African solar power developer for the commercial and industrial sector (C&I), Rensource Energy, announced the signing of an additional 1.4 MW worth of projects in Nigeria to be constructed in early 2023. These projects will bring Rensource Energy’s project portfolio to 14.6 MW under construction and 70 MW in the pipeline.
The new projects range in size from 300 kWp to 700 kWp, include storage capacity and reflect a strong demand for sustainable, affordable and reliable power in Nigeria going into 2023.
Also read: Nigeria startup financing: Fundraising through syndicates
Rensource Energy’s ability to deliver innovative systems tailored to customer needs is reflected in the diversity of clients these installations will serve, ranging from pharmaceuticals to hospitality and agriculture.
As interest rates continue to rise in Nigeria, fuel costs soar and electricity access slowly expands, the C&I sector will continue to seek affordable state-of-the-art power solutions to meet their needs. Rensource is the service provider of choice across Nigeria’s key growth sectors, given its superior ability to design, fund, and execute solar projects of all sizes.
Also read: Financial regulation in Nigeria: Payment card data security standards
Prince Ojeabulu, CEO of Rensource Energy, commented that, “2023 will be a big year for Rensource, and we are thrilled to start the year strongly with 1.4 MW worth of new projects signed. Moreover, our team has proven that it can adapt to the needs of any customer, be it a large pharmaceutical processing facility or a popular tourist hotel. We look forward to working with our industry-leading construction partners to execute these projects in record time.”
