Financial services provider FedGroup has acquired a controlling stake in provider of installed solar photovoltaic commercial projects in South Africa Emergent Energy. The acquisition is aimed at vertically integrating FedGroup’s Direct Ownership investment platform into the solar energy generation sector, to rapidly scale the project and meet growing demand. FedGroup in November 2016 launched the first iteration of the Direct Ownership fintech platform as a new way for local investors to generate wealth through the burgeoning sharing economy. “Our vision was to disrupt the traditional investment paradigm by offering the public access to a broader range of income-generating assets,” explains FedGroup CEO Grant Field.
Source: www.engineeringnews.co.za
FedGroup acquires controlling stake in Emergent Energy
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