MPS Technologies operates over 700 cellular sites and data infrastructures across Nigeria, including mission-critical security facilities, connectivity hubs and major data centers.

By powering a portion of this infrastructure, WATT strengthens its role as a leading partner in Nigeria’s transition to reliable, low-carbon power – sustaining the telecommunications backbone and other essential services while enabling sustainable economic growth.

“At MPS, we are committed to building resilient and secure infrastructure,” said Dr. Thomas Sule, the man steering the colocation business unit. “Partnering with WATT allows us to scale our operations sustainably and contribute meaningfully to Nigeria’s clean-energy transformation.”

By integrating WATT’s proven solar hybrid solutions, MPS benefits essentially by enhanced network uptime for critical Infrastructure, reduce operational costs and dependency on diesel generators, cut carbon emissions in line with national global climate goals, strengthen operational security for key public safety networks – while building capacity to support a massive rollout of clean energy powered new sites nationwide.

This collaboration comes at a pivotal time for Nigeria’s energy and infrastructure landscape as the Federal Government’s renewed push to phase out diesel generators and adopt integrated hybrid energy solutions, warning that Nigeria may struggle to compete globally if its climate ambitions do not align with development realities.

“Our agreement with MPS is about powering Nigeria’s digital and security infrastructure backbone while driving measurable, sustainable economic impact across the nation,” said Oluwole Eweje, CEO of WATT Renewable Corporation. “Together, we are building the resilient infrastructure that millions of Nigerians will depend on for decades to come.”

The company increased its installed capacity by 17% to 2.31MWh and improved uptime to 99.50% across its remote sites in Nigeria, furthering its mission to eliminate reliance on diesel generators.

In 2024, WATT added 37 new installations, marking a 16% increase, including 11 financial sector sites and 26 telecom sites.

Telecoms accounted for 70% of WATT’s total new capacity and aligns with Nigeria’s commitment to expand digital connectivity through its National Broadband Plan, unlocking community access to education, healthcare, and economic opportunities, particularly in rural and underserved areas.

2024 also marked a significant technological advancement for WATT’s solar storage systems, with the transition from traditional Valve-Regulated Lead-Acid (VRLA) batteries to advanced Lithium-Ion Battery (LIB) technology.

This upgrade provides customers with longer-lasting power, faster recharging after outages, and enhanced energy reliability – offering a dependable solution to mitigate grid blackouts and support growth in energy-constrained environments.

“2024 was a milestone year for WATT”, comments Oluwole Eweje, CEO. “Our $15 million partnership with AFRIGREEN and other strategic investments have fuelled market expansion and delivered tangible value to businesses across the country. By helping clients cut energy costs by 25-30%, we’ve empowered them to reinvest in growth, drive innovation and gain greater energy independence. These achievements reflect our commitment to transforming Nigeria’s energy landscape with reliable, cost-efficient solutions that deliver real impact.”

WATT’s success in 2024 was driven by a people-first approach. Its workforce grew by 40%, with women making up 14% of that growth, underscoring a dedication to diversity.

Beyond its team, WATT uplifted communities across Nigeria by offering hands-on training to individuals from underserved areas, such as security guards and janitors, helping them develop skills to support long-term livelihoods.

This people-first approach extended to rural areas without grid access, where WATT installed charging ports and solar security lighting, enhancing safety, accessibility, and opportunity for all.

Discussing the company’s people-centric activities, Sherisse Alexander, chief business officer at WATT shared:

“The growth of our team, particularly the increase in female employees, reflects the incredible talent potential here in Nigeria.

By prioritising local talent, we’re empowering communities, supporting skills development and fostering resilience in areas that need it most. This is about creating opportunities that directly benefit Nigerians, both within our company and across the areas where we operate.”

The funding aims to drive the development of hybrid solar power plants, primarily for the energy needs of commercial and industrial clients in Nigeria’s telecommunications and financial services sectors.

The funding will be deployed to establish hybrid solar power systems, with AFRIGREEN offering a local currency facility designed to align with WATT’s power purchase agreements. 

This approach mitigates possible losses from fluctuations in the Nigerian naira’s value, ensuring financial stability for the company amidst economic uncertainties.

WATT also plans to roll out hundreds of hybrid solar power sites across the nation, expected to address the rising energy demands of businesses while contributing to environmental sustainability. 

In integrating solar energy with hybrid systems, WATT aims to cut down on diesel usage and reduce carbon emissions, helping Nigerian businesses achieve significant cost savings and improve their environmental footprint.

In stressing the importance of the funding, Alexandre Gilles, managing director of AFRIGREEN’s fund advisor, spoke on the opportunities in Nigeria’s renewable energy market. 

He noted that the combination of escalating energy costs, strong demand from industrial and commercial sectors, and the country’s favourable solar conditions makes it an attractive space for investment. 

“This partnership with WATT exemplifies how structured financing solutions can support impactful business growth and sustainability,” Gilles added.

WATT’s managing director, Oluwole Eweje, commented on the partnership’s prospect to accelerate the deployment of sustainable energy solutions across Africa. 

According to Eweje, the funding will go beyond expanding access to renewable energy to also promote economic growth and enhance energy security for businesses.

The AFRIGREEN Debt Impact Fund, which prioritises sustainable energy investments, is supported by international financial institutions such as the European Investment Bank, the International Finance Corporation, and Proparco, among others. 

Its focus on providing targeted financing solutions for commercial and industrial energy consumers stresses its focus on reducing dependency on fossil fuels and promoting clean energy adoption across Africa.

With this funding, WATT Renewable Corporation strengthens its competition in Nigeria’s renewable energy sector, joining other companies, including Solar Depot Nigeria, Daystar Power, and Lumos Nigeria.