In a groundbreaking collaboration, Odyssey Energy Solutions and the Renewable Energy Association of Nigeria (REAN) have forged a strategic alliance that promises to reshape the solar energy landscape in Nigeria. With their sights set on making solar equipment procurement efficient and cost-effective, these industry powerhouses have inked a game-changing agreement worth a staggering $100 million.
This was revealed in a statement obtained by The Energy Intelligence.
As one of the fastest-growing economies in Africa, Nigeria has a huge demand for renewable energy solutions. However, many solar companies face significant challenges when it comes to sourcing equipment and materials, including long lead times, high costs, and lack of access to quality products. The partnership between Odyssey Energy Solutions and REAN aims to address these challenges by streamlining the procurement process and providing better access to high-quality solar products for REAN members.
“Under the agreement, Odyssey Energy Solutions and REAN will streamline equipment procurement for REAN members by helping them access financing, better payment terms and supply chain support,”the statement stated.
Commenting on the agreement, Justin Tinsey, VP of Procurement Solutions at Odyssey, said, “We are delighted to be partnering with REAN to help improve the efficiency and cost-effectiveness of solar equipment procurement in Nigeria. Our combined expertise and resources will enable us to provide better solutions to solar companies in Nigeria, helping them to grow their businesses and contribute to the development of a sustainable energy future for the country.”
REAN President, Ayo Ademilua, also expressed his enthusiasm for the agreement, stating that “REAN is committed to supporting the growth and development of the renewable energy sector in Nigeria, and this partnership with Odyssey Energy Solutions is an important step in that direction. We look forward to working together to provide better access to quality solar products and solutions for our members.”
With the official announcement of this partnership agreement, Odyssey Energy Solutions and REAN are poised to make a significant impact on the solar energy industry in Nigeria, by making it easier, faster and cheaper to procure high-quality solar products.