*Commissions hybrid solar PV, others

By Osa Mbonu-Amadi

Lagos – IFGreen Industries & Investment Ltd., an agro-allied processing company based in Epe, Lagos, has announced the successful commissioning of its Hybrid Solar Photovoltaic (PV) System and Battery Energy Storage System (BESS) at its production facility in Epe. According to the company CEO, Mr. Peter Okonkwo, the transition marks a significant milestone in the firm’s commitment to renewable energy adoption and environmental sustainability for a safer and healthier environment.

“With this renewable energy solution in place, IFGreen will significantly reduce energy expenditure and reinvest the savings into strategic growth initiatives, including job creation within its host community and beyond,” the company said, adding that “improved energy reliability will also enable full capacity utilisation, further strengthening the company’s contribution to food processing, value addition, and local economic development.”

Through this initiative, the management said, “IFGreen will achieve sustainable year-on-year energy cost savings, improved returns on agro-processing investments, greater predictability and stability in energy costs, and seamless, reliable, and uninterrupted power supply year-round. Other key benefits of the solar transition include reduced carbon emissions and a stronger environmental footprint, increased opportunities for carbon credit generation, and enhanced capacity for operational expansion and growth.”

“Following this commissioning,” the company said, “IFGreen is set to advance into circular economy solutions within agro-innovation. As part of its expansion strategy, the company plans to convert agro-processing waste into bio-gas to further reduce production costs, improve margins, and deepen its sustainability impact.

“This milestone reinforces IFGreen’s dedication to sustainable growth, environmental responsibility, and inclusive economic development, positioning the company as a forward-looking leader in Nigeria’s agro-processing sector.”

The commissioning ceremony was witnessed by the IFGreen team, led by the CEO, Mr. Peter Okonkwo, and the Grosolar team, led by Mr. Abiodun Oni.

The landmark project, executed in partnership with Grosolar and financed with the support of CleanEnergyFund of FundCo, is expected to deliver uninterrupted 24-hour power supply to IFGreen’s operations – a development that concludes over four years of dependence on diesel generators and fuel procurement, an expensive necessity driven by erratic and insufficient grid power supply in Epe.