News Briefing: Utilities, Oil & Gas Companies Pour Money into Renewables + Institutional Investors Drives New Sustainable Infrastructure Fundraising

Utilities, Oil & Gas Companies Continue to Invest in Renewables

French electric utility Engie continued its investments in renewable energy with the October acquisition of Fenix International, a U.S.-based start-up that focuses on off-grid residential solar in Africa. In 2015, Fenix closed a $12.6 billion Series B funding round, raising money from Engie, Schneider Electric, and Orange France Telecom. Engie’s other recent acquisitions have included behind-the-meter smart energy storage firm Green Charge Networks and electric vehicle charging company EV-Box.

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