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Home PaysAfrique de l'Est Renewable Energy: NEot Offgrid Africa Invests $16 million in Uganda and Sierra Leone

Renewable Energy: NEot Offgrid Africa Invests $16 million in Uganda and Sierra Leone

The energy company Neot Offgrid Africa is committed to investing the sum of $16 million to provide solar equipment in Uganda and Sierra Leone

by Madeleine Maxime Kana

Published: Last Updated on
neot Crédit photo : neotcapital.com
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Neot Offgrid Africa (NOA) announced on its website, neotcapital.com the decision to strengthen its mini-grid contributions in Africa, by providing solar energy to 49 villages in Uganda and Sierra Leone. A project evaluated to cost some $16 million.

Several operations will be implemented during the electrification process, one of which will be the provision of containerised and remotely controllable solar equipment, thanks to the Remote Power Unit (RPU) to these villages which will enable close to 60 000 persons receive electricity in the two areas.

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On the other hand, it will involve the transporting of 6 000 portable batteries to equip those in the villages which are very far away from the RPU.

In addition, Neot Offgrid Africa will also work in collaboration with the investment platform called Winch Energy IPP Holdings Limited (WIPP), of which NOA is the major shareholder. WIPP will focus its attention on the deployment of clean solar energy supply solutions (lesser cost of installation, possibility to install thermal panels).

NOA on its part has a double role of an equity investor (main funding agent) and financial structure (in charge of designing the solar equipment).  In the same light, NOA hopes to partner with telecommunications operators.

At the same time, these telecommunications operators will be put in place to provide internet access to the inhabitants,

NOA announced.

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This agreement with telecommunications operators has as aim to guarantee internet acess to the people.

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