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ENGIE acquires off-grid solar solutions company to light up Africa

September 5, 2019 • East Africa, Mining & Energy, Top Stories

ENGIE acquires off-grid solar solutions company to light up Africa

ENGIE expands its decentralised energy offering in Africa through the acquisition of Mobisol.

Electric utility company, ENGIE has announced that it has expanded its decentralised energy offering in Africa through the acquisition of Mobisol, off-grid solar solutions company.

It’s reported that Mobisol has operations in Tanzania, Rwanda, and Kenya and has installed more than 150,000 solar home systems, providing energy to over 750,000 people in Sub-Saharan Africa. With the acquisition of Mobisol, ENGIE aims to offer solar home systems in the 3 additional countries – adding to the six countries where it is already present – as well as extend its customer base from rural to urban areas.

With its subsidiary Fenix International, ENGIE already supplies electricity to rural populations in Uganda, Zambia, Nigeria, Benin, Cote d’Ivoire and Mozambique. This is done through smart mini-grids powered by solar energy and battery storage. Additionally, ENGIE PowerCorner offers 24/7 energy services to households, local businesses and public services in villages across Tanzania and Zambia.

Isabelle Kocher, ENGIE CEO, says, “With the acquisition of Mobisol, ENGIE expands its access to a market of millions who are not connected to the grid and establishes itself as the market leader on the continent. Not only do we change people’s lives with clean energy but we trigger economic activities for households and entrepreneurs who generate additional income once they are connected”.

“With ENGIE Power Corner, Fenix, and now Mobisol, we will pave the way for a new generation of affordable energy services, in line with our strategy focused on the acceleration of the zero-carbon transition.”

Edited by Jenna Cook

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