Ignite Power has announced plans to acquire 100% of ENGIE Energy Access (EEA), forming Africa’s largest distributed renewable energy (DRE) provider.
The Abu Dhabi-based company will relaunch the combined entity as Ignite Energy Access, expanding operations to 14 countries and providing sustainable energy to more than 15 million people.
The acquisition, subject to regulatory and antitrust approvals, is expected to conclude in the coming months. Once finalised, it will mark Ignite’s fourth transaction in two years and more than double its operational footprint across Africa.
Yariv Cohen, CEO of Ignite Power, described the deal as “a transformative milestone for our company and Africa’s energy sector”.
He added: “ENGIE Energy Access has built an exceptional legacy of innovation, operational excellence, and commitment to sustainable impact. By integrating their strengths with our own proven model, we will be creating a full-spectrum energy access company that can scale to meet the continent’s immense energy needs.”
Cohen said the newly formed company aims to “connect millions of people to clean and reliable energy” while supporting economic growth and job creation. Ignite’s goal is to provide sustainable, affordable energy solutions to 100 million people by 2030.
The deal strengthens Ignite’s market position, increasing its total addressable market to more than 250 million people.
The company plans to leverage economies of scale, digital operations, and proprietary platforms for mobile payments, fleet management, and data analytics to enhance affordability and reliability.
Ignite recently secured $15m in funding from Afrigreen to expand its commercial and industrial solar projects.
With over 50MW of deployed capacity and a growing footprint, the combined company aims to serve both rural and urban communities across Africa, contributing to the continent’s ongoing energy transformation.
[Image credit: Ignite Power]
