Imperium, Nigeria’s leading digital platform for financing the acquisition of renewable energy solutions, has gone into a game-changing strategic partnership with Baobab+, a leading solar energy technology provider nationwide, to transform the renewable energy landscape and improve accessibility and affordability of solutions for homes and businesses across Nigeria.
This was announced at a memorandum of understanding signing event which was held in Lagos.
Speaking at the signing, the Head of Renewable Energy (Digital) at Imperium, Ayo Falola, said that the partnership would provide homes and businesses access to affordable steady power supply and further quicken the adoption of renewable energy supply, especially in underserved communities, requiring energy for productive use.
Falola further stated that “Imperium promotes a comprehensive range of solar products designed to meet the needs of our customers. Partnering with Baobab+ Nigeria allows us to take a significant leap towards providing Nigerians with the tools they need to transition to sustainable energy.”
He continued by saying “With the tailored financing solutions this partnership will provide, it will become easier for individuals and businesses alike to embrace solar power, reducing their carbon footprint and contributing to overall energy security in Nigeria.”
Kola Osinowo, CEO of Baobab+ Nigeria, expressed enthusiasm about the collaboration: “We are excited to partner with the Imperium platform, a game-changer in the renewable energy sector. This partnership not only expands access to clean energy but also enables individuals and businesses to grow sustainably.”
Osinowo concluded by saying “This partnership represents a significant milestone in Nigeria’s journey towards widely affordable renewable energy adoption. Together, Baobab+ Nigeria and Imperium are committed to making a positive impact on the environment and the lives of Nigerians.”
As Nigeria grapples with a growing demand for sustainable energy, this collaboration between Imperium and Baobab+ plans to deliver cutting-edge solar technology with easily accessible financing solutions that allow users to make payments more conveniently and affordably over time. This allows Nigerians to significantly cut the cost of acquiring solar products & services.
Imperium is a leading e-commerce provider of digitized financing for consumers who wish to adopt renewable energy power generating equipment or energy efficient appliances, offering varying financing models for the acquisition of solar solutions (including Lease to Own, Power as a Service, and Outright Purchase) among others.
Baobab+ Nigeria was launched in 2015 with operations in six African countries. Baobab+ is a social enterprise that supports households and micro-entrepreneurs in their energy autonomy through the distribution of solar kits, with 310,000 households already equipped (+1.8 million beneficiaries), particularly in rural areas.
In addition to this primary vocation, the Baobab Group’s subsidiary offers digital devices for educational and professional purposes, with more than 200,000 households already equipped. These products benefit from financing facilities to make them accessible to all.
