To boost electricity supply, westa.solar, a leading provider of Commercial and Industrial solar solutions, has commissioned a 990kWp solar installation at Aspira Nigeria Limited.
The commissioning brings its installed solar capacity in Nigeria to 3 MW in 2023.
Westa.solar said this was part of its commitment to deepen renewable energy in Nigeria, adding, “This latest expansion of their installed solar capacity is a testament to their dedication to addressing Nigeria’s power crisis, as this will help bridge the gap in power supply, providing clean, reliable, and sustainable energy to businesses across the country.”
It would be recalled that Westa.solar had secured a mezzanine loan of over a million dollars from the Development Bank of Austria (OeEB) in 2022 to grow its portfolio.
The company’s Power Purchase Agreement (PPA) model offers a robust power supply solution that includes financing, design, procurement, installation, and maintenance of rooftop and ground-mounted solar projects for Commercial and Industrial clients in West Africa.
By providing finance for the projects, westa.solar uptakes the initial capital investment which is typically a high amount of funds for a large turn-key solution hence ensuring a competitive Levelized Cost of Energy (LCOE).