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Latest news on Seychelles large-scale energy storage project
Paris & Mahé, August 21, 2025 – Independent renewable energy company Qair has secured a USD 5. 7 million senior debt facility from the Facility for Energy Inclusion (“FEI”), managed by Cygnum Capital, to finance the development, building, operations, and maintenance of a 5. 8 MWp. Seychelles is advancing its clean energy ambitions with the development of the Seysun Lagoon floating solar plant, a landmark project set to become the nation's first utility-scale Independent Power Producer (IPP) initiative. Located on Mahé Island, this 5. 8 MW Seysun Lagoon Floating PV Plant in Seychelles. It is expected to play a pivotal role in meeting the country's renewable energy targets. It is estimated that the project will save approximately 2 million litersof fuel annually and offset ,000 tonnes of in the Republic of Seychelles.
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