A Consortium Led By IBL Group To Purchase Majority Stake In Equator Energy
, and STOA, an energy and infrastructure impact fund created by Caisse des Dépôts et Consignations and Agence Française de Développement . Completion of the transaction is subject to the fulfillment of certain conditions precedent, including the obtention and satisfaction of relevant legal and regulatory requirements.
“We are delighted for IBL and STOA to lead Equator Energy through its next phase of growth,” said Charlie Tryon, CEO of Maris. “Their experience and capacity will allow the company to reach new heights and markets and cement its leading position in the C&I solar sector in Africa.” “We are delighted to provide our support to the exceptional growth undertaken by Equator Energy,” said Marie-Laure Mazaud, CEO of STOA. “Within a few years the company has managed to build a very strong portfolio of operating assets together with an impressive pipeline of very happy customers. As an impact fund, STOA is very proud to see that our investment will provide the affordable electricity needed to continue the industrialization of our core countries of focus in sub-Saharan Africa.
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