Grene Capital Expands Renewable Energy at Jabi Lake Mall by 150%, Increasing Capacity to 1.5 MWp

Grene Capital, the Africa-focused real assets manager, has announced a major solar expansion at Jabi Lake Mall in Abuja, reaffirming its position as Nigeria’s leading retail and lifestyle hub.
The original 600 kWp installation established Jabi Lake Mall as Nigeria’s first solar-powered mall and one of the earliest large-scale renewable energy projects in the country’s retail sector. The latest expansion, executed in strategic partnership with Elektron Renewables as project developer, builds on this pioneering foundation, reflecting a consistent investment philosophy. The project adds 900 kWp of photovoltaic capacity, increasing the mall’s total solar capacity to 1.5 MWp.

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

According to Sianny Ayodele, Head of Elektron Renewables: “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.”

The upgraded system is expected to generate approximately 175,000 kWh of clean electricity each month, offsetting diesel generation and preventing around 1,680 tonnes of CO₂ emissions annually. It also enhances resilience to grid volatility and rising energy costs. This initiative underscores Grene Capital’s ESG strategy, integrating environmental responsibility, operational efficiency, and long-term asset resilience across its portfolio.