Decentralised solar systems manufacturer and distributor, Bboxx, has officially launched in Nigeria, the company announced this week. Nigeria is Bboxx’s largest market and the launch of its first shop in Ijebu Ode, Ogun State will help the company to expand its customer base for its Solar Home Systems (SHS).
Nigeria’s national electrification rate is 55%, and a much lower rural electrification rate of 39%. Bboxx says its Solar Home Systems (SHS) will help bridge the electrification gap in Nigeria as they are much more affordable and reliable for rural type of setups.
“As the largest economy in Africa, it is hugely important that clean energy access is accelerated in Nigeria. This will positively transform people’s lives, powering inclusive and sustainable economic development. As the climate crisis gathers pace, we recognise that there is still a long way to go before we meet the UN Sustainable Development Goal 7 – clean energy for all,” said Mansoor Hamayun, CEO and Co-Founder of Bboxx.
Over the course of the year, Bboxx will serve rural communities in other states including rural Lagos, Oyo, Ondo, Osun and Ekiti. The company aims to provide clean energy to 20 million people over 10 years, avoiding more than four million CO2e emissions as a result.
“The off-grid clean energy market in Nigeria has significant untapped potential. As we expand our operations in the country, we’re empowering thriving SMEs and communities to unlock economic potential through affordable energy access. With COP26 just around the corner, we would love to open further dialogue with those who share our mission, as we firmly believe in the importance of partnerships to deliver meaningful change,” Hamayun added.
Bboxx’s Solar Home Systems (SHS) are available on a Pay-As-You-Go basis where customers only pay for what they use. The company is also planning to launch a range of products and services in Nigeria including LPG clean cooking solutions, solar-powered water pumps for farmers and smartphones.
“Scaling access to capital is absolutely fundamental to the success of the off-grid energy sector in Nigeria,” said Florian Kemmerich, Managing Partner at Bamboo Capital Partners. “By deploying and unlocking greater levels of capital, there’s a huge market opportunity to bring clean energy to the millions of people living without it. We’re looking forward to Bboxx ramping up operations to make an even greater impact on the sustainable development of SMEs.”