- MCB and Omnicane roll out a new vehicle for financing solar, hydro and wind projects, starting with a 4.8 MW solar farm in Poudre d’Or.
- The project integrates agrivoltaics, avoids 7,000 tonnes of CO₂ annually and supports Mauritius’ 2035 renewables target.
MCB Group Ltd and Omnicane Ltd launched a new investment vehicle to finance renewable energy projects in Mauritius and the wider region. The platform will support solar, hydro, and wind developments, thereby reinforcing national and regional goals.
The consortium’s first project is a 4.8 MW photovoltaic plant in Poudre d’Or, northern Mauritius. The project, currently under construction, will operate under the Medium-Scale Distributed Generation Scheme of the Central Electricity Board (CEB).
Meanwhile, the development includes two solar farms. CEB signed connection agreements with MCB Ltd and Omnicane Milling Ltd, in collaboration with Calycé International. Mauritian contractor Ecoasis Energy Solutions Ltd is also building the plant, which will feature 8,200 solar panels across four hectares. The project is expected to avoid about 7,000 tonnes of CO₂ emissions annually, with commissioning planned for April 2026.
Furthermore, the farms will utilise agrivoltaic practices to support food security while generating renewable power. MCB Financial Advisers structured the financing, which includes shareholder contributions and a Green Bond issued under ICMA principles.
The plant will also generate around 7,700 MWh of renewable energy per year. It will contribute to MCB Group’s decarbonisation targets and help Mauritius reach its goal of 60% renewable energy and a coal-free electricity mix by 2035.
In addition, the partnership combines Omnicane’s regional energy experience, Calycé’s 20 years of European solar and wind projects, and MCB Group’s expertise in clean energy investment.
Omnicane CEO Jacques M. d’Unienville said the collaboration “enables the deployment of renewable energy projects in Mauritius and the region.” Calycé CEO Eric Boban highlighted Mauritius’ governance as key to its international expansion. Therefore, MCB Capital Markets CEO Rony Lam said the deal “demonstrates MCB’s commitment to renewable projects and Mauritius’ energy transition.”