All On backs solar firm Salpha with N2bn investment to expand electricity access

All On, an impact investment company focused on improving access to energy in off-grid areas, has announced a N2 billion investment in Salpha Energy, a female-led clean energy company providing solar solutions to underserved communities across Nigeria.

The investment will help Salpha scale its operations, diversify its solar product range, and expand its local solar assembly facility, the only female-led solar home system assembly plant in Sub-Saharan Africa.

“All On is happy to provide local currency financing to help local industries solve the long-standing industry currency mismatch risk. This investment aligns directly with our mission to bridge the access-to-energy gap in Nigeria by backing indigenous companies that are innovating for impact,” said Caroline Eboumbou, CEO of All On, at the signing ceremony.

Salpha’s turnkey solar systems, ranging from 150 watts to 100 kilowatts and integrated with battery storage and smart inverters, are designed to meet the unique energy needs of African households and businesses.

The systems have supported services such as lighting, refrigeration, ventilation, and medical equipment across primary healthcare centres, micro-enterprises, and schools in off-grid and weak-grid areas. The company says its solutions have already impacted more than two million lives in Nigeria.

Sandra Chukwudozie, founder and CEO of Salpha Energy, described the investment as a “huge step forward” in the company’s mission to provide solar systems designed and assembled on the continent.

“It’s not just about access to electricity, it’s about dignity, productivity, and opportunity for the over 600 million people across sub-Saharan Africa who are still off-grid,” she said.