Nigerian off-grid energy impact investing company, All On, seeded by Shell, on Wednesday, April 1, 2020 announced N180 million in assistance to renewable energy companies, Auxano, Arnergy, GVE and Lumos to provide solar power for emergency health centres in support of the response to fighting the COVID-19 pandemic.
The four companies, all investees of All On, were said to have been selected based on their immediate preparedness to respond with products, inventory, technical capabilities and their efficient delivery track record.
All On said in a statement that it recognises that, at times like this, the mission to accelerate the closing of the energy access gap by providing energy to underserved and unserved communities in Nigeria, is critical to ultimately saving lives.
It added that the COVID-19 Solar Relief (CSR) Fund would 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, said the company, would 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 said it aims to contribute solar power solutions to aid in the containment and treatment of the virus.