Grene Capital expands Jabi Lake Mall’s solar capacity to 1.5MWp

Grene Capital, an Africa-focused real assets manager, has significantly boosted the solar power capacity at Abuja's Jabi Lake Mall. The recent expansion increases the mall's installed solar capacity from 600 kilowatt-peak to 1.5 megawatt-peak, solidifying its status as Nigeria's first solar-powered mall and a pioneer in large-scale renewable energy for the retail sector.

The project, delivered in partnership with project developer Elektron Renewables, adds 900kWp of photovoltaic capacity to the mall's existing solar installation. Tolu Sokenu, Partner at Grene Capital, highlighted the investment's strategic aim to enhance the asset's long-term performance and resilience. "This project reflects how disciplined, long-term capital investment can strengthen an asset’s performance and resilience at the same time," Sokenu stated. "We look for opportunities to enhance the quality and relevance of our assets in ways that create lasting value, and future-proof a market-leading mall."

“

This project reflects how disciplined, long-term capital investment can strengthen an asset’s performance and resilience at the same time. We look for opportunities to enhance the quality and relevance of our assets in ways that create lasting value, and future-proof a market-leading mall.

Sianny Ayodele, Head of Elektron Renewables, emphasized the growing importance of distributed renewable energy for commercial and industrial assets across Africa. "Projects like Jabi Lake Mall show how institutional capital can accelerate the deployment of scalable energy infrastructure that strengthens asset resilience, improves energy stability, and delivers measurable development impact while supporting long-term economic growth," Ayodele said. The upgraded system is projected to generate approximately 175,000 kilowatt-hours of clean electricity each month. This will reduce reliance on diesel generators and prevent an estimated 1,680 tonnes of carbon dioxide emissions annually. The expansion also enhances resilience against fluctuating grid power and rising energy costs, aligning with Grene Capital’s environmental, social, and governance objectives through improved operational efficiency and asset longevity.

“

Distributed renewable energy is becoming increasingly central to the resilience and efficiency of commercial and industrial assets across Africa. Projects like Jabi Lake Mall show how institutional capital can accelerate the deployment of scalable energy infrastructure that strengthens asset resilience, improves energy stability, and delivers measurable development impact while supporting long-term economic growth.