What GreenPower does

GreenPower Overseas Limited (operating as GreenPower Nigeria or GreenPower GP) is a privately held renewable energy and electromechanical engineering company headquartered in Lagos, Nigeria, founded in 2006 and led by MD/CEO Engr. Bamidele Faparusi. The company delivers integrated power and building-engineering solutions across eight Nigerian verticals — Oil & Gas, Healthcare, Banking, Real Estate, Telecoms, Transportation, Military, and Broadcasting — as well as residential/off-grid consumers, serving them through a hybrid direct-to-consumer (BuySolar e-commerce storefront and WhatsApp Business) and enterprise field-sales model.

Its core product platform is the GP Solar Hybrid Solutions family, a laddered portfolio of bundled Deltron-inverter-based systems from 1 kW (GP 1.0 LBS/TBS) to 10.2 kW (GP 10.0 LBS/LBS-X and TBS/TBS-X), available in both lithium-ion (LBS) and tubular-battery (TBS) variants with MPPT charging and grid-tied/off-grid switching. Layered on top are the SunFrez solar-powered chest freezers (144L–700L, OEM'd by Hisense with embedded GPRS/4G IoT telemetry and Pay-As-You-Go enabling), portable solar generators, and the ECOPump solar water pump. Service lines include Critical Power/UPS (integrating Gamatronic/SolarEdge modular UPS), Power Protection (Ortea/IREM voltage regulators), Ingesco lightning protection, turnkey MEP contracting, and energy consultancy.

The business combines four revenue streams: hardware sales of branded solar systems and freezers, professional engineering and MEP contracting services, customer-financed PAYG/instalment plans (up to 12 months) with IoT-enforced collections, and an affiliate referral program. Pricing is publicly disclosed in Nigerian Naira (₦) on the BuySolar storefront, with products ranging from ₦1.17M (GP 1.0 LBS) to ₦6.46M (GP 10.0 LBS-X) and ₦1.64M–₦3.03M for SunFrez freezers. Long-tenured OEM partnerships with Gamatronic/SolarEdge, Ortea/IREM, Ingesco, SureChill, Hisense, and Deltron form the technology backbone of the offering.

Name

GreenPower

Legal name

GreenPower Overseas Limited

Website

https://greenpowernig.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

GreenPower Overseas Limited is a Lagos-based renewable energy and electromechanical engineering firm founded in 2006 that designs, integrates, and finances solar hybrid power systems, solar freezers, UPS, and MEP solutions for Nigerian enterprises and off-grid consumers.

Ownership category

akta.pro rank

Product category

Solar Energy Systems & Electromechanical Engineering

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600), Switchgear & Switchboard Apparatus (3613), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)

akta.pro primary industry

Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ)

akta.pro secondary industries

Solar Financing, Leasing & Ownership Platforms (Tax Equity, PPA, Securitization) (EUAMABAJ), Solar Inverters, Power Electronics & MLPE (String/Central Inverters, Optimizers, Microinverters) (EUAMABAE), Solar Balance-of-System Components (Cables, Combiner Boxes, Switchgear, Transformers) (EUAMABAG), Green Tariffs & Utility Renewable Supply Programs (EUAGADAJ)

Keywords

• Solar hybrid systems
• Solar freezers
• Power protection
• MEP contracting
• Energy consultancy

Headquarters

HQ city

Ikeja

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Solar Product Hardware Sales: Direct sale of branded GreenPower solar hybrid systems (GP LBS lithium-ion and TBS tubular battery series), solar generators, and SunFrez solar freezers via the BuySolar e-commerce storefront and direct sales channels, priced per unit in Nigerian Naira.
2. Engineering & MEP Contracting Services: Turnkey mechanical, electrical and plumbing (MEP) project delivery including system design, project management, procurement, construction, and operations & maintenance for oil & gas, healthcare, banking, real estate, telecoms, transportation, military and broadcasting clients.
3. Power Protection & UPS System Integration: Sale, installation and integration of Gamatronic/SolarEdge UPS systems, Ortea voltage regulators and Ingesco lightning protection systems for critical-power applications across hospitals, banks and industrial facilities.
4. Energy Consultancy Services: Paid consultancy engagements covering load audit and system design, energy efficiency conversion studies, power and energy audits, power factor studies & correction, and after-sales support services.
5. Pay-As-You-Go (PAYG) / Instalment Financing: Customer-financed revenue stream where solar systems and freezers are acquired under lease-to-own or installment plans (up to 6–12 months) with PayGo-enabled remote monitoring for collection enforcement in developing-market contexts.
6. Affiliate Program Sales: Affiliate sign-up program offering commission-based referral sales of GreenPower solar products via the BuySolar storefront.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

GreenPower sells bundled solar hybrid power systems (GP 1.0 through GP 10.0 in tubular and lithium-ion battery variants), SunFrez solar-powered chest freezers, portable solar generators and solar water pumps through a BuySolar e-commerce storefront and direct enterprise sales. It also delivers turnkey engineering, MEP contracting, UPS, power protection and lightning-protection integration, plus paid energy consultancy services covering load audits, energy efficiency studies and power-factor correction.

Product overview

GreenPower Overseas Limited (operating as GreenPower Nigeria) is a single unified renewable-energy and electromechanical-engineering business rather than a multi-module SaaS platform. Its core commercial offering is the Solar Hybrid Solutions family — a laddered portfolio of bundled solar hybrid home systems branded GP 1.0 through GP 10.0, each available in either a Tubular Battery variant (GP 1.0 TBS / GP 2.0 TBS / GP 3.0 TBS / GP 4.0 TBS / GP 5.0 TBS / GP 10.0 TBS and their -X extended versions) or a Lithium-ion Battery variant (GP 1.0 LBS / GP 2.0 LBS / GP 3.0 LBS / GP 4.0 LBS / GP 5.0 LBS / GP 10.0 LBS and -X variants), all built around a Deltron hybrid inverter with MPPT, pure-sine-wave output and solar/battery/grid switching. Layered on top of this core are the SunFrez solar-freezer cold-chain family (SF 144L / SF 198L / SF 250L / SF 297L / SF 420L / SF 500L / SF 700L, OEM-partnered with Hisense), the portable Solar Generators (GP 1000SG / GP 2000SG) sold via the BuySolar storefront, and the ECOPump solar water pump. Service lines — Solar PV Solutions, Critical Power / UPS (Gamatronic-SolarEdge), Power Protection Systems (Ortea / IREM voltage regulators), Ingesco Lightning Solutions, MEP Contractor (mechanical, electrical and plumbing including FM-200 suppression and lifts/elevators), and Consultancy (load audits, energy-efficiency studies, power-factor correction) — sit alongside the products as integrated delivery and integration capabilities rather than standalone software products.

Differentiator

Problem solved

Functional benefit

Brands

• BuySolar: E-commerce storefront brand (buysolar.greenpowernig.com) selling GreenPower solar hybrid solutions, solar freezers, solar home systems, and solar generators.
• SunFrez
• GP

Products and services

• GP Solar Hybrid Solutions (LBS / TBS Family, 1kW–10.2kW) Bundled solar hybrid home systems pairing Deltron hybrid inverters (MPPT, pure sine wave) with solar arrays and either Lithium-ion Battery (LBS) or Tubular Battery (TBS) storage, scaled from 1kW (GP 1.0) up to 10.2kW (GP 10.0) and including -X extended variants with larger PV arrays and battery banks. Offered with up to 6–12 month instalment financing for residential, small commercial and enterprise customers in Nigeria.
• SunFrez Solar-Powered Chest Freezers (SF 144L–SF 700L) Solar-powered chest freezer line available in 144L, 198L, 250L, 297L, 420L, 500L and 700L sizes with Fast Freeze, Power Indicator, Over-Temperature Alarm, Pay-As-You-Go enabling, USB/RS232/RS485/Dry-Contact interfaces, and GPRS/3G/4G real-time IoT monitoring. Provides 100+ hours holdover autonomy off-grid; OEM partner Hisense supplies compressor technology. Targeted at residential, small commercial and off-grid cold-chain users in Nigeria.
• Solar Generators (Portable GP Generators) Portable GreenPower solar generators sold through the BuySolar storefront in VRLA-battery and LifePo4-battery sub-categories, integrating a Deltron inverter with built-in solar array and lithium/VRLA battery for plug-and-play mobile power for homes, small businesses and field use.
• ECOPump Solar Water Pump Solar-powered water pump marketed for agriculture, livestock and remote communities, harnessing sunlight for efficient off-grid water management as part of GreenPower's solar product portfolio.
• Critical Power / UPS Systems (Gamatronic SolarEdge) Modular Uninterrupted Power Supply (UPS) systems from Gamatronic (a SolarEdge division) delivered and integrated by GreenPower, providing zero-transfer-time backup power for critical loads in healthcare, banking, telecoms and industry as an alternative to fossil-fuel emergency generators.
• Power Protection Systems (Ortea / IREM AVR) Automatic Voltage Regulator and power-quality equipment from Ortea (with related IREM product line) supplied and integrated by GreenPower as the Nigerian system integrator for voltage regulation and power-quality across homes, businesses and industrial users.
• Ingesco Lightning Protection Solutions Lightning-protection systems from Ingesco, integrated by GreenPower for Oil & Gas, chemical, electrical, mining, energy, agriculture, defense, government, healthcare, leisure and tourism, banking and communications industries in Nigeria.
• Solar PV Solutions (Design, Supply, Installation & Maintenance) End-to-end solar PV solutions covering design, supply, installation and maintenance of solar panels, inverters and batteries for homes, businesses and industries in Nigeria, forming the foundation of GreenPower's renewable-energy business.
• MEP Contractor Services (Mechanical, Electrical & Plumbing) Turnkey Mechanical, Electrical and Plumbing contracting including plumbing mechanical building services, electrical building services, FM-200 suppression systems and lifts & elevators for residential, commercial and industrial projects in Nigeria.
• Energy Consultancy Services Energy consultancy covering Load Audit and System Design, Energy Efficiency Conversion Studies and Implementations, Power and Energy Audit Services, After-Sales Support Services and Power Factor Studies & Correction for Nigerian homes, businesses and industrial facilities.

Quantifiable outcome

• Homeowner customer saves 60% on electricity bills after installing GreenPower solar hybrid solution
• +3 more outcomes

Named customers4 records

Segments9 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature6 records

Partnerships

Six partnerships are on record, tiered flagship and core.

• Gamatronic (SolarEdge)flagshipOEM/ Whitelabel/ Licensing PartnerGreenPower partners with Gamatronic, a division of SolarEdge and a global leader in modular Uninterrupted Power Supply (UPS) systems with over 50 years of experience. GreenPower positions itself as a system integrator delivering Gamatronic modular UPS into the Nigerian market for healthcare, banking and industrial applications.
• Ortea / IREMflagshipOEM/ Whitelabel/ Licensing PartnerGreenPower is proud to partner with IREM (Italian company, founded in 1947), a worldwide leader in design and manufacture of equipment for the control and generation of electric energy, to deliver high-quality power protection (Ortea Next) and voltage regulation solutions to the Nigerian market.
• IngescocoreOEM/ Whitelabel/ Licensing PartnerGreenPower GP partners with Ingesco to deliver lightning protection systems adaptable to Oil & Gas, chemical, electrical, mining, energy, agriculture, defense, government, healthcare, leisure and tourism, banking and communications industries.
• SureChillcoreTechnology or IntegrationSureChill is listed as one of GreenPower's Key Partners on greenpowernig.com, supporting the company's solar refrigeration / cold-chain product line.
• HisensecoreOEM/ Whitelabel/ Licensing PartnerHisense is identified as the OEM Partner for the SunFrez solar freezer line, including the SF 500L chest freezer product specification, with compressor technology supplied by Hisense.
• DeltronflagshipOEM/ Whitelabel/ Licensing PartnerDeltron hybrid inverters are the standard inverter platform across the GreenPower GP solar hybrid product line (GP 1.0 TBS through GP 10.0 TBS-X and LBS series), branded as Deltron Hybrid Inverter in the official product specifications.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• SolarEdge: Global solar inverter and now-UPS player (via Gamatronic acquisition) with growing direct presence in distributed solar; comparable because GreenPower is a downstream channel partner for its Gamatronic UPS line in Nigeria.
• Schneider Electric: Global broad-line incumbent in power protection (UPS), power quality (AVR/voltage regulation), and electrical distribution; competes head-on with GreenPower's Gamatronic UPS and Ortea power-protection business in Nigerian healthcare and industrial accounts.
• Eaton: Global incumbent in UPS, power quality, and electrical infrastructure; directly overlaps with GreenPower's critical-power/UPS offering for hospitals, banks and telecoms in Nigeria.

Direct peers

• Arnergy Solar: Lagos-based distributed solar and energy storage system integrator serving Nigerian residential, commercial and industrial customers; directly comparable to GreenPower's GP hybrid solar home systems and enterprise MEP/solar contracting business.
• Lumos Global: Nigerian pay-as-you-go solar home system operator focused on off-grid residential power; directly comparable to GreenPower's PAYG-enabled solar hybrid systems and instalment-financed residential model.
• d.light: Pan-African off-grid solar PayGo provider selling solar home systems and appliances (including refrigeration) to developing-market households; overlaps with GreenPower's residential off-grid solar and SunFrez cold-chain line.
• M-KOPA: Kenya-headquartered PayGo solar and asset financing platform with operations across East and West Africa; directly comparable to GreenPower's PAYG-enabled hardware, IoT-based remote lock, and instalment-finance revenue model.
• Sun King (formerly Greenlight Planet): Pay-as-you-go solar home system provider operating across Nigeria and other African markets; competes with GreenPower's entry-level GP 1.0 TBS/LBS residential solar offerings.

Regional players

• SolarAfrica: Pan-African (primarily South Africa) C&I and utility-scale solar developer and integrator; broader geographic scope than GreenPower but directly comparable on enterprise solar project delivery and turnkey EPC capability.

Emerging players

• Zola Electric: Off-grid and weak-grid solar-plus-storage provider across East and West Africa with PAYG financing; emerging player overlapping with GreenPower's hybrid solar storage and PAYG-financed residential product line.

Market position

Strengths4 records

Weaknesses2 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/greenpower-overseas-limited-3208
• Xx.com/buysolarups
• Facebookfacebook.com/GreenpowerOverseasLimited

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GreenPower