Marubeni invests in Azuri, enters solar home systems sector in Africa

Facebook
Twitter
LinkedIn
Reddit
Email
Back in 2018, Marubeni acquired a stake in WASSHA Inc. and began conducting regional power supply business for off-grid areas in Tanzania. Image: Marubeni

Marubeni Corporation has signed off on an agreement to acquire a stake in Azuri Technologies, entering into the solar home systems sector for off-grid areas in Africa. As a result of this deal, Marubeni’s investment will make the company the largest shareholder of Azuri.

Azuri offers solar home systems, which feature solar panels, batteries, LED lights, radio and 60 channels of satellite TV, to off-grid consumers through installments paid through mobile payment on a pay-as-you-go basis. These systems enable households in off-grid areas to access electricity for business, study and other such activities. Azuri’s systems also give these households access to worldwide information through TV and radio.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

One of Azuri’s top assets is its HomeSmart system, which learns the typical power usage patterns of individual consumers and then adapts energy output to manage the system to each consumer’s specific needs.

Back in 2018, Marubeni acquired a stake in WASSHA Inc. and began conducting regional power supply business for off-grid areas in Tanzania. In May 2019, Marubeni invested in US-based company, GridMarket, which is focused on distributed generation projects using battery storage, solar PV, fuel cells, and combined heat and power. That investment in GridMarket was made to promote distributed generation systems for Marubeni’s customers by applying GridMarket's services particularly in North America, Japan and island areas.

Read Next

June 11, 2024
Release by Scatec has unveiled plans to add 28.6MW of solar capacity and 19.2MWh of battery energy storage systems to its Cameroon portfolio.
June 10, 2024
The Global Solar Council (GSC) has unveiled a new brand, and a new working strategy built around three 'pillars'.
June 6, 2024
Investment in solar PV is expected to surpass all other generation technologies combined with over US$500 billion, according to a report from the International Energy Agency (IEA).
May 7, 2024
Zambian developer GEI Power and Turkish energy technology firm YEO are planning a 60MWp/20MWh solar-plus-storage project in Zambia, expected online by September 2025.
Premium
May 6, 2024
JP Casey explores some of the latest trends shaping Africa's solar sector, where the C&I segment in particular is surging ahead.
April 15, 2024
Pure New Energy (PNE) has sold the 240MW Khauta solar project in South Africa to the NOA Group, an energy company based in the country.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 2, 2024
Athens, Greece
Solar Media Events
July 9, 2024
Sands Expo and Convention Centre, Singapore
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia