A Consortium Led By IBL Group To Purchase Majority Stake In Equator Energy
27 Mar 2023

Read the full original article here from Clean Technica

Equator Energy is a fully integrated solar power provider headquarted in Nairobi, Kenya. Equator Energy also has a presence in Uganda, as well as regional staff in South Sudan, Somalia, and Zimbabwe. The design, installation, operation, and maintenance of its solar power plants is all done in-house. Equator Energy was launched in 2016 by Maris Ltd and Nvision Ltd. Its solar portfolio currently stands at 35 MW in operation, with an additional 17 MW in procurement.

Some of its recent projects include:

  • 4.4 MW solar-diesel hybrid plant for Turk Mine, gold mine, Zimbabwe
  • 5 MW solar-diesel hybrid plant for Golden Quarry, gold mine, Zimbabwe
  • 5 MW grid-tied solar plant for AfroPlast, factory, Uganda
  • 1 MW grid-tied solar plant for Milly Glass, factory, Kenya

Maris Ltd and Nvision Ltd have recently announced the sale of a majority stake in Equator Energy Ltd to IBL Energy Holdings Ltd, a fully owned subsidiary of the Mauritian conglomerate, IBL Group, and STOA, an energy and infrastructure impact fund created by Caisse des Dépôts et Consignations (CDC) and Agence Française de Développement (AFD). Completion of the transaction is subject to the fulfillment of certain conditions precedent, including the obtention and satisfaction of relevant legal and regulatory requirements.