Talking to Bloomberg News, Sherisse Alexander, Chief Business Officer, told reporter Antony Sguazzin of WATT’s plans to raise $100 million by the end of 2024 to deliver a 100MW pipeline of hybrid solar storage projects in Nigeria.
Alexander confirmed that WATT is seeking both foreign and domestic investors to support its mission to provide reliable power to African businesses and communities. Bloomberg’s Sguazzin writes, WATT is one of a handful of energy start-ups seeking to bring power to the 600 million people in Africa who have no access to electricity.
Celebrating the write up, WATT founder and CEO Oluwole Eweje said:
“This capital raise is a major milestone for us. In just five years, WATT has established an impressive portfolio of hybrid solar storage projects that are not only improving connectivity and uptime for the telecommunications and financial services industries, but also bringing a reliable, affordable source of power to underserved communities.
“We are now seeking investors that can accelerate our journey to become one of the most notable solar providers in Africa; being featured in Bloomberg is putting us in front of all the right people.”
Read the full article: Solar Power Provider Seeks $100 million for solar expansion
Lights, camera, action
Following the publication of the article, Alexander was delighted to be invited onto Arise TV’s Global Business Report, anchored by Rotus Oddiri, to discuss the solar and storage potential in Nigeria and beyond, and the investment WATT seeks.
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