Auxano Solar Signs Investment Deal with AllON
Shell Funded impact investment company AllOn has signed a $1.5M deal with Auxano Solar. This investment will enable the company expand its capacity, processes and sevices by over 50%.
This investment will also make supply of solar panels more accessible to Nigerians, strengthen the off-grid energy sector in Nigeria and boost economic development.
Auxano Solar is a rapidly growing renewable energy company with emphasis on solar power. Besides manufacturing of solar PV modules, we are also involved in the design, installation and sales of solar power systems and components such as inverters, batteries, charge controllers, etc.
Auxano Solar’s journey with AllON began in 2018, when she was selected as one of finalist to win the 2018 AllOn-USADF Off-Grid Energy Challenge.
All On has gone on to partner with Auxano Solar on numerous off-grid energy projects most recently the deployment of solar power to emergency health care and response centres in Nigeria such as the COVID-19 isolation ward; National Orthopaedic Hospital, Igbobi, Lagos through the AllON COVID-19 Solar Relief Fund initiative in April 2020.
The story continues…!