Marubeni enters the solar home systems business for offgrid areas in Africa
Post date: 03/06/2019 - 11:30
Japanese trading company Marubeni Corp. announced to acquire a stake in UK-based Azuri Technologies Ltd. and will become the company’s largest shareholder. Azuri provides solar home systems, which include solar panels, batteries, LED lights, radio and 60 channels of satellite TV, to offgrid consumers through installments paid via mobile payment on a »Pay-as-you-go« (PayGo) basis. These systems enable households in offgrid areas to access electricity for business, study and other such activities.
In 2018, Marubeni acquired a stake in WASSHA Inc. and has since been conducting regional power supply business for offgrid areas in Tanzania.