Profile: Arnergy Solar Limited

By way of keeping our clients informed of developments, in our Profile Series, we will profile stakeholders, companies and players in the Nigerian renewable energy industry.

Profile

Arnergy Solar Limited is a full-service solar installation company in Lagos, Nigeria. Arnergy describes itself as "a cleantech company, design, manufacture and commoditised rent-to-own solar energy solutions providing affordable, reliable and clean electricity for commercial, residential and rural electrification applications globally." Arnergy was founded in 2013 by Femi Adeyemo and Kunle Odebunmi. Its headquarters and office address is 22A Adeleke Adedoyin St, Victoria Island, Lagos. Arnergy has a special focus on businesses in the hospitality, education, financial, agriculture and healthcare sectors.

Arnergy was founded in 2013 by Femi Adeyemo and Kunle Odebunmi

Arnergy has a rating of 4.8 stars from 23 reviews on Google. It is rated 4.2 stars on Facebook based on 11 reviews. Arnergy has been featured on Yahoo Finance, Quartz, Business Day and CCTV.

In June 2019, Arnergy Solar announced that it had secured a $9 million Series A investment funding from Breakthrough Energy Ventures with participation from Shell Nigeria's impact fund 'All On Energy', ElectriFI and EU's Norfund. Arnergy Solar said that it will invest the funds to fuel its commercial growth with new business models and partnership opportunities, as well as consumer financing and channel expansion activities. Full Story Here.

Services and Products

Arnergy Solar is a full-service solar company. It provides power auditing, system design, planning, installation and post-installation maintenance services. Arnergy Solar offers remote monitoring and predictive maintenance services through their tracking software. Arnergy is also a retailer and distributor of solar energy products like inverters, batteries, charge controllers and solar panels.

Arnergy Solar has a single range of 5000W inverters. Alongside a direct sales on its 5000W inverters, it offers a lease-to-own reaching up to 36 months including free maintenance on its 5000W inverters. The lease-to-own option uses a subscription-based energy service model that allows businesses that meets its qualification requirements to pay a fixed monthly fee over a 10-year contract period. The subscription model targets only small and medium businesses. For the duration of the subscription agreement, Arnergy will be responsible for providing free maintenance services on their inverters.

As at August 2020, Arnergy has reached this landmark.