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Mobisol: the latest string to Engie’s bow
French energy giant Engie claims to have become the market leader in off-grid solar in Africa following the acquisition of Germany’s Mobisol. When the transaction closes, which is expected in October, Mobisol will join solar home system company Fenix International and mini-grid developer PowerCorner under the umbrella of Engie’s distributed power business. The company has been aggressively targeting the market with the intention of being able to provide the full range of electrification options to emerging countries.
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