An indigenous energy firm, Forte Oil Plc, on Monday lunched alternative solar energy solution tagged, “Green Energy solution for medium income earners”.
The Group Chief Executive Officer (GCEO), Mr Akin Akinfemiwa, said the company decided to invest in solar energy to bridged power gap within the low and medium income earners in Nigeria.
Akimfemiwa said the newly solar energy lunched was customised and would be sold at reduced cost to meet the demand of Nigerians, adding that it also support the economy with regards to poverty alleviation.
According to him, we are foremost integrated energy provider with footprints in upstream, downstream and power generation.“Today, we are launching our solar system and in line with our drive for excellence and drive, we always look for formidable partners to actualize our vision.
“We sat with them and created bespoke solutions and achieved a sustainable reliable and cost-effective solar solution.“The solution is mobile, it is cost effective and devoid of service charge.”
The Forte oil boss said the product is very efficient and was targeted at medium income group that rely on generators to provide power.We will design an array of energy solutions.”
The Group Chief Financial Officer (GCFO), Forte Oil Group, Mr Julius Omodayo-Owotuga, said the solar energy solution comes with four panels, four 100 amps and 12 volts batteries with free installations.
Omodayo-Owotuga said the 1.5 KVA solar panel which cost about N1.5 million in the market was given out at the cost N700,000 per unit to wholesalers which also attracts discounts depending on the number units purchased.
According to him, the product has a year warranty while the panels have 4-5 years lifespan. It also lasts for 12 hours depending on the equipment being used.
“It was designed for Nigeria atmosphere with quality materials, targeted at low and medium income earners of the society to addressthe challenges faced with pollution from generating set.
“We are partnering with various housing estate managements, house builders and accredited engineers to assist in eradicating power challenges in Nigeria through renewal energy.”
The Lagos State Commissioner for Energy and Mineral Resources, MrOlawaleOluwo, in his remarks said: “This partnership comes at a time when Lagos State Government is targeting 3,000 megawatts (Mw) of power from off-grid generation and independent of Niger Delta gas.”
Oluwo said it was complementary to what the state was doing towards lightening Lagos State through solar energy.He said the governor was determined to give the project it needed support for it to materialise.
“We will key into the solar energy solution by Forte Oil which is very vital to our programme and now that Forte Oil has put its brand to solar, we are now sure that we have a reliable partner in solar energy”.