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Company | Energy Access Practitioner Network

Investment Directory
Explore a billion dollar investment opportunity represented by Practitioner Network member organizations operating at the forefront of the global off-grid energy sector, addressing energy access issues

Updated In October 19 2016
Contact Company Print Company Profile Export Company Profile

Gosolar Africa

www.gosolarAfrica.org

Based in: Nigeria

Type of Organization

Small business

Operating In

West Africa

Countries of Operation

Nigeria, Ghana, Cameroon, Benin

Types of Work

  • Design Devices
  • Directly to end Users
  • Integrate Install or Maintain Energy Systems
  • Business Consulting

Energy Products or Services Offered

  • Solar PV lanterns
  • Mini-Micro Grids
  • Waste to Energy

Company Profile

  • Years in Business

    10

  • Full Time Employees

    54

  • Woman Leadership

    Yes

  • Active Financing Round

    Yes

Revenue & Expenses

  • 2014-2015 Revenue

    US$ 6.000.000

  • 2014-2015 Expenses

    US$ 4.500.000

  • 2015-2016 Revenue (Projected Values)

    US$ 8.000.000

  • 2015-2016 Expenses (Projected Values)

    US$ 5.000.000

Funding needs over the next 12-24 months

Further details about funding needs

Pay As You Go Solar Mini Grid Investment requirement: Total Investment for Scale Up outlook - $2m in Equity, $1 million in debt, and $500,000 in Project Development/Technical Support. The entire funding will be towards Scaling Up Its Pay As You Go Solar Mini Grid Energy Across Rural and Peri Urban Settlements in Nigeria and Other part of West Africa.

Involved in Mini-Grids: Yes

Role in relation to mini-/micro-grids

  • Ownership
  • Investor
  • Project Development
  • Consulting Human Resources
  • Design or Engineering Systems
  • Procurement or Import of Materials
  • Construction Installation or Commissioning
  • Operation and Maintenance

Structure of ownership used in commercial mini-/micro-grid operation

  • Holding Company
  • Project Ownership

Mini-grids: Projected Funding Needs

Generation technologies implemented in mini-grids

  • Solar PV lanterns
  • Diesel
  • Biomass or Biogas

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