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.