Grene Capital expands Jabi Lake Mall solar footprint by 150%

Grene Capital, the Africa-focused real assets manager has completed a major solar expansion at Jabi Lake Mall in Abuja, further strengthening the asset’s position as one of Nigeria’s leading retail and lifestyle destinations.

“This project reflects how disciplined, long-term capital investment can strengthen an asset’s performance and resilience at the same time,” said Tolu Sokenu, Partner at Grene Capital.

“We look for opportunities to enhance the quality and relevance of our assets in ways that create lasting value — and future-proof a market-leading mall,” Sokenu added.

The original 600 kWp installation established Jabi Lake Mall as Nigeria’s first solar-powered mall and one of the earliest large-scale renewable energy deployments in the country’s retail sector.

The latest expansion, delivered in strategic partnership with Elektron Renewables acting as project developer, builds on that foundation and demonstrates continuity in investment philosophy.

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Sianny Ayodele, Head of Elektron Renewables said, “Distributed renewable energy is becoming increasingly central to the resilience and efficiency of commercial and industrial assets across Africa.

“Projects like Jabi Lake Mall show how institutional capital can accelerate the deployment of scalable energy infrastructure that strengthens asset resilience, improves energy stability, and delivers measurable development impact while supporting long-term economic growth,” Ayodele said.

The expansion adds 900 kWp of photovoltaic capacity to the mall’s existing solar installation, increasing total installed solar capacity to 1.5 MWp.

The upgraded system is expected to generate approximately 175,000 kWh of clean electricity monthly, offset diesel generation and avoid about 1,680 tonnes of CO₂ emissions annually while enhancing resilience to grid volatility and rising energy costs.

This reinforces Grene Capital’s ESG strategy, integrating environmental responsibility, operational efficiency, and long-term asset resilience across its portfolio.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.