Mitsui Invests in African Solar Developer to Tap Rising Demand

 In news

Mitsui & Co. is investing in a solar energy developer in Africa to tap surging demand for electricity in the region.

The company will purchase a stake in Kenya-based M-KOPA Solar, which installs solar panels on the rooftops of homes and small businesses and has cumulative sales of over 600,000 units, Mitsui said in a statement on Tuesday. Mitsui didn’t disclose the financial terms of the investment. Source : Bloomberg

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