- Qair has issued a maiden green bond to back its 1GW renewable goal.
- This is Qair’s first green bond issue.
French renewable power producer Qair has launched a EUR-43.7-million (USD 48.8m) green bond offering, seeking to back its goal for 1GW of assets in operation by the last quarter of 2022.
The company aims to bring online 377MW of new renewable power capacity by the end of the year, thus expanding its 655MW portfolio of assets in operation. According to its press release, the raised funds will go for new power plants in Europe.
The French firm currently has a pipeline of 547MW of renewable projects in Poland, 250MW in Greece and 107MW in Romania. “This first issue will improve the group’s competitiveness and flexibility, giving Qair the means to continue executing its strategy,” said Alexandre Lambolez, CFO of Qair.