Firm stakes fund on sustainable energy
All On, an independent impact investing company, has made its first set of transactions aimed at facilitating increased access to affordable, reliable and sustainable energy sources for low income households, SME’s, and communities.
Seeded with funding from Royal Dutch Shell, All On works with partners to increase access to commercial energy products and services for under-served and un-served off-grid energy markets in Nigeria, with a special focus on the Niger Delta.
Chief Executive Officer of All On, Dr. Wiebe Boer, said this initial set of transactions demonstrates our commitment to utilizing a market-based approach to making a sustainable impact in the off-grid energy sector in partnership with global and local market leaders. “It is just the beginning of our investments towards improving access to energy in Nigeria for the tens of millions of off-grid households and SMEs across the country,” he added.
Commenting on the proposed investment, Managing Director of GVE, Ifeanyi Orajaka, said that his company is excited about this relationship with All On. “An investment from a world-class organisation such as All On further validates our position as one of the leading and most innovative indigenous clean energy solutions providers in Sub-Saharan Africa. We are very optimistic and look forward to achieving our medium-term target of impacting two per cent of Nigeria’s 180 Million population through this partnership,” he added.
Chief Executive Officer of CCHub, Bosun Tijani, said: “The organisation is proud to partner with All On to support Nigeria’s early stage clean energy entrepreneurs. Matching our expertise identifying and supporting innovative startups with All On’s seed capital,we hope we can unearth amazing enterprises to meet the energy needs and aspirations of Nigerians.”
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