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27 November 2024

Make It Happen in Africa

In 2021, STOA teamed up with Qair Group, an independent producer of renewable energy based in France, to launch the “Make It Happen in Africa” (MIHIA) investment platform. Our goal is to support clean and affordable energy projects in Africa.

Challenges

There is a great need for massive investments in low-carbon energy to help meet the growing needs of populations and transition towards sustainable production models in many African countries, where electricity systems often prove to be unreliable and extremely costly for both public authorities and end-consumers.

The Project

The MIHIA investment platform is the materialisation of Qair and STOA’s commitment to a long-term partnership. By combining our complementary expertise, we contribute to the development of a sustainable energy mix in Africa. The platform focuses on investing in solar, wind, hydro, and waste-to-energy projects, as well as projects that include electricity storage systems.

To date, the platform has supported the construction of the Zano solar power plant in Burkina Faso. MIHIA holds a 70% stake in this 24-megawatt plant, which was developed in partnership with the Burkinabé company Syscom Network and has been operational since December 2023. This plant helps to improve access to clean and affordable energy while increasing the security of the country’s electricity supply.

With the creation of the MIHIA platform, STOA and Qair have reaffirmed their shared ambition to become a key player in the development of renewable energy in Africa. This commitment becomes a reality with the construction of the Zano solar power plant.

Louis Blanchard, CEO of Qair

Key Facts

Company: Make It Happen in Africa

Infrastructure: Renewable energy

Geographic Area: Africa

Stake: 49%

Since: 2021

Co-shareholder: Qair

See Project News
Other projects
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  • Nachtigal Hydro Power Company

    Hydropower
    Africa
  • Make It Happen in Africa

    Solar energy
    Africa
  • Ventos Serra do Mel III

    Wind power
    Latin America
  • Solar Serra do Mel

    Solar energy
    Latin America
  • Red Rocket

    Solar energy, Wind power
    Africa
  • New Owendo International Port

    Transport and logistics
    Africa
  • LinhaUni

    Transport and logistics
    Latin America
  • MetroFibre

    Telecommunications
    Africa
  • Oncorad

    Health
    Africa
  • Serengeti Energy

    Hydropower
    Africa
  • Poseidón Energía Renovable

    Wind power
    Latin America
  • NetZero

    Environment
    Latin America
  • JCM Power

    Solar energy, Wind power
    Africa, Asia
  • Husk Power Systems

    Distributed solar energy
    Africa, Asia
  • Candi Solar

    Distributed solar energy
    Africa, Asia
  • Equator Energy

    Distributed solar energy
    Africa
  • Buildings & Logistic Services

    Transport and logistics
    Africa
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+33 (0)1 58 50 13 71

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