only at increasing its production capacities, but also at offering energy solutions adapted to the variability of demand and market conditions.
Strengthening its position in the UK could also pave the way for future expansion into other European markets, drawing on its local experience and diversified technological capabilities.
