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Off-grid energy challenge winners secure blended financing
By CREEDs Energy 18 October, 2018 1738

The winners of the 2018 joint All On - United States African Development Foundation (USADF) Off-Grid Energy Challenge were announced on Wednesday at the Nigerian

Off-Grid Energy & Innovators Summit 2018 held in Ikoyi, Lagos.

The recipients in the mini-grid category are Havenhill, Prado, Solmenz, A4&T, and Darway Coast.

The enabling business category includes Auxano, Eastwind, and Alyx. Creeds and iKabin emerged as the recipients in the solar home system category.

According to Chuka Umezulora, CEO of Auxano, a company that assembles solar panels locally, "with the award of this blended finance, Auxano is poised to raise its daily production to more than 100 panels and double its staff strength to meet the rising demand. Beyond the financial relief that came with this funding, it has also exposed us to global best business practices as we continually improve in the way we conduct our business daily."

 

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