RP Global, Oolu create C&I solar JV in West Africa with Nigerian debut
Westa.Solar's PV installation for Petrichor Industries in Nigeria. Source: Westa.Solar.
Renewables developer and investor RP Global and solar distributor Oolu Solar are launching a joint venture (JV) in West Africa to serve commercial and industrial (C&I) customers in the region.
The JV, called Westa.Solar, has already delivered a 0.5-MWp solar project under the power purchase agreement (PPA) model to Petrichor Industries in Nigeria, mainly financed by Westa.Solar and a grant from the UK Foreign & Commonwealth Development Office. The contract is expected to meet almost a quarter of the energy needs of the packaging products maker.
“This is the first of what we hope to be many solar power projects for C&I companies in Nigeria,” said Kolawole Akinboye, Westa.Solar Nigeria Country Manager. According to him, Petrichor will save over NGN 235 million (USD 572,000/EUR 479,000) over the next 10 years thanks to this project.
Westa.Solar intends to develop and implement a large pipeline of C&I solar projects in the region over the next few years. It will offer customisable systems that range in size from 50 kW to 5 MW.