April 17, 2024
Suit 25, Mangal Plaza, Nouakchott Street, Wuse Zone 1, Abuja- Nigeria.
RENEWABLE ENERGY

Firm Invests $3 Million to Boost Nigeria’s Renewable Energy

A Nigerian impact investment company ‘All On’, has announced a strategic $3 million bridge round investment in Arnergy, a market leader in distributed renewable energy products and solutions.

This infusion of capital by the firm, one of Arnergy’s Series A investors, positions Arnergy to leverage the growing demand-supply gap for solar systems in Nigeria.

Arnergy has established itself as a trusted partner for businesses and communities, offering reliable and sustainable renewable energy solutions since 2013 to address the pervasive energy reliability challenges across emerging markets.

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From comprehensive mini-grid development to efficient financing and ongoing support, their work bridges the energy gap and empowers Nigerians across diverse industries.

The Sun reports that with the recent removal of fuel subsidies, escalating diesel prices, and increasingly stringent macroeconomic conditions, the imperative for energy cost savings has never been more critical for sustaining businesses and enhancing the quality of life for Nigerians.

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