Independent power producer in the renewable energy sector, RP Global has called for an economic improvement in modern businesses through renewable energy.

According to reports, Nigeria has an electrification rate of 45 percent and despite this relatively low figure in conjunction with the significant issues undermining power supply in the country, demand for electricity keeps increasing, especially from the Commercial and Industrial business sectors.

The impact of alternative and renewable energy on businesses can never be overemphasized as this represents a unique opportunity to meet climate goals while fueling economic growth, creating new employment opportunities and enhancing human welfare.

RP Global, a leading renewable energy developer and investor, and OOLU, a leader in energy access solutions in West Africa have come together to launch Westa.Solar, a Commercial & Industrial (C&I) Solar Venture in West Africa to address the energy need in this market.

Read also: The Growing Attractiveness of Solar Power for Nigerian Businesses

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According to a statement by RP Global and Oolu, Westa.Solar has delivered a 500kWp solar installation in Kano, Nigeria to supply PETRICHOR Industries with almost a quarter of its energy needs as well as improve its resilience against frequent power outages. It will also enable the company to minimize its reliance on diesel generators, thereby reducing both its overall energy costs and carbon footprint.

Westa.Solar’s Nigeria country manager, Kolawole Akinboye explained: “This is the first of what we hope to be many solar power projects for our C&I company in Nigeria. This Solar PV installation is projected to help PETRICHOR generate savings of over N235 million over the next 10 years and support its long-term growth ambitions.

“Our solar hybrid systems are a great solution for businesses with high energy needs. Ranging from 50kW to 5MW, our systems are fully customized to meet client demand. By providing a reliable supply at a competitive price, we offer greater financial predictability and contribute to decarbonizing the Nigerian energy mix.”

He also added that alternative and renewable energy is one of the reliable ways to ensure business growth and clean energy for Nigerian modern businesses.

Ifeoma Okeke-Korieocha is the Aviation Correspondent at BusinessDay Media Limited, publishers of BusinessDay Newspapers. She is also the Deputy Editor, BusinessDay Weekender Magazine, the Saturday Weekend edition of BusinessDay. She holds a BSC in Mass Communication from the prestigious University of Nigeria, Nsukka and a Masters degree in Marketing at the University of Lagos. As the lead writer on the aviation desk, Ifeoma is responsible and in charge of the three weekly aviation and travel pages in BusinessDay and BDSunday. She also overseas and edits all pages of BusinessDay Saturday Weekender. She has written various investigative, features and news stories in aviation and business related issues and has been severally nominated for award in the category of Aviation Writer of the Year by the Nigeria Media Nite-Out awards; one of the Nigeria’s most prestigious media awards ceremonies. Ifeoma is a one-time winner of the prestigious Nigeria Media Merit Award under the 'Aviation Writer of the Year' Category. She is the 2025 Eloy Award winner under the Print Media Journalist category. She has undergone several journalism trainings by various prestigious organisations. Ifeoma is also a fellow of the Female Reporters Leadership Fellowship of the Wole Soyinka Centre for Investigative Journalism.

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