Virtuitis Solaris to construct 500 photo voltaic mini-grids nationwide

Virtuitis Solaris, a subsidiary of MOJEC Worldwide Holdings, has reaffirmed its dedication to setting up 500 mini-grids throughout the subsequent three years.

The corporate stated the undertaking will begin with 100 grids within the first 12 months, with the goal of connecting a minimal of 200,000 prospects throughout 10 to fifteen states in Nigeria.

This was disclosed by the Group Managing Director of MOJEC Group and Chief Govt Officer of Virtuitis Solaris, Chantelle Abdul, on the signing of a partnership settlement with The Worldwide Finance Company to speed up the rollout of mini-grid initiatives throughout Nigeria, through the just-concluded Mission 300 Africa Power Summit in Dar es Salaam, Tanzania.

In an announcement, Abdul stated the partnership is a part of the IFC’s broader initiative to help distributed renewable vitality firms in bridging Nigeria’s electrical energy entry hole and facilitating the transition to a sustainable and economically viable energy provide.

“As a key participant within the World Financial institution-funded Nigeria Distributed Entry by means of Renewable Power Scale-Up Programme (Nigeria DARES), carried out by Nigeria’s Rural Electrification Company, Virtuitis Solaris is poised to carry clear and dependable electrical energy to as much as 400,000 households throughout underserved communities.

“This newest improvement builds on Virtuitis Solaris’ earlier commitments, together with its October 2024 Memorandum of Understanding with the Rural Electrification Company, the place it was chosen as one in every of 22 builders for the deployment of decentralised renewable vitality initiatives throughout 9 states in Nigeria,” she acknowledged.

Abdul emphasised the corporate’s dedication to increasing vitality entry in off-grid areas.

“We’re proud to be a part of this transformative initiative that aligns with the Nigerian authorities’s imaginative and prescient to boost vitality entry. This partnership with the IFC underscores the essential function of improvement companions in supporting Distributed Power Options programmes, guaranteeing that clear, dependable electrical energy reaches those that want it most,” Abdul acknowledged.

She counseled the IFC for its dedication to offering bridge financing, which allows renewable vitality firms to scale operations and put money into infrastructure.

“This financing allows firms like Virtuitis Solaris to fund capital expenditures and set up the required bodily infrastructure for growing the proposed mini-grid websites, thereby making a significant influence on communities.

The Mission 300 agenda, as outlined by the Minister of Finance, is a trigger we deeply resonate with, and we’re dedicated to enjoying our half in connecting 300 million Africans, together with Nigerians, to electrical energy.

With this partnership, Virtuitis Solaris continues to place itself on the forefront of Nigeria’s renewable vitality revolution, driving financial progress and social improvement by means of sustainable vitality options,” she submitted.