Bambous, February 10, 2026: Independent renewable energy company Qair and The Mauritius Commercial Bank Ltd (MCB), considered as the leading banking and financial services provider, announced the inking of a financial agreement for Stor’Sun III.
The project, Stor’Sun III, an innovative hybrid renewable energy project with an investment exceeding MUR 380 million represent a major leap ahead in the transition for Mauritius towards a resilient energy future.
Deemed as a flagship project for Mauritius, with the 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 seeks to 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 households and businesses.
The construction work began at the end of 2025, with commissioning scheduled for the second half of 2026.
A shared vision for innovation, sustainability, and growth
By integrating advanced solar technology with cutting-edge battery storage, Stor’Sun III will play a pivotal role in reducing Mauritius’ dependence on fossil fuels and lowering carbon emissions, directly supporting the country’s decarbonisation goals.
“We are delighted to collaborate with MCB, an institution deeply committed to Mauritius’ economic and environmental progress, with strong expertise in financing complex, innovative infrastructure,” commented the Indian Ocean Regional Director at Qair, Olivier Gaering.
“After successfully securing Stor’Sun I and II, this new financing reinforces our momentum and commitment to accelerating the island’s energy independence.”
“MCB is proud to support Qair in delivering this transformative project, which aligns with our vision of financing sustainable infrastructure and contributing to Mauritius’ energy transition,” added the Head of Mauritian and Regional Corporates at MCB, Aldo Sydonie.
This project has also benefited from the key support of Benevolent Solar PV Farms Ltd, a locally based charitable organization, which contributed equal funding and strategic guidance. Their deep understanding of the local landscape, combined with their ability to navigate regulatory and operational complexities, has been instrumental in advancing this initiative.
This collaboration underscores the strong alignment between all parties and their shared ambition to accelerate the deployment of sustainable energy solutions in Mauritius.
