PowerGen Renewable Energy, a developer, builder, and operator of micro-utilities in Africa, announced this week that it has closed the acquisition of Rafiki Power from E.ON Off-Grid Solutions. The acquisition combines two leading micro-grid companies in Africa and will help build momentum for private utilities on the continent.
The acquisition will combine two leading players in the sector, and provide PowerGen with micro-grid assets, project pipeline, software IP, and human resources from E.ON Off-Grid Solutions. PowerGen now has over 10,000 utility customers under management, serving over 50,000 people with clean and reliable energy across several African countries.
Aaron Cheng, President of PowerGen, comments: “PowerGen and E.ON Off-Grid Solutions have shared a common vision for a long time: to transform lives by building the energy system of the future in Africa. We are excited to combine our experience, knowledge, resources, and cultures in order to further our progress towards this shared vision. We greatly admire the E.ON Off-Grid Solutions team and are thrilled to be working closely with them as we build the smart, clean energy system of the future in Africa through micro-grids.”
PowerGen and E.ON Off-Grid Solutions are pioneers in the new sector of private utilities who bring efficiency, technology, and customer service to un-electrified Africans through clean, modern micro-utilities. These micro-utilities offer high quality alternating current electricity to towns and villages in order to reduce poverty and enable economic development, while building the clean energy system of the future in Africa from the grid edge inwards.