Arnergy Introduces Diaspora Initiative; a home-based solar energy investment product for Nigerians abroad
Arnergy, a leading distributed utility company that provides solar energy solutions, has announced the launch of the Diaspora Initiative – a ground-breaking program that allows the global Nigerian diaspora to invest in solar energy solutions on behalf of local individuals and businesses.
The Diaspora Initiative, the first of its kind from an African solar company, allows Nigerians living abroad to purchase off-grid solar panels and storage systems, which are installed in homes and businesses across Nigeria to provide a clean and uninterrupted source of electricity.
With Arnergy‘s tech-enabled solar models representing a significant innovation as a sustainable solution to Nigeria’s $29 billion per year energy reliability crisis, outright purchases as well as lease-to-own options are now available through Arnergy’s partnership with Flutterwave, pioneering a new form of remittances that will significantly address critical energy needs for millions.
As part of the new service, Nigerian diasporans will be able to purchase the full range of Arnergy’s distributed utility models, which are powered by lithium-ion batteries – a sustainable alternative to fossil fuel generators, establishing a more reliable electricity supply through storage solutions, and having an average 10-year lifespan.
Arnergy’s customers can monitor and adjust their energy consumption in real-time using the company’s proprietary remote monitoring technology, SolarBase, through the convenience of a mobile (Android & iOS) or web app, establishing a major breakthrough for individuals and businesses seeking greater control over their household and OPEX costs, respectively.
“For decades, the huge lack of consistent and affordable energy has held millions of Nigerians back from achieving the best possible economic outcomes,” says Femi Adeyemo, CEO and Founder of Arnergy, “but today, we’re empowering diaspora across the globe to drive us closer to a future where energy across the country is 100 percent renewable, reliable, and accessible.”
