Salpha’s Solar Push Gains Momentum

Key Figures & Findings: All On, a Shell-backed impact investment company focusing on energy access, has committed N2 billion to Salpha Energy, Nigeria’s female-led solar home system assembly company. The investment is poised to scale Salpha’s operations, broaden its product range, and expand its local assembly capacity. Salpha’s CEO, Sandra Chukwudozie, emphasized the criticality of this support, underscoring the firm’s mission to empower over 600 million off-grid Africans with sustainable solar solutions. Caroline Eboumbou, CEO of All On, highlighted the significance of the local currency financing, stating it directly addresses the sector’s longstanding currency risk challenges.

Statistics & Insights: Salpha’s turnkey solar solutions, ranging from 150 watts to 100 kilowatts, have already impacted over 2 million lives in Nigeria by powering healthcare facilities, micro-enterprises, and schools. The expanded plant will further enhance Salpha’s capacity to deliver clean energy and economic opportunity across Nigeria.

Future Implications: By 2030, Salpha’s expanded capacity could significantly boost clean energy adoption across Sub-Saharan Africa, fostering local innovation and creating thousands of sustainable jobs. The project may also catalyze similar investments in women-led renewable energy ventures.

Source: BusinessDay