Engie’s Fenix Acquisition Gives a Major Boost to Energy Access Efforts

Engie’s Fenix Acquisition Gives a Major Boost to Energy Access Efforts

Fenix International off-grid solar energy access and Engie acquisition French multinational Engie announced Thursday that it plans to acquire Fenix International, a pioneering company in Africa’s home solar market. The acquisition accelerates Engie’s entry into the off-grid energy market and shows progress toward the utility’s goal of providing 20 million people around the world with access to decarbonized, decentralized energy by 2020. It’s also a major development for the broader energy access market, where players have struggled to access capital. “This is a big deal for the energy access space,” said GTM Research analyst Benjamin Attia. Engie’s acquisition of […]