Arnergy

Arnergy

Arnergy

Nigerian solar power company

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]

Quick Facts Industry, Founded ...

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]

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

  1. [1]
    Kazeem, Yomi (21 June 2016). "A pay-as-you-go solar solution could kickstart renewable energy adoption in Nigeria". Quartz.
  2. [2]
    Idris, Abubakar (21 August 2016). "Africa taking giant strides to fix its electricity challenges". TechCabal.
  3. [3]
    Rathi, Akshat (28 August 2019). "Bill Gates-led $1 billion fund expands its portfolio of startups fighting climate change". Quartz.
  4. [4]
    Eleanya, Frank (27 June 2019). "How Arnergy's tech powered solution could dent Nigeria's energy poverty". Business Day (Nigeria).
  5. [5]
    "Femi Adeyemo, CEO, Arnergy: Interview". Oxford Business Group. 8 November 2017. Archived from the original on 2020-12-01.
  6. [6]
    Agunbiade, Tola (7 June 2016). "Arnergy is bringing pay-as-you-go solar power to rural communities across Nigeria". TechCabal.
  7. [7]
    Fadoju, Lulu (20 July 2015). "Arnergy Secures Funding for its Renewable Energy program from Nigeria's BoI". TechCabal.
  8. [8]
    Gbenga, Akinfenwa (5 June 2016). "Arnergy: Breaking fresh frontiers in renewable energy sector". The Guardian (Nigeria).
  9. [9]
    Akinpelu, Oluwadamilare (25 June 2019). "Nigerian Energy Startup Arnergy Seals $9m Funding, to Power 35,000 Businesses by 2023". TechNext.
  10. [10]
    "Nigerian renewable energy solutions provider Arnergy closes Series A financing". The Guardian (Press release). Nigeria. 25 June 2019.
  11. [11]
    "Nigeria's Arnergy raises $9mn for renewable energy". CNBC Africa. 28 June 2019.
  12. [12]
    Godsgift, Onyedinefu (16 December 2020). "FG, Arnergy sign MoU, to deploy $9M for electrification of 20,000 businesses". Business Day (Nigeria).
  13. [13]
    Anaesoronye, Modestus (2 February 2021). "Arnergy gets Canada High Commissioner's applause on energy optimization, productivity in Nigeria". Business Day (Nigeria).


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