Nabilah Safira
TechInAfrica – Expanding its off-grid energy offerings in Africa is ENGIE, the multinational energy company, through Mobisol acquisition, the pioneer of decentralized solar solutions operating in Rwanda, Kenya, and Tanzania.
Through its solar home system subsidiary, Fenix International, it facilitates access to energy and financial services for more than 500,000 customers in Uganda, Cote d’Ivoire, Zambia, Benin, and Mozambique, which shows ENGIE’s significance in off-grid electrification activities in Africa.
ENGIE plans to offer a range of affordable energy products and extended customer base, from rural to urban areas once they get the approval. The company banks on Mobisol’s target of productive products and Fenix’s inclusive home solar power systems. Moreover, the purchase enables ENGIE to bring solar home systems to 3 additional countries where Mobisol operates, adding to the 6 countries where it’s already well-known. It also supplies affordable electricity to rural areas with PowerCorner, and it’s conducted with solar energy and battery storage-powered smart mini-grids. PowerCorner offers 24/7 energy services to households and local businesses, and even on villages’ public services in Zambia and Tanzania, with all powered by mobile money and Pay-As-You-Go technology.
The French utility company which operates in energy transition, electricity generation and distribution, natural gas, nuclear, renewable energy and petroleum has spoken through its CEO, Isabelle Kocher, that the company will pave for a new generation of affordable energy services with PowerCorner, Fenix and Mobisol, in line with its strategy that focused on the acceleration of the zero-carbon transition.
Kocher added that what they’re doing at the moment will trigger economic activities for households and entrepreneurs who generate additional income once they are connected, aside from changing people’s lives with the introduction of clean energy.
“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,” Kocher concluded.
Source: Venturesafrica.com
