Nigerian off-grid energy impact investing company All On, seeded by Shell, today announced N180 million in assistance to renewable energy companies, Auxano, Arnergy, GVE and Lumos to provide solar power for emergency health centers in support of the response to fighting the COVID-19 pandemic. The four companies, all investees of All On, have been selected based on their immediate preparedness to respond with products, inventory, technical capabilities, and their efficient delivery track record.
All On recognizes that at times like these, the mission to accelerate the closing of the energy access gap by providing energy to underserved and unserved communities in Nigeria is even more critical to ultimately saving lives.
The COVID-19 Solar Relief (CSR) Fund will be made available immediately to the selected off-grid energy companies to provide solar power to emergency health facilities around Nigeria, through various private and social sector initiatives. The investees will tap into initiatives that support the national effort to alleviate the burden on the nation’s fragile health care sector in this time of crisis.
All On was established by Shell to contribute to addressing Nigeria’s access to energy gap through impact investing and the creation of an enabling environment for players in the off-grid sector to thrive. Through the COVID-19 Solar Relief (CSR) Fund, All On aims to contribute solar power solutions to aid in the containment and treatment of the virus.
All On, an independent impact investing company, was seeded with funding from Shell and works with partners to increase access to commercial energy products and services for unserved and underserved off-grid energy markets in Nigeria, with a special focus on the Niger Delta. All On invests in off-grid energy solutions spanning solar, wind, hydro, biomass and gas technologies deployed by both foreign and local access-to-energy companies that complement available grid power across Nigeria and help bridge the significant energy gap.
