Transcorp Energy, Renewvia Solar partner to drive clean energy access across Africa

In a major move to tackle the continent’s power deficit, Transcorp Energy Limited and Renewvia Solar Nigeria Limited have officially signed a Memorandum of Understanding to jointly develop, construct, and operate renewable energy projects across Nigeria, with a clear roadmap for African expansion.

The partnership brings together Transcorp Energy, the integrated energy arm of Transnational Corporation Plc, and Renewvia Solar, the local subsidiary of the U.S.-based renewable energy developer, Renewvia Energy Corp.

The collaboration is specifically designed to provide clean and reliable electricity to various sectors of the economy. The rollout will target commercial, industrial, and residential consumers, alongside commercially viable communities, using both off-grid and grid-connected platforms.

Beyond just providing power, the initiative is also structured to allow the aggregation and monetization of Renewable Energy Credits generated from these developed projects.

Speaking on the agreement, the Managing Director and Chief Executive Officer of Transcorp Energy Limited, Chris Ezeafulukwe, emphasized the group’s dedication to closing the continent’s power gap.

He stated that the partnership with Renewvia Energy is aimed at realizing Transcorp Energy’s strategic objective of consistently providing renewable energy solutions across all facets of the economy. Ezeafulukwe noted that the company intends to leverage both grid and off-grid solutions to deliver sustainable energy directly to end-users.

On his part, the Chief Executive Officer of Renewvia, Trey Jarrard, described Nigeria as a cornerstone market for their broader African expansion strategy. He explained that partnering with Transcorp Energy allows them to scale rapidly by anchoring projects to high-quality assets and trusted institutions, while delivering long-term value through clean, resilient, and cost-effective power solutions.

Ultimately, both energy firms view this agreement as the foundation for building a massive, scalable pan-African renewable energy business capable of servicing diverse segments of the continent’s energy market.