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B.B. Energy (BBE) has announced the acquisition of Solarcentury Africa.
- Solarcentury currently has a total installed capacity of 2.1GW across the continent.
- BBE is looking to expand its services to C&I consumers across Africa.
London- based oil and gas trading company, B.B. Energy (BBE) has announced the acquisition of Solarcentury Africa. This acquisition will see Solarcentury’s assets become a part of BBE Renewables, BBE’s subsidiary. BBE is looking to participate in Africa’s growing commercial and industrial (C&I) solar sector. Solarcentury currently has a total installed capacity of 2.1GW across the continent, with the energy generated being sold to mining companies and large C&I customers.
Chahid Jarmouni, Global Head of Renewables at B.B. Energy, stated that “the acquisition of Solar Century Africa is a major step in our energy transition journey. This investment will help us achieve key milestones in our strategy less than a year after the launch of the renewable energy division. Solarcentury Africa will provide a comprehensive set of in-house technical expertise and experience in the growing solar and battery sector.”
Solarcentury’s portfolio also includes hybrid solar power plants. The company recently commissioned two such plants with a cumulative capacity of 2.25M Eritrea; for example, Solarcentury Africa has commissioned two hybrid solar plants with a combined capacity of 2.25 MW. The plants also have diesel generators for backup power provision. Both power plants provide electricity access to about 40,000 people and some community infrastructure and businesses.