Engie acquires Mobisol, becomes Africa’s off-grid solar market leader

&NewLine;<p>Engie&comma;&NewLine;an emerging world leader in the zero carbon transition&comma; is expanding its&NewLine;decentralized energy offering in Africa through the acquisition of Mobisol&comma; a&NewLine;pioneer of off-grid solar solutions&period; &NewLine;&NewLine;Founded&NewLine;in 2011&comma; the company employs over 500 people as well as approximately 1&comma;200&NewLine;contractors&period; Mobisol has operations in Tanzania&comma; Rwanda&comma; and Kenya and has&NewLine;installed more than 150&comma;000 solar home systems&comma; providing clean and reliable&NewLine;energy to over 750&comma;000 people in Sub-Saharan Africa&period;<br><br>&NewLine;A statement by Apo Group&comma; made available to OpenLife states that with the&NewLine;acquisition of Mobisol&comma; Engie will be offering solar home systems in three&NewLine;additional countries&comma; complementing the six countries where it is already&NewLine;present with its solar home system company&comma; Fenix International&period; Mobisol’s&NewLine;focus on productive use products&comma; combined with Fenix’s inclusive home solar&NewLine;power systems&comma; will enable Engie &nbsp&semi;to&NewLine;offer an unparalleled range of affordable energy products as well as extending&NewLine;its customer base from rural to urban areas&period; The closing of the acquisition of&NewLine;Mobisol will happen once all approvals of the relevant regulatory bodies are&NewLine;received&period;<br><br>&NewLine;Engie &nbsp&semi;already has significant activities&NewLine;in off-grid electrification in Africa&period; With its subsidiary Fenix International&comma;&NewLine;it provides access to energy and financial services via its solar home systems&NewLine;to over 500&comma;000 customers&comma; improving the quality of life for over 2&period;5 million&NewLine;people in Uganda&comma; Zambia&comma; Nigeria&comma; Benin&comma; Cote d’Ivoire and Mozambique&period;&NewLine;Additionally&comma; with ENGIE PowerCorner&comma; it supplies affordable electricity to&NewLine;rural populations through smart mini-grids powered by solar energy and battery&NewLine;storage&period; PowerCorner offers 24&sol;7 energy services to households&comma; local&NewLine;businesses and public services in villages across Tanzania and Zambia&period; All of&NewLine;these services are enabled by digital financial solutions such as mobile money&NewLine;and Pay As You Go technologies&period;<br><br>&NewLine;Isabelle Kocher&comma; Engie &nbsp&semi;CEO declared&colon; &OpenCurlyDoubleQuote;With&nbsp&semi;the acquisition of Mobisol&comma; ENGIE expands its access to a market of&NewLine;millions who are not connected to the grid and establishes itself as the market&NewLine;leader on the continent&period; Not only do we change people&&num;8217&semi;s lives with clean energy&NewLine;but we trigger economic activities for households and entrepreneurs who&NewLine;generate additional income once they are connected&period; With ENGIE Power Corner&comma;&NewLine;Fenix&comma; and now Mobisol&comma; we will pave the way for a new generation of affordable&NewLine;energy services&comma; in line with our strategy focused on the acceleration of the&NewLine;zero-carbon transition&period;”<br><br><br><&sol;p>&NewLine;