- ZOLA Electric Expands into Nigerian Market
Zola Electric, a renewable energy firm in Africa, has announced plans to bring clean, affordable, reliable power to Nigeria.
The Chief Executive Officer, Mr Bill Lenihan, said the company’s entry into the Nigerian market was in line with its mission to deploy distributed renewable energy solutions.
He said, “ZOLA Electric is a power solutions pioneer that is now one of the most trusted brands in Africa’s distributed renewable energy market. We have successfully delivered our clean, affordable and reliable power solutions across Tanzania, Rwanda, Côte d’Ivoire, and Ghana.
“We’re super excited to make our clean, affordable and reliable power solutions available to Nigerian homes, business and organisations.”
Lenihan said ZOLA would expand its distributed smart storage and solar energy model and launch an affordable renewable energy alternative for Nigerians in a bid to deliver clean energy access to over one million households and businesses in Nigeria over the next three years.
He said, “This ambitious expansion is focused on improving environmental, health and economic outcomes while driving the transition to clean, renewable energy.
“With the current electricity access deficit in Nigeria affecting an estimated 80 million people each day, ZOLA’s expansion will help Nigerian homes and businesses to access reliable power. By combining our pay-as-you-go microfinance leasing and mobile money payments, ZOLA’s energy access model is financially inclusive and adaptable to energy need and income.”
According to him, the affordability of the company’s systems allows customers to redirect their current spending on diesel and power bills towards a smart storage and solar system that they will own in the long term, resulting in significant cost savings for customers.
“Our power systems give customers the flexibility to use their own home appliances at any time of the day. Reliable power generates economic productivity – businesses can stay open for longer or use evening hours for other income generating activities,” he added.
According to the statement, the expansion of ZOLA’s business operations into Nigeria is also expected to improve employment, significantly reduce air pollution and carbon dioxide emissions and help small, medium and large businesses to improve efficiency and deliver greater economic benefits that they can share with customers and employees alike.