Switzerland to Invest in Clean Energy Sector

300MW Solar energy
  • Switzerland to Invest in Clean Energy Sector

Switzerland is willing to invest in Nigeria’s clean energy sector to help the country meet its power needs, its Consul-General Mr Yves Nicolet, has said.

According to him, there were 47 Swiss firms operating in various sectors of the economy, including Tellco Europe Nigeria, whose parent company is Tellco Europe Switzerland.

He said more Swiss firms would join the firm, which launched a Swiss technology known as TellcoSol, an off-grid solar power solution.

Nicolet, who spoke at a briefing by Tellco Europe Nigeria to mark this year’s World Environment Day, said Switzerland was aware of Nigeria’s energy gap and would bring more investments to the sector.

“We’re trying to bring more investments, especially in the clean energy sector. One of the biggest challenges Nigeria needs to meet is to increase its energy supply,” he said.

He described the off-grid solution as “the technology that will shape the future of Nigeria and the continent”.

Tellco Europe Nigeria Chairman, Prof Wale Omole, said the firm was determined to contribute towards the attainment of accessible and affordable clean energy in Africa.

“Our overall cardinal goals and objectives at Tellco Europe Nigeria are to create new continental economic opportunities for growth and development through powering the Micro, Small and Medium Enterprises (MSMEs) with efficient clean energy; to increase access to affordable and sustainable energy and reduce carbon emission; to champion low carbon development through clean efficient energy systems, and end energy poverty in Africa for sustainable continental and equitable development.

“As we join the world to ‘beat plastic pollution’, TellCo Europe Nigeria remains committed to ending energy poverty in Nigeria, and electrifying the African continent within a very short time,” Prof Omole said.

The solar technology includes the 1200 watts TellcoSol model known as Lugano, which comes with a three-year warranty, two-year insurance, and can provide solar-powered electricity for over 24 hours daily, with fixed options of two AC standing fans, a 32-inch television, a refrigerator, among others.

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Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years experience as a foreign exchange research analyst and trader.

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