Wednesday
April 4
2018

Engie and Fenix to bring affordable power to the Africans living off-grid

Engie Africa and off-grid energy company Fenix International have closed their acquisition agreement, a move that aims to provide safe and affordable energy to millions of households across Africa.

Under the terms of the agreement, Engie will provide the support, expertise and opportunities the Fenix team needs to innovate in these areas and rapidly scale the business.

Speaking to the press, Bruno Bensasson, CEO of Engie Africa, said, “Closing this acquisition gives us the go-ahead to accelerate access to energy through Fenix’s strong solar home system model. Until now, availability of capital has been a major hurdle in the solar home system business, a constraint that we are now helping to remove.”

Photo courtesy of Ron Waddington.

Source: African Review (link opens in a new window)

Categories
Energy
Tags
Africa, energy access, energy poverty, Off Grid Energy, renewable energy, rural development, solar energy