Qair Acquires Majority Stake in Green Switch Capital, Supercharging Its UK Renewable Energy Ambitions
Qair has taken a significant leap forward in the UK’s renewable energy landscape by acquiring a majority share in Green Switch Capital (GSC), a prominent developer of onshore wind, solar, and storage projects. This strategic acquisition marks a major step in Qair’s plan to expand and diversify its presence in the UK, positioning itself as a leading player in the renewable energy sector.
Expanding Horizons: A 15GW Renewable Pipeline
Green Switch Capital has developed an impressive pipeline exceeding 15GW, with half of these projects already securing crucial elements such as grid offers, land leases, and grid connections. The first of these projects are expected to come online by 2026, further boosting Qair’s growing portfolio. This acquisition will enable Qair to tap into GSC’s extensive pipeline, extending its reach into sizable storage projects and enhancing its ability to offer competitive, integrated energy solutions to its clients.
Strengthening Qair’s UK Presence
Since its entry into the UK market in 2022, Qair has quickly established a strong foothold, securing 2GW of offshore wind capacity in Scotland through the ScotWind leasing round, alongside two Energy-from-Waste projects and a significant onshore wind and solar PV pipeline. The addition of Green Switch Capital’s assets solidifies Qair’s position as a formidable Independent Power Producer (IPP) in the UK, reinforcing its commitment to addressing the evolving energy needs of its customers while supporting their sustainability goals.
Qair’s CEO, Louis Blanchard, expressed his enthusiasm about the acquisition, stating, “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.”
A Strategic Partnership for the Future
For Green Switch Capital, joining forces with Qair represents a significant opportunity to accelerate its growth and impact within the UK energy market. GSC’s CEO, Markus Wierenga, shared his excitement about the partnership, saying, “We are delighted to have joined the 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 IPP player in the UK energy market.”
As Qair integrates Green Switch Capital into its operations, the company is poised to drive forward the UK’s transition to renewable energy, contributing to a more sustainable and resilient energy future. With a robust pipeline, a growing portfolio, and a shared commitment to innovation, Qair and GSC are set to make a lasting impact on the UK’s renewable energy landscape. #RenewableEnergy #UKEnergy #GreenEnergy #WindPower #SolarPower #EnergyTransition #Qair #GreenSwitchCapital #Sustainability #EnergyStorage #CleanEnergyFuture