Kibo Energy seeks to buy 20-GW renewables pipeline in Europe, Africa
Sep 16, 2024 17:21 CESTPan-African micro-grid company PowerGen Renewable Energy has formally acquired E.on Off-Grid Solutions GmbH, which operates under the Rafiki Power brand in Africa.
PowerGen bought Rafiki Power from German energy major E.on SE (ETR:EOAN) for an undisclosed sum. The acquired business was founded in 2014 and provides PowerGen with additional micro-grid assets, a project pipeline, software intellectual property (IP) and human resources.
According to information on Rafiki's website, to date the firm has successfully installed and is operating eight mini-grids in Tanzania, including solar photovoltaic (PV) and battery components.
The buyer is a renewable energy and micro-grid company with offices in Kenya, Tanzania, Sierra Leone and Nigeria. Following the purchase, PowerGen has more than 10,000 utility customers that serving over 50,000 people across several African countries.
Kibo Energy seeks to buy 20-GW renewables pipeline in Europe, Africa
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