Qair and MCB partner to power Mauritius’ energy transition with landmark hybrid solar project

Qair, an independent renewable energy company, and The Mauritius Commercial Bank Ltd (MCB), the leading banking and financial services provider in Mauritius, announced today the signing of a financing agreement for Stor’Sun III, an innovative hybrid renewable energy project. With an investment exceeding MUR 380 million, this initiative represents a major step forward in Mauritius’ transition toward a sustainable and resilient energy future.

A flagship project for Mauritius’ energy security

Located in Balaclava, Stor’Sun III will combine a 16.7MW photovoltaic solar plant with a 42.5MW battery energy storage system, ensuring a stable electricity supply for up to 12 hours daily. The project will address solar intermittency and enhance grid stability during peak demand, contributing to a more reliable energy infrastructure for the island.

Supported by a 25-year Power Purchase Agreement (PPA) with the Central Electricity Board (CEB), Stor’Sun III guarantees long-term energy security and affordability for Mauritian households and businesses.

Construction began at the end of 2025, with commissioning scheduled for the second half of 2026.