Grene Capital expands Jabi Lake Mall's solar capacity to 1.5MWp

This expansion adds 900kWp of photovoltaic capacity and was developed in partnership with Elektron Renewables. The initial 600kWp installation established Jabi Lake Mall as Nigeria's first solar-powered mall. Tolu Sokenu, Partner at Grene Capital, stated that this investment aims to enhance the asset's long-term performance and resilience.

Sianny Ayodele, Head of Elektron Renewables, highlighted the growing importance of distributed renewable energy for commercial and industrial assets in Africa. The upgraded system is projected to generate approximately 175,000 kilowatt-hours of clean electricity monthly, reduce diesel consumption, and prevent about 1,680 tonnes of carbon dioxide emissions annually. This expansion is also expected to improve resilience against grid instability and rising energy costs, aligning with Grene Capital's environmental, social, and governance strategy.