Seychelles has officially launched construction of its first floating solar power plant, a project aimed at reducing the country’s dependence on imported fossil fuels.
The 5.8 MW facility, named Seysun Lagoon Floating PV, is being developed on Providence Lagoon, Mahé Island. Construction began on September 30, 2025, with completion and commissioning expected in 2026.
The project is being spearheaded by French renewable energy developer Qair, under a 25-year power purchase agreement with the Public Utilities Corporation (PUC). Financing was secured through a US$5.7 million senior loan from the Facility for Energy Inclusion (FEI), managed by Cygnum Capital.
Floating solar was chosen due to Seychelles’ limited land availability, offering an innovative way to expand renewable energy without competing for space onshore. Once operational, the plant will contribute significantly to the nation’s renewable energy targets.
Seychelles aims to produce 15% of its electricity from renewable sources by 2030, a target aligned with its broader climate and energy transition goals. The floating plant represents a step forward in diversifying the energy mix, cutting fuel import costs, and strengthening the island nation’s resilience to global energy price fluctuations.
Government officials hailed the project as a milestone that demonstrates Seychelles’ commitment to sustainable development and energy security.
