All On, an influential investor in off-grid energy impact, has announced a $200,000 investment in Enerplaz PayGo Solutions Limited, an eco-friendly energy enterprise in delivering Energy-as-a-Service (EaaS) solutions to Micro, Small, and Medium Enterprises (MSMEs) and households in the Niger Delta area.
The investment will help broaden Enerplaz PayGo’s sales network and operational framework. The primary aim is to facilitate the expansion of their EaaS model and the seamless deployment of solar systems with capacities ranging from 1 kilowatt (KW) to 5KW to households and small-scale enterprises in Port Harcourt, Rivers State, and its environs.
According to Prisca Ezuzu, the CEO of Enerplaz PayGo, there has been a consistent rise in per capita energy demand, accentuated by the recent removal of petrol subsidies in Nigeria.
This has substantially augmented the craving for more efficient and sustainable energy alternatives, amplifying the significance and timeliness of their endeavours.
Caroline Eboumbou, the Chief Executive Officer of All On said:
Since 2021, Enerplaz has introduced a solar-powered Energy-as-a-Service (EaaS) model that caters to the energy needs of micro and small businesses as well as residences. It has successfully deployed 92 kilowatts of power to businesses and residences within the Port Harcourt area since it started operating.
In Nigeria, the momentum of Solar solutions is accelerating, with key players like Engie Energy Access and other stakeholders pioneering electricity solutions in regions devoid of adequate power supply.
An impactful move unfolded in September 2022 when Engie Energy Access announced a pivotal project finance agreement with investment firm CrossBoundary Energy Access (CBEA).
This collaboration aims to construct an impressive $60 million portfolio of mini-grids, strategically designed to connect more than 150,000 individuals to the power grid across Nigeria.
It is crucial to recognize that the development of solar solutions in these unserved or underserved areas extends beyond mere illumination.
Communities gaining access to these solutions are also equipped with an array of productive-use appliances, fostering income generation and enabling them to earn a livelihood that benefits not only their families but also the entire community.
These appliances encompass a spectrum of functionalities, including milling activities, cybercafes, cellphone charging stations, greenhouses, and cold storage rooms.
The transformational impact of such initiatives underscores the potential to uplift both the socio-economic fabric of communities and the broader landscape of sustainable energy access.
Exchange rate for cargo clearance jumps to N1605.8/$1
Parent visa: 5 countries that offer visas allowing family members reside with you
Banking malware attacks rise by 8% in 2023 in Nigeria – Kaspersky
FG to resume repair work on Third Mainland Bridge on Thursday
Senate to probe surge in cement prices
LASG plans to revert Ikeja’s Computer Village to residential zone
Ogun state shuts down Harvarde College’s Nursing department for lack of accreditation
- News6 months ago
British Council Hikes IELTS Fees in Nigeria: Here’s Why
- Politics4 months ago
Why I want to be the next governor of Kogi State – ADC’s Abejide
- Politics5 months ago
“Should Atiku Call Tinubu to Remove Wike as FCT Minister, He Will be Sacked” – Bwala Reveals
- News5 months ago
It’ll take Nigeria 20 years to produce enough doctors, pharmacists, others – Stakeholders
- News6 months ago
DS Kalu – We Will provide legal framework to boost direct foreign investments
- Investigation6 months ago
NDLEA chiefs accused of N3.7m bribery
- Business6 months ago
FG to Fast-Track AfDB’s SAPZ Project to Boost Agricultural Growth
- News6 months ago
Woman killed in Benin after overhead water tank collapses