BB Energy targets Africa solar, storage markets with Solarcentury Africa deal
The Changoi solar project, completed by Solarcentury Africa. Image: Solarcentury.
Independent energy trader BB Energy (BBE) has set its sights on Africa’s solar and storage market by acquiring Solarcentury’s Africa-facing division for an undisclosed sum.
The deal, revealed by Solarcentury last week, will see BBE’s Renewables Division gain access to Solarcentury Africa’s 2.1GW-strong pipeline of solar and energy storage projects, which the company said were all backed by strong regional and international commercial and industrial (C&I) customers.
BBE historically has focused on oil and natural gas trading, but launched a Renewables Division last year which it has looked to grow via M&A activity.