- Ignite Power, an Abu Dhabi-based leader in distributed renewable energy (DRE) solutions has signed a Share Purchase Agreement to acquire 100% of ENGIE Energy Access.
- This transaction will create Africa’s largest provider of the full range of distributed renewable energy (DRE) solutions.
- The combined entity will be launched as “Ignite Energy Access,” expanding operations to 14 African nations and providing sustainable energy solutions to more than 15 million people.
While the agreement has been signed, the transaction is subject to regulatory and antitrust approvals, which are expected to be completed within the coming months.
ENGIE Energy Access’s broad footprint, strong customer base, and market-leading operational capabilities make it an invaluable addition to Ignite. With a shared mission of transforming lives through sustainable energy, this transaction represents a transformative opportunity to accelerate electrification across Africa.
With the purchase from ENGIE, the French energy utility company, Ignite would more than double its footprint across Africa. This would be Ignite’s fourth transaction in the past 24 months, solidifying its position as the leading consolidator in the energy access sector.
Author: Bryan Groenendaal
