Empower New Energy signs two new contracts in Nigeria with Jendol Superstores and Juddy-Bolema
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PRESS RELEASE
Nigeria, November 2025: Empower New Energy is proud to announce the successful signing of solar project contracts with Jendol Superstores and Juddy-Bolema Industries Limited. The event took place at the sidelines of the Nordic Nigeria Connect event held in Lagos recently. The total size of the two new projects is about 4 MWp and 3,5 MWh battery storage, equal to an investment of about $4 MUSD, and will be constructed and operated by Empower’s local EPC partner Paras Energy The two investments will result in the saving of about 3000 tons of CO₂ annually.
Jendol Superstores is one of Lagos’ leading retail chains. The project will deploy rooftop solar PV and battery storage systems across five Jendol Superstores’ branches, meeting over half of their energy needs. The smart energy management system ensures seamless integration between solar, battery, and grid/diesel power, showcasing distributed solar and storage solutions can scale successfully within the commercial retail sector in Nigeria.
Juddy-Bolema Industries specializes in the manufacturing of plastic products. The partnership with Empower will allow the company to reduce the reliance on diesel generators, saving costs, and improving the company’s environmental performance.
Both contracts are Power Support Agreements, which means that Empower New Energy takes full responsibility for financing, construction, maintenance and supply of electricity throughout the 10-year contract period.
“We are delighted to expand our solar partnerships in Nigeria to Jendol and Juddy Bolema. These two new contracts are Empower’s 10th and 11th investments in Nigeria, bringing the company’s total value of investments in Nigeria to more than $30 MUSD”, Terje Osmundsen, CEO, Empower New Energy
“With this initative, Jendol Superstores is taking an important step towards a cleaner and greener future. The solar partnership with Empower New Energy and Paras allows us to reduce costs and CO2 emissions at the same time.” Mark Akhaube, CEO, Jendol Nigeria Limited
“We believe that access to reliable and affordable electricity is a complete necessity to grow as a business. Our technical solutions and project execution are designed to deliver exactly that” ” Yashwant Kumar, Managing Director of Paras Energy
“At Juddy-Bolema, we want to be first movers in moving the plastic industry in Nigeria to bring a more environmentally friendly footprint in our company and industry. With the newly signed contract and new installed solar systems from Empower New Energy and Paras Energy, CEO, Juddy-Bolema
The signing of the two solar contracts was overseen by Norway’s Ambassador Svein Bæra and Councellor Solveig Andresen at the Nordic-Nigeria Connect event in Lagos in October 2025.
About Empower New Energy
Empower New Energy is a leading Nordic renewable energy investment company providing long-term financing for solar and clean-energy projects across Africa. Through innovative partnerships, Empower enables businesses to access affordable clean power while contributing to sustainable economic growth.
Empower New Energy finances, builds and co-develops solar power solutions for customers in the industrial, commercial and agricultural sectors in Africa.
About Jendol Superstores
Jendol Superstores, is a world-class, multi-location grocery store headquartered in Lagos, Nigeria. Jendol is recognized for its diverse product offerings, customer-centric approach, and reliable service delivery. Jendol was founded in Nigeria in 2016 and is strategically located with 14 stores across Lagos State. Jendol plays an important role in serving households and communities in Lagos.
About Juddy-Bolema Industries Limited
Juddy-Bolema Industries Limited is a privately held Nigerian company. The company specializes in the manufacturing of plastic products, with a product portfolio that typically includes plastic containers and packaging materials, household plastic goods and industrial plastic components. Juddy-Bolema is strategically located in Onitsha, which is a major commercial and industrial hub in southeast Nigeria. This location enhances the company's efficiency and market accessibility.
About Paras Energy
Paras Energy is a diversified and internationally recognized energy company founded in Nigeria in 2002. The company provides stable and reliable power to all customers by generation and distribution of power while maintaining stringent adherence to OEM guidelines of operation and maintenance. In addition to power generation and distribution, Paras Energy also provide EPC and maintenance services. Paras Energy is the first privately owned company to supply power to the National Grid in Nigeria. The company’s mission is to provide accessible and affordable electricity for all.
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