WiSolar
, a renewable energy firm operating in Nigeria and South Africa, has introduced adaptable installment plans to offer energy solutions to its clients.
Mr. Tonye Irims, the company’s founder and CEO, mentioned this during an interview with
Sunday PUNCH.
WiSolar, a climate technology firm focused on solar power, has been active since 2016.
Given the energy challenges and cost issues in Africa, WiSolar collaborated with a local entity to create a flexible and manageable payment plan spread out over 24 months.
“We recognize concerns regarding affordability, which we’re tackling through collaborations with local banks in our operational regions. For instance, in Nigeria, we’ve joined forces with Premium Trust Bank. This partnership allows the bank to finance the solar systems, enabling customers without immediate funds or those preferring not to pay up front to split their costs into 24 monthly installments. Thus, we mitigate payment-related affordability challenges,” said the CEO.
Irims revealed that the installation costs vary based on the customer’s usage and financial situation.
Preferably, when you inform us about the number of units you utilize or the amount of kilowatts you consume, we can tailor a suitable system to meet those requirements, keeping in mind your financial constraints. As an illustration, if you currently allocate N150,000 each month towards both your generator and utility bills, we would assess whether switching to a payment plan of N200,000 spread across 24 months would be feasible for you.
“The systems are guaranteed for 10 years anyway. So, after two years of payment, the rest of the years are just pretty much free electricity because it now belongs to you,” he stated.
The CEO informed our correspondent that WiSolar handles complete solar projects, providing comprehensive installation services for both home and business needs aimed at delivering energy solutions.
He revealed that the company is involved in battery production, mentioning that they intend to establish an assembly plant in Nigeria for batteries.
The flip side of the industry involves battery production, where we source and receive shipments of battery storage units from China.
“In the future, we’re looking at actually getting semi-knocked downs and having our own assembly plants in Nigeria to manufacture these batteries. The reason is that it’s cheaper, you avoid supply chain disruptions, and you create local labour in the markets you operate in,” he stressed.
Irims further pointed out that the energy issues in Nigeria and across Africa are worsening each day as the population grows.
He remained hopeful that the energy issue could be substantially addressed through both governmental efforts and the public’s embrace of renewable sources.
Provided by GAPTEKZONE. (
).
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