All On, a Nigerian impact investment company through its Demand Aggregation for Renewable Technology (DART) program has signed a $2.25 million credit facility investment with Baobab Plus Nigeria, a provider of innovative energy and digital solutions to deploy 1,536 Solar Energy Systems (SES) ranging between 600W – 3KW through its Distribution Channels across the country.
The collaboration aims to utilize Baobab+ Nigeria’s current Pay-as-you-Go (PAYGO) Agent Network in 21 locations across South West, North Central and North West of Nigeria, to reach the goal of deploying 1,536 SES.
With this investment, Findings showed Baobab+ will also be expanding its PayGo Agent Network into new locations and leveraging its collaboration with financial institutions across the country.
“This deployment will mark a pivotal moment towards a sustainable energy future in Nigeria by providing affordable, reliable solar energy products for SMEs and Individuals,” a statement by All On said.
It noted that Baobab+ Nigeria and All On DART’s programme are not only illuminating homes and communities of the underserved and unserved, but also empowering communities, and protecting the environment.
Chinese (Simplified)
Arabic
Dutch
English
French
German
Italian
Portuguese
Russian
Spanish