EWIA Green Investments GmbH, the Munich and Accra-based industrial solar solutions provider, has announced the acquisition of SunErgy GmbH, marking a significant step in its strategy to broaden its footprint in Africa’s renewable energy sector. This move enables EWIA to diversify into the mini-grid and off-grid markets, particularly enhancing its presence in Cameroon.
The acquisition follows a two-year collaboration among EWIA, SunErgy, and KGAL, focusing on solar projects across sub-Saharan Africa. Under the new agreement, EWIA will acquire all shares in SunErgy, while SunErgy’s existing shareholders will take stakes in EWIA Green Investments GmbH.
SunErgy, founded in Norway in 2010, has been instrumental in providing off-grid solar energy solutions through mini-grids in emerging markets. Notably, the company has been active in Cameroon, where it signed an agreement in 2014 with the Republic of Cameroon to supply solar power to 92 villages in the southwest region, encompassing approximately 115,000 families.
Managing Director of EWIA, Ralph Schneider, emphasized the strategic importance of the merger: “The merger of EWIA and SunErgy is a meaningful step toward realizing our strategy of becoming one of the leading providers of solar solutions for sub-Saharan Africa.”
With this acquisition, EWIA aims to address the energy challenges faced by many African countries, where high electricity prices and frequent power outages hinder economic and social development. EWIA seeks to provide sustainable and cost-effective energy solutions to underserved communities by expanding into the mini-grid and off-grid markets.
The merger also brings experienced investors into EWIA’s fold. KGAL, SunErgy’s main shareholder, has a long-standing history in renewable energy investments. Michael Ebner, Managing Director of Asset and Portfolio Management at KGAL, stated, “We are pleased to entrust SunErgy to EWIA and support the company’s continued growth. The African renewable energy market offers impact investors a wide array of opportunities.”
This strategic acquisition positions EWIA to play a pivotal role in Africa’s transition to renewable energy, leveraging SunErgy’s expertise in off-grid solutions to expand its impact across the continent.
