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Arnergy
Nigerian solar power company From Wikipedia, the free encyclopedia
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Arnergy Solar Limited is a Nigerian solar power company based in Lagos, Nigeria.[1][2] It provides energy for small businesses in Nigeria.[3][4]
 | This article contains paid contributions. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. (August 2021) |
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History
The company was started in 2013 by Femi Adeyemo, the incumbent CEO, and Kunle Odebunmi from personal savings and capital.[5]
In July 2015, Nigeria's Bank of Industry invested in the company to fund a project to provide rural communities with off-grid solar systems[6] which was also supported by UNDP.[7]
In December 2015, the Solar Nigeria Programme, part of the Department for International Development (DfID), granted a 100,000 Pounds (US$146,000) to expand the operations in Northern Nigeria.[8]
In June 2019, Breakthrough Energy Ventures along with Norfund invested US$9 million in the company.[9][10][11]
In December 2020, the Federal Government of Nigeria gave $9 million to provide solar energy to 20,000 micro, small and medium businesses in rural communities in the country.[12]
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Recognition and award
In February 2021, it was recognized by Canada High Commissioner for their energy optimization efforts in Nigeria.[13] By March of the same year, it received Africa Brand Award for its contribution in development of solar energy in Nigeria.[13]
References
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