Engie announced last week that it plans to acquire Fenix International. The move will help the company with its goal of providing 20 million people around the world with access to decarbonized, decentralized energy by 2020.
Furthermore, this is very good news for the broader energy access market. “This is a big deal for the energy access space,” said GTM Research analyst Benjamin Attia. Engie’s acquisition of Fenix “unlocks a massive global commercial debt market mostly untapped in the off-grid space to date,” he said.
Fenix International is a pioneering company in Africa’s home solar market.
Greentech Media
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