Engie buys solar provider Fenix
Issue 356
- 27 Oct 2017
| 1 minute read
France’s Engie has agreed to buy Uganda-based pay-as-you-go solar provider Fenix International. Fenix chief executive Lyndsay Handler told African Energy Fenix would retain its identity but the partnership would offer economies of scale that would significantly reduce the cost of equipment and financing. She said solar home systems (SHS) were a very working capital-intensive business and companies like Fenix and M-Kopa paid high interest rates for their debt. Combining the two companies’ purchasing power for solar equipment would cut costs.
Don't have an account?
Register for access to our free content
An account also allows you to view selected free articles, set up news alerts,
search our African Energy Live Data power projects database and view project locations on our interactive map
Register