EWIA Acquires SunErgy to Boost Solar Power in Africa

EWIA Green Investments GmbH, based in Munich, has fully acquired SunErgy GmbH, following a partnership lasting two years in solar projects within Sub-Saharan Africa. The transaction aims to create a leading solar provider for Africa, covering aspects from planning and financing to execution. SunErgy, a Norwegian entity founded in 2010, specializes in delivering off-grid solar technology, specifically mini-grids, to developing communities. EWIA focuses on offering solar solutions to commercial and industrial clients through their Solar-as-a-Service model. Geographically, EWIA's active projects are centered on Ghana and Nigeria. The acquisition marks a strategic move towards strengthening solar infrastructure in Africa, leveraging SunErgy's operations and project expertise, particularly in Cameroon where it's electrifying villages with solar power. The merger aligns with both companies' goals of promoting sustainable energy solutions across Africa, addressing both power inadequacies in villages and high energy costs in urban settings. The collaboration also taps into the established infrastructure investment expertise of KGAL, a major shareholder in SunErgy, enhancing the market position and investor appeal of the combined entities.