Qair

What Qair does

Qair is a French Independent Power Producer (IPP) that develops, finances, builds, owns, and operates renewable energy generation assets. Founded in 2017 and headquartered in Paris (Qair International SAS), the company operates an integrated business model spanning the full project lifecycle from greenfield development through to repowering and decommissioning. As of the most recent disclosed metrics, Qair operates approximately 1.7 GW of installed capacity across 20 countries with a stated 30 GW development pipeline and a 3 GW operational target by 2027. The company employs 800+ people and is backed by Bpifrance as a shareholder alongside European development banks and commercial lenders.

Qair's technology platform is multi-technology by design, covering onshore wind, onshore solar PV, hydroelectricity, fixed and floating offshore wind, tidal stream, green hydrogen production and distribution, battery energy storage, and waste-to-energy. Notable technical assets include the 30 MW EolMed floating offshore wind pilot (co-developed with TotalEnergies and BW Ideol, using BW Ideol's Damping Pool floating foundations with Vestas turbines, energized in 2026), the 1 GW Ayre floating offshore wind project in Scotland, the 256 MWh Stor'SUN hybrid solar-storage project in Mauritius, the 5.8 MW floating solar project in Seychelles, and the 24 MW Northacre waste-to-energy facility in the UK. The company also operates renewable hydrogen stations in France and holds majority stakes in Green Switch Capital (UK, 15+ GW pipeline) and Northacre Renewable Energy (UK, 90%).

Qair generates revenue by selling electricity and renewable hydrogen under long-term bilateral contracts — Power Purchase Agreements (PPAs) with utilities, governments, and corporate customers, and Hydrogen Purchase Agreements (HPAs) with industrial offtakers. Contract durations typically run 20-25 years, providing predictable, recurring revenue streams. The customer base includes state utilities (e.g., Public Utilities Corporation of Seychelles, Mauritius government), corporate buyers (Ultragaz in Brazil for the 192 MW Bom Jardim solar project), and industrial off-takers for hydrogen. Qair funds project development through a combination of project finance debt (development banks such as BGK, AfDB, FEI; commercial lenders including Santander Bank Polska, PKO Bank Polski, SBM Bank, MCB) and equity capital from Bpifrance. Pricing is project-specific and not publicly disclosed.

Name

Qair

Legal name

Qair International SAS

Website

https://www.qair.energy

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Qair is a French Independent Power Producer operating 1.7 GW of renewable assets across 20 countries. The integrated IPP develops, finances, builds, and operates wind, solar, offshore wind, tidal, hydrogen, and storage projects, selling output under long-term PPAs and HPAs to utilities, governments, and corporates.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation

NAICS

Wind Electric Power Generation (221115), Solar Electric Power Generation (221114), Hydroelectric Power Generation (221111), Electric Power Generation (22111)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations) (EUACAFAF)

Keywords

• Renewable energy generation
• Power purchase agreements
• Offshore wind development
• Solar project development
• Green hydrogen production

Headquarters

HQ city

Montpellier

HQ country

France

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Electricity generation and sales: Qair generates electricity from owned renewable energy assets (wind, solar, tidal, hydrogen) and sells it under long-term Power Purchase Agreements (PPAs) to utilities, governments, and corporate customers. This is the core revenue stream from the asset portfolio.
2. Green hydrogen production and sales: Qair produces renewable hydrogen and sells it through Hydrogen Purchase Agreements (HPAs) to industrial customers seeking to decarbonize operations.
3. Energy storage services: Battery energy storage projects that provide grid services and power reliability, such as the 256 MWh Stor'SUN project in Mauritius.
4. Energy-from-waste: Waste-to-energy facilities converting non-recyclable waste into electricity, such as the Northacre 24 MW facility in the UK.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Qair is an independent power producer that develops, finances, constructs, and operates renewable energy generation assets spanning onshore wind, solar PV, hydroelectricity, floating and fixed offshore wind, tidal stream, green hydrogen, and battery storage. The company generates electricity and hydrogen from owned assets and sells them under long-term Power Purchase Agreements (PPAs) and Hydrogen Purchase Agreements (HPAs) to utilities, governments, and corporate customers across 20 countries.

Product overview

Qair is a French independent renewable energy producer (IPP) offering an integrated portfolio of renewable energy solutions spanning onshore renewables (hydroelectricity, solar, wind), marine renewables (floating and fixed offshore wind), renewable hydrogen production, and advanced energy management services including PPAs, energy-from-waste, and battery storage. The company operates across 20 countries with approximately 1.7 GW of installed capacity and a development pipeline targeting 3 GW by 2027. Qair's integrated approach covers the full value chain from development and financing through construction to operations and repowering.

Differentiator

Problem solved

Functional benefit

Products and services

• Onshore Renewable Energy Development and operation of hydroelectric, onshore solar, and onshore wind projects across Qair's global portfolio of 20 countries. The offering is for utilities, governments, and corporate customers seeking renewable electricity supply via long-term PPAs.
• Marine Renewable Energy Floating and fixed offshore wind development projects, including the 30 MW EolMed floating pilot project in France co-developed with TotalEnergies and BW Ideol and the 1 GW Ayre floating offshore wind project in Scotland. Targeted at utilities, governments, and large corporate off-takers of marine renewable electricity.
• Renewable Hydrogen

Quantifiable outcome

• 30 GW development pipeline delivering future capacity growth
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• INTEC Energy SolutionscoreImplementation/ SI/ Consulting Partner · 8 May 2026UK firm INTEC awarded EPC contract for 46.5MW Brecks solar farm in Nottinghamshire, UK. INTEC will provide engineering, procurement, construction, and O&M services with potential for long-term collaboration in UK renewable sector.
• TotalEnergies and BW IdeolcoreStrategic or Co-development Partner · 21 April 2026Qair co-develops EolMed floating wind pilot project with TotalEnergies and BW Ideol in southern France. 30 MW project featuring three Vestas turbines on BW Ideol's Damping Pool floating foundations, approximately 20km off Port-La Nouvelle.
• UltragazcoreOthers · 26 March 2026Brazilian LPG distributor signed PPA for Qair's 192MW Bom Jardim solar PV project in Ceará. Represents Qair's strategy to lead Brazil's private sector energy transition.
• Thistle Wind Partners (DEME Concessions, Aspiravi International)minorStrategic or Co-development Partner · 3 November 2025Original joint venture for ScotWind projects. In 2025, Qair exited Bowdun project which continued under DEME and Aspiravi. Qair retained full ownership of Ayre floating wind project. Consortium structure was reorganized to streamline operations.

Scale indicators14 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Iberdrola: Global renewable energy leader with significant onshore wind, offshore wind, and solar IPP operations across Europe, Americas, and Australia. Comparable as a multi-technology utility-scale IPP, though much larger and more diversified than Qair.
• Engie: Major French-headquartered utility with large renewable generation portfolio including wind, solar, and hydrogen. Comparable as a multi-technology IPP, particularly in France and European markets where Qair is active.
• EDF Renewables: Subsidiary of EDF focused on wind, solar, and storage IPP development globally. Direct overlap in floating offshore wind (French market), onshore wind, and solar, with comparable customer base of utilities and corporates.
• Enel Green Power: Global renewable IPP operating wind, solar, geothermal, and storage assets across multiple continents. Comparable multi-technology platform and PPA-driven model, though at significantly larger scale than Qair.
• Ørsted: Global leader in offshore wind with growing solar and storage portfolio. Comparable in offshore wind focus and PPA-driven revenue model, particularly relevant for Qair's floating wind ambitions (Ayre).
• RWE Renewables: European-headquartered renewable IPP with significant wind (onshore and offshore) and solar operations. Comparable multi-technology platform with focus on European markets where Qair is active.
• Vattenfall: Swedish state-owned utility with renewable generation portfolio including wind (onshore and offshore) and solar across Northern Europe. Comparable in European wind development and PPA offerings, particularly relevant for Qair's Scandinavian operations (Iceland).
• TotalEnergies Renewables: Renewables arm of TotalEnergies with growing wind, solar, and hydrogen portfolio. Already a JV partner with Qair on EolMed; comparable as a multi-technology IPP with floating offshore wind and hydrogen ambitions.

Direct peers

• EDP Renováveis: Pure-play renewable IPP operating wind and solar assets globally with a multi-GW pipeline, headquartered in Europe. Closely comparable multi-technology platform and PPA-driven business model to Qair.
• Akuo Energy: French independent renewable IPP developing wind, solar, biomass, and storage projects across Europe, Africa, Asia, and the Caribbean. Closely comparable as a mid-sized French-headquartered multi-technology IPP with similar geographic diversification strategy.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@qairgroup
• LinkedInlinkedin.com/company/groupe-qair

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries7 records

Funding overview

Funding rounds6 records

Investors9 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Qair