Clean, reliable and
low-cost electricity
for industry, commerce
and agriculture
Investment with a positive impact
By 2030, Empower New Energy aims to invest over USD 300 million in decentralised solar energy across Africa, avoiding 500,000 tonnes of CO2 and creating around 20,000 jobs. To date, we have invested USD 7.4 million and delivered 12 solar projects in Egypt, Ghana, Morocco and Nigeria. As of today, these have resulted in the following estimated impact:
Community Development
A proportion of all capital expenditure by Empower New Energy will be deployed into a community development programme focused on socially disadvantaged communities in our target markets.
The Empower New Energy investment model
Empower New Energy’s unique co-development model enables small and medium sized African businesses to attract international impact investment, via local project partners. With USD 75 million currently reserved from our investors, Empower New Energy will deploy more than 100 MW of rooftop and ground-mounted solar plants for commercial, industrial and agriculture energy users, while ensuring best quality standards.
Project Partnering
Our unique model allows us to tap into the diverse skills and resources of our project partners. Successful implementation involves close collaboration with the energy user, as well as our engineering, technical and legal partners.
Construction and Operations
The project is constructed and carried out by the Engineering and Construction (EPC) partner, overseen by Empower New Energy’s technical and Environment, Health and Safety expertise.
The solar power plant is monitored by Empower New Energy in close collaboration with our local operation and maintenance partner.
Asset management and ownership
Empower New Energy is the owner of the energy plant during the contract period, and manages the asset in line with national regulations, tax rules and environmental and social standards.
At the end of the contract period, we offer the energy user the option to become the owner of the solar plant.