Salpha Energy has announced a N2bn investment from All On to expand energy access in off-grid areas.
In a statement yesterday, Salpha Energy said this will enable it to significantly scale its operations, diversify its solar product range, and expand its solar assembly facility.
The Chief Executive Officer of All On, Caroline Eboumbou, expressed satisfaction with the partnership, stating, “All On is happy to provide local currency financing to help local industries solve the long-standing industry currency mismatch risk. This investment aligns directly with our mission to bridge the access-to-energy gap in Nigeria by backing indigenous companies that are innovating for impact.”
The Founder and CEO of Salpha Energy, Sandra Chukwudozie, hailed the investment as a “huge step forward” in the company’s ambitious mission to provide solar systems designed and assembled in Africa.
She emphasised, “It’s not just about access to electricity; it’s about dignity, productivity, and opportunity for the over 600 million people across Sub-Saharan Africa who are still off-grid.”
The statement explained that Salpha Energy’s comprehensive solar systems, spanning from 150 watts to 100 kilowatts, are integrated with battery storage and smart inverters, meticulously designed to meet the unique energy needs of African households and businesses.
“These systems have been instrumental in supporting essential services such as lighting, refrigeration, ventilation, and powering medical equipment in primary healthcare centres, micro-enterprises, and schools situated in off-grid and weak-grid areas. The company proudly reports that its solutions have positively impacted over two million lives in Nigeria to date.
“This strategic partnership underscores a shared commitment to sustainable development and economic empowerment through expanded access to clean, reliable energy across Nigeria,” the statement concluded.
