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

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Grene Capital, an Africa-focused real assets manager, has completed a major solar expansion at Jabi Lake Mall in Abuja, increasing the mall’s installed solar capacity from 600 kilowatt-peak to 1.5 megawatt-peak.

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According to a statement, the latest expansion adds 900kWp of photovoltaic capacity to the mall’s existing solar installation. The project was delivered in partnership with Elektron Renewables, which served as the project developer.

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The original 600kWp installation made Jabi Lake Mall Nigeria’s first solar-powered mall and one of the country’s earliest large-scale renewable energy projects in the retail sector.

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Commenting on the development, Partner at Grene Capital, Tolu Sokenu, said the investment was aimed at improving the long-term performance of the asset.

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“This project reflects how disciplined, long-term capital investment can strengthen an asset’s performance and resilience at the same time,” Sokenu said. “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.”

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The Head of Elektron Renewables, Sianny Ayodele, said distributed renewable energy was becoming increasingly important for commercial and industrial assets across Africa.

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“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,” Ayodele said.

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The statement noted that the upgraded system is expected to generate about 175,000 kilowatt-hours of clean electricity monthly, reduce diesel generation and prevent about 1,680 tonnes of carbon dioxide emissions annually.

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It added that the expansion would improve resilience against grid volatility and rising energy costs while supporting Grene Capital’s environmental, social and governance strategy through operational efficiency and long-term asset resilience.

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