Bboxx acquires distributed solar provider PEG Africa

Bboxx now operates in ten markets. Image: Bboxx.

Pay-as-you-go solar company Bboxx has gained access to four additional African markets with the acquisition of distributed energy resources provider PEG Africa.

Offering a solution that allows customers to pay for and own solar systems through monthly instalments, PEG has expanded rapidly across West Africa, reaching 1 million people with its solar home systems in Senegal, Ivory Coast, Ghana and Mali, according to Bboxx.

PEG customers will now benefit from Bboxx’s platform, which offers products and services including solar home systems, clean cooking solutions, finance products and mobile phone technology.

UK-headquartered Bboxx launched a service earlier this year to provide renewable energy solutions to off-grid communities in Africa.

The company has since joined forces with telecommunications company Orange to launch a solar mini-grid project to help accelerate clean energy access for households in the Democratic Republic of Congo.

With the acquisition of PEG, Bboxx said it consolidates its position as a provider of clean energy solutions in Africa, with more than 35MW of installed solar capacity.

“In West Africa alone, there are over 150 million people with no access to electricity. By gaining access to new markets and utilising PEG’s impressive operational experience, we will strive to change that,” said Mansoor Hamayun, CEO and co-founder of Bboxx.

Read Next

October 6, 2022
Portuguese utility EDP Renewables (EDPR) has completed the acquisition of a 70% stake in German solar developer Kronos Solar Projects.
October 6, 2022
Canadian energy company Suncor Energy has reached an agreement to sell its solar and wind assets to Canadian Utilities, an ATCO subsidiary, for C$730 million (US$535 million).
October 4, 2022
NovaSource Power Services has acquired First Solar’s Australian operations and maintenance (O&M) business, adding approximately 500MW of PV projects to its fleet in the process.
October 3, 2022
RWE has signed a purchase agreement with Con Edison to acquire all shares of its renewable energy subsidiaries, Con Edison Clean Energy Businesses.
October 3, 2022
PV module producer Solaria Corporation will merge with solar services provider Complete Solar, the US companies announced today.
September 30, 2022
US renewable energy major Brookfield Renewable has agreed to spend up to US$2 billion in order to acquire both Scout Clean Energy and Standard Solar.

Subscribe to Newsletter

Upcoming Events

On-Demand Webinars, Solar Media Events
October 11, 2022
Virtual event
Upcoming Webinars
October 18, 2022
10am (EDT) / 4pm (CEST)
Solar Media Events
November 29, 2022
Malaga, Spain