{"id":25668,"date":"2024-04-03T12:41:46","date_gmt":"2024-04-03T12:41:46","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=25668"},"modified":"2024-04-03T12:41:46","modified_gmt":"2024-04-03T12:41:46","slug":"ashipa-electric-joins-spark-energy-services-as-development-partner","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2024\/04\/03\/ashipa-electric-joins-spark-energy-services-as-development-partner\/","title":{"rendered":"Ashipa Electric Joins Spark Energy Services as Development Partner"},"content":{"rendered":"<div class=\"flex-1 overflow-hidden\">\n<div class=\"react-scroll-to-bottom--css-wplvn-79elbk h-full\">\n<div class=\"react-scroll-to-bottom--css-wplvn-1n7m0yu\">\n<div class=\"flex flex-col text-sm pb-9\">\n<div class=\"w-full text-token-text-primary\" data-testid=\"conversation-turn-31\">\n<div class=\"px-4 py-2 justify-center text-base md:gap-6 m-auto\">\n<div class=\"flex flex-1 text-base mx-auto gap-3 md:px-5 lg:px-1 xl:px-5 md:max-w-3xl lg:max-w-[40rem] xl:max-w-[48rem] group final-completion\">\n<div class=\"relative flex w-full flex-col agent-turn\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex flex-grow flex-col max-w-full\">\n<div class=\"min-h-[20px] text-message flex flex-col items-start gap-3 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto\" data-message-author-role=\"assistant\" data-message-id=\"bf1a38ed-4ab5-4a1c-92d6-d54ca2911c3a\">\n<div class=\"markdown prose w-full break-words dark:prose-invert dark\">\n<p>Nigeria-based Ashipa Electric Limited has recently signed up as a development partner under the innovative financing platform, Spark Energy Services (Spark), marking a significant milestone for both companies.<\/p>\n<p>Ashipa Electric specializes in renewable energy solutions, particularly in the development, construction, and operation of captive solar and PV mini-grid projects. With a focus on serving Nigeria\u2019s telecoms sector and SMEs in various industries, including hospitality, healthcare, and agriculture, Ashipa Electric aligns well with Spark&#8217;s mission to support the deployment of captive generation and energy efficiency initiatives in Africa\u2019s commercial and industrial (C&amp;I) sector.<\/p>\n<p>Established in 2014 as a consulting firm providing mini-grid management software, Ashipa Electric has since grown into a key player in the C&amp;I solar and PV mini-grid development space. The company has completed projects totaling 530kWp installed capacity and 1050kWh of energy storage over the past four years. Additionally, it has built a robust pipeline of 30MWp captive solar projects, leveraging Nigeria\u2019s growing C&amp;I solar sector driven by intermittent energy supply challenges.<\/p>\n<p>Previously, Ashipa Electric funded its projects through equity and shareholder loans, experiencing significant revenue growth in 2022, mainly attributed to engineering, procurement, and construction (EPC) contracts for mini-grid deployments. However, by partnering with Spark, Ashipa Electric aims to scale its C&amp;I operations and support the rollout of its pipeline projects by accessing up to 100% upfront funding for its projects.<\/p>\n<p>Adam Fitzwilliam, CFA, Camco director and Spark lead, expressed excitement about the collaboration, highlighting Ashipa Electric&#8217;s emergence as a prominent player with strong in-house capabilities and an experienced Nigerian leadership team. He emphasized the potential for both Ashipa Electric Limited and Spark to drive sustainable development and make a lasting impact on Nigeria&#8217;s renewable energy landscape through their partnership.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nigeria-based Ashipa Electric Limited has recently signed up as a development partner under the innovative financing platform, Spark Energy Services (Spark), marking a significant milestone for both companies. Ashipa Electric specializes in renewable energy solutions, particularly in the development, construction, and operation of captive solar and PV mini-grid projects. With a focus on serving Nigeria\u2019s [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":25669,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[180],"tags":[],"class_list":["post-25668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/25668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=25668"}],"version-history":[{"count":2,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/25668\/revisions"}],"predecessor-version":[{"id":25749,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/25668\/revisions\/25749"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/25669"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=25668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=25668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=25668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}