June 13

Solar Power Provider Seeks $100 Million for Nigeria Expansion

WATT Renewable Corp aims to raise as much as $100-million by the end of 2024 to expand its business of providing solar power, mainly to telecommunications towers in Nigeria.

The Canadian company, which has installed 12 MW of generation capacity at about 160 sites, has a pipeline of projects ten times that size, chief investment officer Sherisse Alexander said. WATT would prefer a major investor to take a stake, but will finance projects individually if need be, she said.

Photo courtesy of World Bank Photo Collection.

Source: Engineering News (link opens in a new window)

Energy, Investing, Telecommunications
off-grid energy, renewable energy, rural development, solar, startups