UK’s Solarcentury has acquired Kenya’s East African Solar Group Ltd for an undisclosed amount for its expansion into East Africa according to sources familiar with the deal.
After the acquisition, the firm has established Solarcentury in East Africa which will be run by Dr Dan Davies, the head of Solarcentury East Africa.
The deal will help Solarcentury , which has worked in region since June 2013 not only expand regionally but design systems for firms to meet their growing demand for energy, cut their dependency on national energy grids and reduce their reliance on costly diesel power.
Though not confirming the deal, Guy Lawrence, former CEO of East African Solar and now Director of Business Development at Solarcentury in East Africa said, “Joining Solarcentury creates a highly competitive offering which is already proving appealing to businesses serious about cutting their energy bills and carbon emissions by reducing their reliance on fossil fuels. Solar is especially beneficial for high energy users such as those in the tea, flower, horticulture and manufacturing sectors where high energy costs can reduce their global competitiveness.”
Last year Solarcentury completed a 1MWp solar farm for Williamson Tea in Kenya and also built the largest solar car port for Garden City, a new opping mall set to be launched in Nairobi.
In 2013, East African Solar designed and installed on-grid solar systems producing over 2.0 MW in Kenya. The acquisition aim to position the firm to deliver solar projects throughout East Africa and not just Kenya and as well up its client potential in the region.