The consortium secured non-recourse project financing from the Japan Bank of International Corporation (JBIC) in coordination with Sumitomo Mitsui Banking Corporation and Société Générale under a Nippon Export and Investment Insurance cover. The French multinational has been trying to expand its footprint in Africa, and in one such move, the company acquired Mobisol, an off-grid solar solutions corporation. With the acquisition of Mobisol, ENGIE will provide solar home systems in three additional countries in addition to the six where it already has a presence through its sister concern—Fenix International. Engie completed the acquisition of Fenix International in April 2018. Meanwhile, the company's total renewable capacity in India has crossed 1.5 GW after Gujarat Urja Vikas Nigam Limited (GUVNL) awarded a 280 MW solar project as part of the state's Raghanesda Solar Park, which is currently under development.