EWIA Green Investments Expands its Horizon with SunErgy Acquisition in Africa
Deal News | Apr 07, 2025 | Globenewswire
EWIA Green Investments GmbH has acquired SunErgy GmbH, evolving their joint solar projects in sub-Saharan Africa into a merger. This strategic move aims to create a leading solar provider across the continent, harnessing Africa's potential for solar energy due to its proximity to the equator. The partnership, which includes KGAL, one of SunErgy's main shareholders, enhances EWIA’s capabilities in planning, financing, and implementing solar projects. SunErgy’s innovative off-grid mini-grid solutions complement EWIA’s model of solar-as-a-service, targeting medium-sized enterprises. Already active in countries like Ghana and Nigeria, EWIA is set to expand its footprint further across Africa. This merger also underscores KGAL’s investment strategy in renewable energy. The collaboration promises to tackle Africa's energy challenges, provide sustainable economic growth, and offer lucrative investment opportunities in the renewable sector.
Sectors
- Renewable Energy
- Infrastructure
Geography
- Africa – The central focus of the article is on solar energy projects and potential in sub-Saharan Africa.
- Europe – The companies involved, EWIA Green Investments and KGAL, are based in Europe, specifically Germany.
Industry
- Renewable Energy – The article focuses on solar power projects, highlighting a merger aimed at expanding solar energy solutions in Africa.
- Infrastructure – The discussion of solar projects includes aspects of infrastructure development and financing, crucial for deployment across Africa.
Financials
- EUR 15 billion – The value of assets under management by KGAL, a shareholder involved in the merger.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EWIA Green Investments GmbH | Acquirer | Company | A company specializing in providing solar energy solutions in Africa, now expanding through the acquisition of SunErgy. |
| SunErgy GmbH | Target Company | Company | A Norway-founded company focused on off-grid solar solutions in emerging markets, particularly in Africa. |
| KGAL GmbH & Co. KG | Main Shareholder of SunErgy | Company | An investment and asset manager specializing in real assets, involved as a significant shareholder in SunErgy. |
| Republic of Cameroon | Contractor | Government | Partnering with SunErgy to electrify villages in Cameroon through mini-grid solar solutions. |