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CFAO Kenya invests in OFGEN to expand use of renewable energy In Africa

Story Highlights
  • The company has developed innovative solutions including smart financing models and monitoring systems that can support large scale deployment of industrial solar PV solutions in Kenya.

 CFAO Kenya Limited, a subsidiary of CFAO group (Corporation for Africa and Overseas), has announces an investment in OFGEN Limited, a leader of solar PV installation for commercial and industrial use in East Africa.

CFAO Kenya has worked with OFGEN Limited since 2018 to solarize CFAO Group owned premises within Kenya and Uganda.

CFAO group will continue to leverage OFGEN’s expertise in commercial solar PV installation to solarize all its business premises within the East African Region, in line with the Group carbon neutrality programme and commitment to 50% reduction in its CO2 emission by 2030.

With this investment, CFAO group’s ambition is also to contribute to promote initiatives towards expanding the use of renewable energy in Africa.

Amb. Dennis Awori, Chairman and Country Delegate of CFAO Kenya said OFGEN’s impressive footprint and projects pipeline made it a strong addition to the group’s renewable energy portfolio and the investment will help CFAO group accelerate penetration of the Commercial & Industrial renewable energy market. 

Source
Deal Street

Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email: nichole@getfundedafrica.com

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One Comment

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