Finance the development of a photovoltaic park in Port-la-Nouvelle
Port-la-Nouvelle is a project for the development of an 8.96 MW ground-mounted photovoltaic park in the commune of Port-la-Nouvelle, in the Aude department . Currently under development, the project will be located in the port area and is expected to produce 13.12 GWh annually.
Following the success of notable fundraising campaigns such as the Eolmed project, the independent producer of renewable electricity and hydrogen, Qair , is once again placing its trust in Total Energies Invest to finance this project.
Specializing in renewable energy production in France and worldwide, the company aims to raise a total of €5,000,000 through simple bonds, with an annual interest rate of 6% over 1.5 years .
The offer
Finance the development of a photovoltaic park in Aude
Qair offers an investment opportunity in financing a ground-mounted photovoltaic park in the commune of Port-la-Nouvelle. By investing in this project, you will directly contribute to the ecological transition of the port area by enabling the valorization of unused land to produce renewable energy.
OBJECTIVE
The crowdfunding campaign for the Port-la-Nouvelle project aims to raise €5,000,000 with an annual interest rate of 6% over 18 months .
USE OF FUNDS
These funds will be used by the project developer to finance the final development stages of the project, as well as the payment of the last equipment orders in preparation for construction .
The project is currently under development: the building permit was obtained in July 2025 with no appeals filed. The energy purchase tariff and connection proposal are being finalized and should soon be secured.
#### REPAYMENT
The repayment of the bonds will be guaranteed by the cash flow of QAIR International, structured through various cash pooling agreements. As illustrated below, this mechanism centralizes the group’s cash flow at the parent company level, ensuring the financial health of the group.
#### SECURITY
As collateral, Total Energies Invest has secured: - A pledge on 100% of the shares of the issuer company holding the project rights. - A First Demand Standalone Guarantee (GAPD) from QAIR France for an amount equal to the principal and interest due from the fundraising.
#### LEGAL STRUCTURE & TOTAL ENERGIES INVEST’S ROLE
Specifications
Investment phases
- Client of a private bank : banque-populaire-du-sud
- Open to all
End of project financing
The closing date for contributions may be extended at the request of the project owner.
The return on your investment will be calculated from the date the subscription certificates are generated, i.e. once all the funds have been received and the legal documentation has been signed by the project owner.
Resources
Simulator
Investment simulation
Port-la-Nouvelle -
Obligation
6%/year over 1.5 year
Simulation - Rate : 6% / year on 1.5 ans
Initial investment:
€5,000
Repayments and interest:
€5,450
In 2 transfers
| Date | Interest* | Capital | Amount |
| 17/07/2027 | €300 | €0 | €300 |
| 17/01/2028 | €150 | €5,000 | €5,150 |
| Total | €450 | €5,000 | €5,450 |
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*Gross interest before tax, including all fees ( view taxation ) The result presented is not a forecast of the future performance of your investments. It is only intended to illustrate the mechanics of your investment over the investment period. The evolution of the value of your investment may vary from what is shown, either increasing or decreasing. |
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The project
A photovoltaic park to be installed soon in Port-la-Nouvelle
The Port-la-Nouvelle project stems from a production contract signed in April 2021 between the SEMOP, concessionaire of the port for the Occitanie Region, and Qair France. It consists of the installation of a photovoltaic park with a capacity of 8.96 MW in this Mediterranean port. With a construction permit without appeal and all permits signed, the project will soon be built once the purchase tariff and connection proposal are secured by sponsor Qair.
💡 Did you know?
The P50 and P90 outputs refer to the probability that the expected output will be achieved over the year. Indeed, photovoltaic production is directly linked to weather conditions and therefore subject to day-to-day and year-to-year variability.
- P50 output corresponds to a 50% probability of achieving the expected output. It is therefore optimistic as it is only achieved, on average, once every two years.
- Using the same approach, P90 has a 90% probability of being achieved, making it more conservative.
A rapidly expanding group
QAIR International is the parent company of the QAIR group, which was originally founded in 2017 . With nearly 780 employees, the group now has nearly 1.7 GW of projects under construction and in operation , as well as a large number of projects in development.
The group’s strategy focuses on wind energy, photovoltaics, hydrogen and storage. At the same time, the group is also working on energy storage projects with a significant development portfolio and innovative solutions related to renewable energies (hydrogen, tidal power, offshore wind, etc.).
By 2027, the company aims to reach an operational capacity of nearly 2.5 GW , which will more than double by 2030 to reach over 5.5 GW.
The integration into the energy storage market represents a real diversification opportunity for Qair International, while meeting the energy needs of the region.
The financing for the Port-la-Nouvelle project will thus be added to the ambitious projects already financed by Qair through Total Energies Invest: since the start of our collaboration, over 50 million euros have been raised from investors by Total Energies Invest and repaid by Qair .
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Project owners
France
Qair International is an Independent Power Producer that currently has around 1.7 GW of projects under construction and in operation, as well as a large number of projects in development .
The group’s strategy focuses on wind energy, photovoltaics, hydrogen, and storage. At the same time, the group is also working on energy storage projects with a significant development portfolio and innovative solutions related to renewable energies (hydrogen, tidal power, offshore wind, etc.).
With an international presence spanning Europe, South America, and Africa, Qair employs nearly 780 people today, including 100 working for Qair France.
For over 30 years, the company has relied on the historical expertise of its specialists and the vision of its reference shareholder, Jean-Marc Bouchet.
The Founder’s Words, Jean-Marc Bouchet
The name Qair , shared by all our onshore and offshore wind, solar, hydroelectric, eco-combustion, and green hydrogen activities, reflects the unity of our group across the 21 countries where we develop projects. Qair evokes our roots (“Qa”), unites our international presence (“i”), and affirms our commitment to renewables (“r”). It encapsulates what we have been since the group’s creation over 30 years ago. The name also reflects the extraordinary era we live in, full of promise and challenges, where our growth must be sustainable, our progress lasting, and our development must not come at the expense of future generations. Since its inception, the group has recognized the environmental stakes and fully committed to actively participating in the ongoing ecological transition and accelerating, to the best of its ability, the environmental revolution I hold so dear.
“It is our duty to future generations to maintain our course as an actor committed to the environmental revolution!”
The Group’s Values
Our analysis
Risk overview
Construction risks
Risk related to errors or defects during assembly that may affect the final quality of the product
Mitigation methods
Given the nature of its business, QAIR benefits from a network of key partners, which should enable it to secure favorable rates for the construction of its power plants. The group’s expertise should enable it to surround itself with trusted partners for the construction of these projects, limiting assembly risks and ensuring some cost control through competitive bidding among various suppliers. However, Total Energies Invest should have little or no exposure to construction risk, as the construction of the battery farm is expected to take place at the end of the financing period and would be funded by the senior debt.
Refinancing risk
Credit risk related to the company's ability to refinance and meet its debt obligations.
Mitigation methods
The financial risk here is limited by two distinct factors. First, as of June 30, QAIR International reported consolidated cash and cash equivalents exceeding €100 million, reflecting the group’s ability to generate and secure its cash flow. On the other hand, as part of this financing, Total Energies Invest has secured two distinct forms of collateral: a pledge of 100% of the issuing company’s securities and a GAPD from QAIR France, the French project subsidiary of QAIR International. Through the GAPD, QAIR France thereby undertakes to settle Total Energies Invest’s debt on behalf of the issuing company in the event that the latter encounters difficulties in meeting its obligations. The financial risk is further mitigated by the group’s strategy and Qair International’s commitment to QAIR France, which aims to establish its French subsidiary as a major IPP over the coming years.
Market risk
Risk related to being in a competitive market where new players enter the competition each year
Mitigation methods
QAIR is pursuing a clearly defined growth strategy centered on the commissioning of multiple projects and the diversification of its business over the coming years. With nearly 1.7 GW of projects in operation, nearly 2 GW of projects in development on secured land, and nearly 780 employees, the group is experiencing rapid growth. Despite a competitive sector, QAIR is now firmly established in the French renewable energy market, backed by a strong network and a significant presence throughout the country. Financially, the group reports annual revenue from electricity sales of over 200 million euros, supported by fixed assets exceeding 1.3 billion euros. These two figures alone reflect the group’s position in the French market.
Investing in this participatory financing project involves risks, including the risk of total or partial loss of the capital invested. Your investment is not covered by the deposit guarantee schemes established in accordance with directive 2014/49/EU of the European Parliament and of the Council . Your investment is also not covered by the investor compensation schemes established in accordance with Directive 97/9/EC of the European Parliament and of the Council . Return on investment is not guaranteed. This is not a savings product, and we recommend that you not to invest more than 10% of your net assets in participatory finance projects. You may not be able to sell the investment instruments when you wish. If you are able to sell them, however, you may incur losses.
