🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

WATT Renewable partners with Clear Blue for African telecom energy solutions

EditorNikhilesh Pawar
Published 21/11/2023, 14:32
CBLU
-

WATT Renewable Corporation, a Canadian/Nigerian company specializing in sustainable development, has announced a partnership with Clear Blue Technologies International Inc. to provide energy solutions to the telecom industry across Nigeria and other African nations. This collaboration is set to roll out 1000 solar hybrid systems to telecom towers over the next three years, targeting high-growth markets in the region.

In October, WATT Renewable secured a US$13 million investment aimed at expanding its operations. This funding has facilitated the purchase of 160 systems from Clear Blue for $1.58 million CAD, with shipments expected in the fourth quarter of 2023 and the first quarter of 2024. The partnership is built on a Preferred Alliance Agreement that will see both companies co-market WATT's Energy as a Service, which is powered by Clear Blue's Esite-Micro technology and Illumience Smart Cloud platform.

The CEOs of both companies, Miriam Tuerk of Clear Blue and Oluwole Eweje of WATT Renewables have emphasized the strategic importance of this partnership. It aims to leverage growth potential and enhance operational excellence within Africa's rapidly expanding telecom sector. The initiative, dubbed "On the Road to Zero Diesel," aligns with efforts to achieve net-zero objectives for telecom operators across the continent, marking a significant step towards sustainable energy use in African telecommunications.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.