France-headquartered energy utility Engie has invested undisclosed amounts in India-based solar microgrid developer Mera Gao Power, Guatemala-based off-grid solar energy provider Kingo and Cambodia-based biodigester producer Atec.
The capital for the deals came from Engie and Engie Rassembleurs d’Energies, the company’s employee investment fund.
Paulo Almirante, president of Engie Rassembleurs d’Energies, said: “Through its social impact investment fund Rassembleurs d’Energies, Engie progresses on its commitment to fight against energy poverty by providing access to sustainable energy to deprived populations.
“Not only does it generate a huge impact through the action of the local entrepreneurs it supports but it also rallies new investors in financing the tremendous needs of these industries.
“These three new investments will contribute to Engie’s goal of providing 20 million people around the world with access to sustainable, decentralised energy by 2020.”