- Qair and Stoa have formed a joint venture to invest in clean energy projects in Africa.
- The first project under this platform is a 24MWp PV plant in Zona, Burkina Faso.
- The plant will provide clean energy to about 75,000 homes.
French independent power producer (IPP) Qair and investment company Stoa Infra & Energy are set to launch a new initiative, the MIHIA Holding (Make It Happen In Africa). MIHA is a joint venture owned by the Qair Group (51%) and Stoa (49%), focusing on investing in clean energy projects in Africa. In a statement, Qair notes that the joint investment was borne out of both organisations’ shared belief in the need for massive investments in low-carbon energy in Africa especially as the countries energy sectors are often unreliable and extremely costly for both governments and end consumers.
The first project under the platform is set to be implemented in Zano in the Centre-East region of Burkina Faso. The PV plant will comprise 54,500 solar panels and inverters with a cumulative capacity of 24MWp. With an annual energy production capacity of 48,000 MWh, the plant will provide energy to about 75,000 households and save about 25,000 tons of CO2 equivalents yearly. Qair stated that the project has already received the approval of the authorities. The Group already operates clean energy plants in Morocco, Tunisia, Burkina Faso, Chad, Seychelles and Mauritius.