BoI/Arnergy Expands Alternative Power Investment In Rural Areas
- Posted by Kieth Oliver
- On May 13, 2016
- 0 Comments
As Nigeria’s energy crises deepens with erratic power being experienced across all sectors of the economy, the Bank of Industry (BoI) and a utility social enterprise, Arnery, are expanding their footprint in the electricity sector by providing alternative power supply to local communities in Nigeria.
Arnery is currently providing solar energy solutions, powered by superior technology, for homes and businesses, across all sectors of the economy.
With a passion for socio-economic systemic changes through technology and science, Arnergy is pioneering a frontier in rural and urban electrification through the provision of affordable and highly efficient electricity from solar energy.
Funded by the BoI, Arnergy Solar has installed pilot projects for communities in rural Nigeria that are far from the national electricity grid, such as Charwa in Kaduna, Sagbokojie in Lagos as well as rural communities in Osun and Edo states. Its team of engineers, led by Femi Adeyemo, is pioneering a new frontier in solar energy provision by custom designing solar systems for commercial and residential uses. Their tried and tested systems provide power 24 hours a day, seven days a week for homes and Nigerian systems while reducing operating expenses and environmental pollution and health hazards.
By using highly efficient solar panels and premium flooded batteries, with up to 8 years manufacturers warranty, the organisation has succeeded in breaking the jinx about durability and dependability of solar energy installations. To ensure durability and efficiency, superior batteries with minimum of 1,250 cycles, combined with solar panels customised to ensure only one cycle per day, were developed. This means that consumers are entitled to at least five years, minimum, of uninterrupted usage before the need arises for the change of batteries using the Arnergy system.
Promoters of the project believe that solar is the cheapest form of energy available to Nigerians both rich and poor today. An average 5kva generator consumes 1 litre of fuel per hour at an effective cost of N100 per hour. That costs N2,400 daily to run, and N876,000 per annum (excluding cost of maintenance and depreciation on the generator). In 25 years, that amounts to N21.9 million, about 11 times the cost of the most expensive solar.
To further strengthen its solutions to energy problems in the country, Arnergy has developed “plug and play systems that are as easy to install as a mini satellite dish antenna. These systems are installed as a service in rural areas (as well as urban areas). Subscribers pay an installation fee for a token fee, they are given recharge codes, which they punch into the systems, and it provides, electricity until the “recharge card” runs out.
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