Engie,
an emerging world leader in the zero carbon transition, is expanding its
decentralized energy offering in Africa through the acquisition of Mobisol, a
pioneer of off-grid solar solutions.
Founded
in 2011, the company employs over 500 people as well as approximately 1,200
contractors. Mobisol has operations in Tanzania, Rwanda, and Kenya and has
installed more than 150,000 solar home systems, providing clean and reliable
energy to over 750,000 people in Sub-Saharan Africa.
A statement by Apo Group, made available to OpenLife states that with the
acquisition of Mobisol, Engie will be offering solar home systems in three
additional countries, complementing the six countries where it is already
present with its solar home system company, Fenix International. Mobisol’s
focus on productive use products, combined with Fenix’s inclusive home solar
power systems, will enable Engie to
offer an unparalleled range of affordable energy products as well as extending
its customer base from rural to urban areas. The closing of the acquisition of
Mobisol will happen once all approvals of the relevant regulatory bodies are
received.
Engie already has significant activities
in off-grid electrification in Africa. With its subsidiary Fenix International,
it provides access to energy and financial services via its solar home systems
to over 500,000 customers, improving the quality of life for over 2.5 million
people in Uganda, Zambia, Nigeria, Benin, Cote d’Ivoire and Mozambique.
Additionally, with ENGIE PowerCorner, it supplies affordable electricity to
rural populations through smart mini-grids powered by solar energy and battery
storage. PowerCorner offers 24/7 energy services to households, local
businesses and public services in villages across Tanzania and Zambia. All of
these services are enabled by digital financial solutions such as mobile money
and Pay As You Go technologies.
Isabelle Kocher, Engie CEO declared: “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.”
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