•  
  •  
  •  

Engie buys more shares in KiWi Power

Solar panels in London. Author: Tom Page. License: Creative Commons, Attribution-ShareAlike 2.0 Generic.

November 27 (Renewables Now) - French utility Engie SA (EPA:ENGI) has increased its ownership stake in UK distributed energy resource aggregator KiWi Power following an initial investment three years ago.

Engie has bought more KiWi Power shares from the business’ two co-founders, Yoav Zingher and Ziko Abram, according to a statement on Monday, which does not provide any additional details regarding the transaction.

When first investing in KiWi Power, Engie said that it recognises large potential for synergies between the two companies. At the time, they teamed up to provide demand response services and develop energy storage projects.

KiWi Power said on Monday that this latest share-purchase transaction marks the start of the next phase of growth for the UK firm.

More stories to explore
Share this story
Tags
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription