October 5 (Renewables Now) - DIF Capital Partners has signed an agreement to invest in French renewable power producer Qair, the parties said today without specifying the scale of the investment.
The Dutch investment manager, which has EUR 14 billion in assets under management, is investing in the Paris-based company through DIF Infrastructure VII. The capital will support Qair’s growth and portfolio build out.
The renewables platform has about 1 GW of operating assets, mostly onshore wind and solar projects, and a 25-GW development pipeline. It aims to add 4 GW of renewable projects over the next five years. Employing 550 people, Qair operates in 20 countries across Europe, Latin America and Africa, mainly in France, Poland, Germany, Italy, Spain and Brazil.
According to Gijs Voskuyl, partner at DIF, Qair “has built up an excellent track record and an impressive pipeline across a wide range of renewable energy sectors and countries and is very well positioned to play a leading role in the continuous decarbonisation of the global economy.”