Around 10% of the 800 million people worldwide living with no access to electricity live in Nigeria. To help give more if its citizens access to power Bboxx has begun rolling out off-grid solar in the southwest of the country.
The company, which makes, supplies and finances decentralised solar powered systems for use in developing countries, is striving to provide affordable energy to 20 million people by the end of the decade. And thanks to funding from investment platform BEAM, established by Bamboo Capital Partners in 2018, Bboxx Nigeria will now focus on connecting some of the 45% of Nigerians currently deprived of electricity.
“As the largest economy in Africa, it is hugely important that clean energy access is accelerated in Nigeria,” said Mansoor Hamayun, CEO and Co-Founder of Bboxx. “This will positively transform people’s lives, powering inclusive and sustainable economic development. As the climate crisis gathers pace, we recognise that there is still a long way to go before we meet the UN Sustainable Development Goal 7 – clean energy for all. This latest launch is definitely a step in the right direction and we have an ambitious pipeline ahead. We are passionate about making clean energy as accessible as possible in the developing world.”
He added: “The off-grid clean energy market in Nigeria has significant untapped potential. As we expand our operations in the country, we’re empowering thriving SMEs and communities to unlock economic potential through affordable energy access.”
World leaders heading to COP26 have to solve the electricity crisis and off-grid solutions are part of the answer. But as one off-grid solar market report revealed, billions of dollars will need to be invested if it is to make a serious contribution to achieving universal access to electricity for all by 2030.