Power. Growth. Inclusion.

Investors and operators

We invest in and operate distributed energy solutions in Africa.

Catalytic impact

We serve market segments we believe can have catalytic social and economic impact.

Environmental advocates

We take a clean energy first approach to designing our solutions.

Affordable solutions

We design fit for purpose solutions at price points our customers can afford.

Our Company

Established in 2017, SOLAD is an investor in and operator of distributed energy solutions that deliver clean, reliable, and affordable power to unconnected, or underserved customers across the African continent. We believe that by addressing the energy needs of African households, service providers and businesses in an affordable and sustainable way, we have the potential to deliver unrivaled social, economic and environmental impact on the continent, catalyzing growth and driving inclusion.
Vision

For every African to have access to clean, reliable, and affordable power.

Mission

To build a distributed clean energy network that solves Africa’s power problem, one watt at a time

Our Focus

Our initial focus is on the most under-served segments of the market, market clusters that serve millions of small businesses but which have no centralized power solution, social infrastructure that provides essential social services, but has to generate power privately and ordinary Africans, hundreds of millions of which cannot access affordable electricity.

Market traders

SME’s make up 96% of Nigerian businesses, nearly 50% of GDP and 84% of employment. They consistently reference access to electricity as the single largest obstacle they face.
SOLAD is a participant in the Rural Electrification Agencies Solar Hybrid Mini-grids for Rural Economic Development Programme. We are currently an investor in 3 standalone market focused mini-grids, 10 mini-grids in development through our Vertus JV and the operator of 2 of our mini-grids.

Social infrastructure

Less than 50% of Primary Health Care Centres are on-grid while those that are on-grid average 4 hours of power per day.
SOLAD develops specific solutions for social infrastructure projects, providing reliable and affordable power to some of the continent's most important social institutions. Our initial focus is on powering health centres across Nigeria.

Housing

80 million Nigerians lack access to reliable affordable electricity. SOLAD is a participant in the Rural Electrification Agency's Standalone Solar Home Systems for Households and SME's programme.
SOLAD is a participant in the Rural Electrification Agency's Output Based Fund for Standalone Solar Home Systems for Households and SME's, and is rolling out systems to targeted recipients in Nigeria's South West. You can register your interest for a system by clicking here.
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Projects

Our Leadership

The SOLAD leadership team have over 100 years of collective experience, with deep networks across Nigeria and a track record of developing, delivering and exiting projects successfully
labi
Constantine ‘Labi Ogunbiyi Group Non-Executive Chairman
denis
Denis O’Brien Group CEO
yewande
Yewande Olagbende CEO Solad
rob
Rob Chepak Group Non-Executive Director

News and Resources

Multilateral Development Banks Commit to Mobilizing USD 120 Billion for Climate Action at COP29

Multilateral Development Banks Commit to Mobilizing USD 120 Billion for Climate Action at COP29

November 15, 2024 Industry

At COP29 in Baku, multilateral development banks (MDBs) announced a commitment to collectively mobilize significant financial support

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Solad Announces Exciting Partnership With Siltech World

Solad Announces Exciting Partnership With Siltech World

October 19, 2024 Solad news

Solad Announces Exciting Partnership With Siltech World Towards our mission to build a distributed clean energy network

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Solar power is shattering global records

Solar power is shattering global records

September 2, 2024 Industry

Solar has been gaining popularity for years now, but in 2023 the clean energy source really took off: A staggering 428 gigawatts’

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Testimonials

With more than 10,000 market stalls already served by SOLAD energy solutions, we are driving significant impact for our customers. Here is what a few of them have to say:
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