EDF buys 50% of BBOXX's off-grid solar power supply business in Togo
Date
October 26, 2018
Type
M&A Transactions
Subtype
Transaction completed
Countries
Togo
Subsectors
Photovoltaic
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Electricite de France (EDF) has acquired the 50% stakes in BBOXX's off-grid solar power business in Togo. The venture contributes to the electrification plan of the government and its aim of supplying over 500,000 people with solar home systems by 2030.
The two companies are aiming for a market share of 35% in Togo by 2024
Financial terms of the transaction weren't disclosed.
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