WATT Renewable Corporation has secured $13m in funding from Empower New Energy to help develop its operations in Nigeria.
The funding will enable WATT to enhance its renewable energy portfolio, adding 8MW of installed generating capacity and 14.3MWh of storage capacity through end-to-end services and operation of towers in Nigeria.
This funding marks the largest investment to date for Empower New Energy.
Oluwole Eweje, CEO of WATT, commented: “This funding injection will play a pivotal role in furthering our mission, and we are immensely grateful to Empower New Energy for their trust and support. With this funding, we are well-positioned to continue serving the telecoms industry with reliable, sustainable energy solutions.
“WATT is excited to embark on this transformative journey with the support of Empower New Energy. Together, we will accelerate the transition to clean energy sources, benefiting not only Nigeria but the entire region.”