Renewable energy developer and investor RP Global, and energy access solutions provider, OOLU Solar have announced the launch of their commercial and Industrial (C&I) solar venture, Westa.Solar, for Nigerian packaging manufacturer Petrichor Industries.
The 500 kWp solar power installation is the first in a consortium of planned C&I solar projects in West Africa expected to be developed and implemented over the next few years.
Located in Kano State, northern Nigeria, Westa.Solar’s first PPA project will supply packaging manufacturer, Petrichor Industries with approximately one quarter of its electricity needs and will reliably ensure energy security at a low cost.
The project is a joint venture financed by Westa.Solar and the UK Foreign & Commonwealth Development Office. Plagued by frequent power outages and an overreliance on diesel generators, the new commercial and industrial solar joint venture is expected to reduce the overall cost of electricity in the region, increase penetration into the renewable energy sector and minimize the Nigeria’ carbon footprint.
Westa.Solar Nigeria Country Manager, Kolawole Akinboye explained, “This is the first of what we hope to be many solar power projects for C&I companies in Nigeria. This Solar installation is projected to help Petrichor generate savings of over $571,430 over the next ten years and support its long-term growth ambitions. Our solar hybrid systems are a great solution for businesses with high energy needs. Ranging from 50 kW to 5 MW, our systems are fully customized 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.”