Sector: Solar Renewable Energy, Commerce, and Industry
Business Activities: Solar Power Plant Development: Establishment of solar power plants across Nigeria to support the nation’s energy transition.
Power Purchasing Agreements: Collaborating with private sector entities, Electricity Distribution Companies (DisCos), Electricity Transmission Companies (TransCos), State Governments, and the Federal Government to secure power purchasing agreements.
Strategic Partnerships: Engaging with Rural Electrification Agency (REA) and Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to deploy solar power plants and develop solar application products tailored for SMEs and security agencies, including the Surferlite solar emergency lights and sirens.
Status:OEM and EPC Contracts: Successfully signed OEM and EPC contracts with key partners to ensure the quality and efficiency of the projects.
Project Goals & Expectations
Memorandums of Understanding (MOUs): Secured MOUs with REA and SMEDAN to advance the deployment of solar energy solutions across Nigeria.
Requirements for success
Financial Investment: $50 million required for the rollout of solar power plants.
Technical Expertise: A capable technical team, experienced OEMs, and a reliable EPC contractor.
Government Support: Securing government guarantees for power purchase agreements and offtake arrangements to ensure project viability and long-term success.