Konexa

Thanks to A&O Shearman for featuring Konexa as one of the disruptive models in the power sector that is unlocking the huge potential of greening Africa's large industries. “These deals have many moving parts, meaning stitching them together is a complex undertaking requiring novel thinking and approaches, not least around the legal aspects which generally involve new and shifting regulatory aspects. The Konexa case highlights the need for everything to align – including supply, generation, distribution, offtakers, and the approach to managing aspects like green energy certificates and carbon taxes.” There is a need for both decentralised and grid-connected solutions to accelerate the energy transition in Africa. Konexa's model invests across the value chain - in grid connected renewable generation, transmission and distribution and at the customer site to bring customers back on the grid and provide them with renewable and uninterrupted power for all their needs. We offer cheaper, more reliable and sustainable power to all our customers! Thank you to our partners: Climate Fund Managers (CFM), Microsoft, Shell Foundation, The Global Energy Alliance for People and Planet (GEAPP), Power Africa, Department for International Development (DFID)

Great milestone achieved with our investors!! Well done to Climate Fund Managers, Microsoft and the whole Konexa team.

Access to energy plays a critical role in the functionality of health-care facilities and the quality, accessibility and reliability of health services delivered to all. With support from Climate Fund Managers and the European Commission, Konexa has invested in captive solar-battery hybrid plants for Zipline's sites in Kaduna and Cross River States. Zipline does drone deliveries of critical medical supplies to rural primary healthcare facilities across the states. Switching to Konexa's solution, which is 100% renewable, has eliminated the use of 20,000 litres of diesel per month that Zipline was burning to power its sites. This has reduced Zipline’s annual carbon footprint by more than 640 metric tons of CO2, the equivalent of removing about 140 passenger cars from the road. To date, more than 12,000 deliveries have been powered by 100% renewable energy. Since we’ve developed this solution for Zipline, Konexa has also deployed solar and battery-powered mesh grids that are providing reliable energy access to 340 households in the surrounding community, benefiting approximately 1,700 people, and five primary health care facilities. Climate Fund Managers, European Commission, Sustainable Energy for All (SEforALL)The Global Energy Alliance for People and Planet (GEAPP), USAID, Power Africa, The Rockefeller Foundation, Shell Foundation, UEF (Universal Energy Facility) Kaduna Investment Promotion Agency - KADIPA RMI, Zipline #renewableenergy #healthcare #nigeria https://lnkd.in/eQ2kq63V

This week’s visit to Nigeria of the British Business and Trade Secretary,Kemi Badenoch, was also a landmark moment in Konexa’s journey in the country where we signed a PPA with North South Power (Kolapo Joseph) and will be investing $18m to provide 100% renewable and reliable power to Nigerian Breweries Plc (The HEINEKEN Company) in Kaduna to meet all of their energy needs. We at Konexa are proud to be working with Nigerian Breweries, North South Power and all our investment partners including Climate Fund Managers, the European Commission, Foreign, Commonwealth and Development Office and USAID to commence the construction of this project with our EPC partner MBH POWER, part of Tolaram group. The Nigeria's Energy Transition Plan (ETP) urgently needs billions of dollars of investment across generation, transmission and distribution and the decarbonisation of large emitters. Bankable solutions are needed to unlock the quantum of capital to help fix the power sector. Over the last few years, Konexa has been working on a disruptive model that allows us to match customers’ energy demands with renewable energy supply by investing in renewable energy generation, transmission, distribution and battery storage solutions. This helps accelerate Nigeria’s climate targets!  We work with large industrial customers to help them achieve their #energytransition and #netzero mandates by providing them with cheaper and reliable renewable power. This investment is a sign of confidence from our investors in the Nigerian Power Sector, the urgency to deploy scalable climate solutions and create green jobs. In 2024, we will invest more than $170m to deploy clean energy solutions to our customers and transition them away from the use of fossil fuels RMI, The Global Energy Alliance for People and Planet (GEAPP), Shell Foundation, The Rockefeller Foundation, Power Africa, FS Impact Finance Nigerian Electricity Regulatory Commission (NERC) Sustainable Energy for All (SEforALL) The World Bank #renewableenergy #climatefinance #energystorage #nigeria

Our colleagues Hasana Bello Aliyu and Sa'ad Kamal-deen at the Africa Climate Forum 2023 in Abuja this week talking about the urgency of more utility scale renewables to accelerate Nigeria's Energy Transition Plan. At Konexa we are committed to making renewable projects bankable with business model that invests both on generation and the customer end to deliver 24/7, 100% renewable power. We have been working with Nigerian Electricity Regulatory Commission (NERC) and TRANSMISSION COMPANY OF NIGERIA to make this happen! Climate Fund Managers B.V.The Global Energy Alliance for People and Planet (GEAPP)Shell Foundation InfraCredit George Nwangwu PhD Power Africa Foreign, Commonwealth and Development Office RMI Sustainable Energy for All (SEforALL)