Author Topic: Forte Oil Expands Business Into Solar Energy  (Read 130 times)

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Forte Oil Expands Business Into Solar Energy
« on: December 14, 2017, 07:51:19 AM »
An integrated indigenous oil firm, Forte Oil Plc, has expanded operation into the renewable energy with the inauguration of its solar energy solution tagged ?Green Energy? solution.

Speaking during the launch, its Group Chief Executive Officer (GCEO), Mr. Akin Akinfemiwa, said: ?We are foremost integrated energy provider with footprints across the value chain of the energy sector including upstream, downstream and power generation. Today, that we are launching our solar system, we always look for formidable partners to bring our vision to fruition.

?We sat with our partners and created bespoke solutions and achieved sustainable, reliable and cost-effective solar solutc ion. The solution is mobile, cost effective and devoid of service charge.?

He said it is very efficient and is targeted at medium income group that rely on generators to provide power.  ?We will design an array of energy solution,? he said.

Forte Oil?s Group Chief Financial Officer (GCFO), Mr. Julius Omodayo-Owotuga, said: ?The solar energy solution comes with four panels, four 100 amps, 12 volts batteries with free installations. It will cost N700,000 per unit and wholesalers will be entitled to discounts depending on the number of units purchased.?

He further said the product has a year warranty while the panels have 20-25 years lifespan.

The Lagos State Commissioner for Energy and Mineral Resources, Mr. Olawale Oluwo, said: ?The partnership and introduction of the energy solutions came at a time when Lagos State Government is targeting 3000 megawatts (MW) of power dedicated to Lagos State alone, which will be off-grid and independent of Niger Delta gas. It is complementary to what we are doing and we will give it the necessary support.

?We will key into the solar energy solution by Forte Oil which is very vital to our programme and now that Forte Oil has put its brand to solar, we are now sure that we have a reliable partner in solar energy.?


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Forte Oil Expands Business Into Solar Energy
« on: December 14, 2017, 07:51:19 AM »


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