How Rensource transitioned from Mini Grid Projects to C&I Projectsrensourcetech
Rensource Energy was incorporated in February 2016 and initially launched into a Power as a Service model focused on the deployment of Solar Home Systems to homes and SMEs. After which, it diversified to include markets. Rensource has since powered different markets including Iponri Market, Ita-Osu, amongst many others.
As time went on, Rensource saw an energy gap in the Commercial and Industrial (C&I) sector and sought to fill it by providing affordable clean energy solutions to the C&I clients. Rensource Energy kicked off its transition from mini grid to C&I with its flagship project, a 700kWp solar farm for Premium Poultry Farms, Abuja in March 2019.
The project saw Premium Poultry Farm enter a power purchase agreement (PPA) with Rensource to deploy a custom solution. An energy audit was first conducted to determine PPF energy requirements, afterwards, and on guarantee of client satisfaction, the construction of the 700kWp solar farm was commenced. The Solar PV farm will generate up to 300MWh of clean energy annually and will save up to 25 000 tons of CO2 in its lifetime and contribute to Abuja’s fight against local air pollution. The project will create over 40 jobs throughout its construction and operational phase.