‘No option to solar energy in Nigeria’

In the face of epileptic power supply and the rising cost of electricity in Nigeria, an energy expert, Engr Theophilus Nweke, has said it is now a growing fact that there is no option for solar energy in the country.

Nweke who is the Managing Director of Cloud Energy, one of Nigeria’s private energy providers, disclosed this at the virtual launch of the Cloud Energy Green Promo on Wednesday.

Unveiled before many resellers, energy stakeholders, and the media during the virtual meeting, the company said the Green Promo lays out an easy to buy and easy to own plan for solar products with a spread payment plan, designed to create permanent access to solar energy.

 Speaking at the meeting, Nweke said the Zoom meeting was triggered by the growing fact that there is no option to solar energy in the face of dwindling supply and the rising cost of electricity.

 The Cloud Energy Green Promo, he said is a robust effort to solve the issue of costs that is the main problem of solar acquisition and ownership.

 The managing director said buying solar systems even got more complicated with rising inflation and unpredictable foreign currency exchange rates.

 “No country can develop without an innovative private sector. Cloud Energy and its international partners put together the Cloud Energy Green Fund to take away the stress of purchase from the consumer’’, he said.

According to him, the choice of the solar products is the consumer’s but the Green Fund pays and allows the consumer to spread the payment in pocket-friendly installments – spread up to 12 months.

 He said the batteries are long-lasting with a low discharge rate, and the inverters are built with robust designs and support the rated load for longer hours.