By Olumide Johnson
Off-grid solar company, Sun King, has expanded its Nigerian product portfolio with a 5kVA solar inverter and a 210-litre solar-powered freezer, alongside a flexible pay-as-you-go financing model aimed at addressing the country’s worsening electricity reliability and affordability challenge.
DEVELOPMENT:
At a product launch in Nigeria, Sun King unveiled the Power Hub Pro, a 5kVA solar inverter that can be expanded to 30kVA, and Power Freeze, a 210-litre freezer designed to run on solar energy during the day and battery power at night.
Vice President for Pay-As-You-Go, Western Central Africa, Omoyemi Tuga, said that the Power Hub Pro represents an upgrade from the company’s existing 2kVA and 3.3kVA systems.
He said: “It’s very difficult for a customer to buy the product at once, to pay for it outrightly. That’s why we have our in-house financing, which we call EasyBuy.”
The EasyBuy model allows customers to make an initial down payment and spread repayments weekly or monthly over one to two years.
DATA:
The expandable inverter can scale from 5kVA to 30kVA, while the Power Freeze offers 210 litres of storage capacity.
Tuga disclosed that customers can acquire the Power Hub Pro with a down payment of about N340,000, while the freezer will be available at monthly repayments of between N120,000 and N130,000.
Technical Lead for Mission 300 in Nigeria, Dayo Olowoniyi, said that more than 70 million Nigerians still lack access to electricity. He stated that over five million new off-grid electricity connections were delivered between 2025 and 2026 through distributed renewable energy programmes.
SIGNIFICANCE:
The launch reflects a broader shift in Nigeria’s energy market from simply selling solar equipment to financing electricity access. As grid supply remains unreliable, affordability has become as important as technology in expanding energy adoption among households and small businesses.
Olowoniyi said that distributed solar remains one of the fastest routes to electrifying underserved communities, adding that the $750 million World Bank-supported DARES programme helps lower the cost of solar systems through capital subsidies.
“The government, through a programme, a World Bank programme called DARES, provides some level of capital subsidy to companies like Sun King, which then reduces the burden and the cost to Nigerians,” he said.
NEXT MOVE:
The market will be watching whether financing models such as EasyBuy accelerate adoption of larger solar systems among homes, schools, hospitals and SMEs. Public-private collaboration under Mission 300 and DARES will also determine how rapidly off-grid electrification expands.
OUR LENS:
Sun King’s strategy suggests Nigeria’s solar opportunity is evolving from an equipment business into an energy-finance business. Country Business Leader Lisbon Ogunsanmi captured that positioning when he said: “We do not sell panels. We sell confidence.”
The deeper implication is that closing Nigeria’s electricity deficit will depend not only on better technology, but on making reliable power financially accessible to millions of consumers who cannot afford the upfront cost of energy independence.
Olumide Johnson is a journalist, reporting on energy, business, markets, policy and developments shaping Nigeria’s economy.
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