- ZOLA will expand its distributed smart storage + solar energy model and launch an affordable renewable energy alternative for Nigerians in a bid to deliver clean energy access to over 1 million households and businesses in Nigeria over the next three years.
- The model includes their PAYGo micro-finance leasing and mobile money payments.
- ZOLA’s energy access model is financially inclusive and adaptable to energy need and income.
ZOLA Electric has announced plans to in-road into the Nigerian market with clean and affordable solutions. The company’s CEO , Bill Lenihan said ZOLA’s entry into the Nigerian market is in line with the mission of the company to use distributed renewable energy solutions to make clean, affordable reliable 24 hour accessible for anyone, anywhere.
ZOLA currently has over 200,000 installations and more than 1 million daily users in Tanzania, Rwanda, Côte d’Ivoire and Ghana. Lenihan added “We are super excited to make our clean, affordable and reliable 24 power solutions available to Nigerian homes, business and organizations”.
Lenihan explained that ZOLA will expand its distributed smart storage + solar energy model and launch an affordable renewable energy alternative for Nigerians in a bid to deliver clean energy access to over 1 million households and businesses in Nigeria over the next three years.
According to him, the expansion is focused on improving environmental, health and economic outcomes while driving the transition to clean, renewable energy. Nigeria is a rapidly expanding economic powerhouse, with population growth tipped to surpass the United States by 2050. It is Africa’s largest economy and its biggest oil producer.
Despite this, the Nigerian electrical grid is unable to meet basic energy demands at micro level. Power from the grid is unreliable and expensive and this has driven most households in Nigeria to rely on diesel generators to power their basic energy needs.
“With the current electricity access deficit in Nigeria affecting an estimated 80million people each day, ZOLA’s expansion will help Nigerian homes and businesses to access reliable 24 hour, with smart storage + solar for a monthly price that is less than the average energy outlay on diesel generators.
“By combining our PAYGo micro-finance leasing and mobile money payments, ZOLA’s energy access model is financially inclusive and adaptable to energy need and income” said Lenihan.
He further revealed that the affordability of ZOLA’s systems allows customers to redirect their current energy spend on diesel and power bills towards a smart storage and solar system that they will own in the long term resulting in significant cost savings for customers.
“Our power systems give customers the flexibility to use their own home appliances at any time of the day. Reliable power generates economic productivity – businesses can stay open for longer or use evening hours for other income generating activities”, he added.
Author: Bryan Groenendaal