A renewable energy developer and investor RP Global along with energy access solutions provider OOLU Solar, announce the launch of Westa.Solar, a commercial and industrial (C&I) solar venture that has deployed its first solar PPA project in Nigeria.
The 500kWp solar installation will supply Petrichor Industries with almost a quarter of its energy needs as well as improve its resilience against frequent power outages. The project was jointly financed by Westa.Solar and a grant from the UK Foreign & Commonwealth Development Office.
The C&I venture intends to develop and implement a large pipeline of C&I solar projects in West Africa. As such, Westa.Solar will support business development and increase penetration of renewable energies across the country.
C&I venture hits the mark in West Africa
Located in Kano State, northern Nigeria, Petrichor Industries specialises in the manufacture of packaging products. Like many businesses in Nigeria, growth opportunities are constrained by expensive electricity tariffs and an unstable grid, with the frequent stop-start of power outages limiting production and increasing operating and maintenance costs.
It will also enable the company to minimise its reliance on diesel generators, thereby reducing both its overall energy costs and carbon footprint.
Kolawole Akinboye, Westa.Solar Nigeria Country Manager, said: “This is the first of what we hope to be many solar power projects for C&I companies in Nigeria. This solar PV installation is projected to help Petrichor generate savings of over N235 million over the next 10 years and support its long-term growth ambitions.
“Our solar hybrid systems are a great solution for businesses with high energy needs. Ranging from 50kW to 5MW, our systems are fully customised to meet client demand. By providing a reliable supply at a competitive price we offer greater financial predictability and contribute to decarbonizing the Nigerian energy mix.”