To be a one-stop shop for development and deployment of renewable energy in Nigeria
To promote efforts aimed at reducing green house emmissions of old and new urban areas in Nigeria
Access to affordable, reliable, and competitive energy is a huge challenge in Nigeria and provides great opportunities for service providers that have the appropriate and necessary solutions adapted to our unique socio-economic, political, environmental, technological, and legal realities. Nigerian energy consumers demand for a supply that meets their needs when and where they require it.
With a population of over 170 million people and growing, the increasing appetite for more power in Nigeria is clear. Currently, Nigeria has an installed generation capacity of about 12.5GW dominated by thermal and hydro generation installations. However, it is only able to generate, transmit, and distribute about 4GW worth. This translates to about an average access rate of 45% or rural access rate of 36% and urban access rate of 55%, leavingabout 20 million households that have no access to power. In a country with a projected housing deficit of about 17 million, this presents both a challenge and an opportunity for providing the appropriately priced housing and the requisite energy solutions to power these homes.
Through the synergy of strategic corporate partnerships, we are building a worthwhile future
We have a vision to create sustainable energy powered housing in every city in Nigeria
We are powered by team work Architects, builders, Energy consultants, brokers etc
ASSESSMENT OF ENERGY REQUIREMENTS
A simple rule of thumb when embarking on a solar project is understanding it takes 100 sqft for every 1kW of solar panels. Extrapolating this, a 1 MW solar PV power plant should require about 100000 sqft (about 2.5 acres, or 1 hectare). 1 acre of land is equal to 43,560 Sq ft.
INSPIRED TECHNOLOGY OPTIONS
The goal here is to provide power solutions that are completely off grid. While solar has been and remains the model for operation in our solution provision because of its increasing cost competitiveness and technology efficiency, we’ve considered other equally viable options such as wind, highly efficient diese generators, mini hydro, biomass etc
FUNDING / FINANCING REQUIREMENTS
Several funding options have been identified to facilitate the implementation of the energy solutions projects in Nigeria. They include accessing grants that provide financing for inception or validation projects. Potential sources include: ADfID funded Solar Nigeria Programme, International Solar Cities Iniitiative, Nextier Power., the World Bank etc Consumer financing options will include:
- Onetime payment by housing off takers on purchase of homes
- Lease to own Payment plan
- Pay as you go structure spread over a certain tenure
OPERATION AND MAINTENANCE STRUCTURE
For each of the solution options, there will be an operation and maintenance structure post deployment that manages the daily deployment of power solutions.