Safi Renewable Energy

What Safi Renewable Energy does

Safi Renewable Energy Limited is a privately held Nigerian green project development company incorporated on 25 June 2020 (originally as Safi Power Limited, rebranded in April 2021) and headquartered at 1B Chuks Onyebuchi Drive, Lekki Phase 1, Lagos. The company develops climate-related infrastructure across three integrated service pillars: renewable energy generation and distribution (solar, wind, hydro, and waste-to-energy systems); water treatment and sanitation (water reticulation, potable water distribution, and wastewater disposal); and waste management (municipal solid waste handling, waste-to-value conversion of food, farm, and manufacturing waste into compost, compressed natural gas, biofuels, biochar, and recovered carbon black). Technology is described as customized plant design and project development know-how rather than patented IP, with high-efficiency, low-emission incineration and gasification systems used in the waste-to-energy line.

The company serves commercial and industrial customers, government bodies, other developers/utilities, and climate investors in Nigeria, and currently evaluates opportunities across five Nigerian states with a stated vision to expand across Sub-Saharan Africa. Its business model centers on direct enterprise and government engagement via website contact forms and email inquiries, with revenue generated through managed services, project development, and recurring water utility arrangements; pricing is not publicly disclosed and is bespoke per project. A core differentiator is the strategic financial partnership with Climate Fund Managers (CFM), a blended-finance joint venture between FMO and Sanlam InfraWorks, which gives Safi access to the Climate Investor One and Climate Investor Two facilities holding over $1 billion in committed capital for emerging-markets climate infrastructure. The customer base evidenced in public materials is concentrated around Akwa Ibom State Government, including a NGN123.4 million COVID-19 relief equipment donation executed in July 2021 with implementation support from DPL Construction Limited.

Operationally the firm is lean, with 1–10 employees and a small disclosed leadership team consisting of MD/CEO Yinka Ogundare and Director Mayowa Ogunmola. No revenue, funding rounds, patents, certifications, or AI/ML capabilities are disclosed; the company does not publish a mobile app, SDK, or API. Distribution is direct sales to enterprise and government buyers, with no published channel partners, reseller program, or self-serve onboarding.

Name

Safi Renewable Energy

Legal name

Safi Renewable Energy Limited

Website

https://safirenewableenergyltd.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Safi Renewable Energy Limited is a Nigerian green project developer delivering solar, wind, hydro, water treatment, and waste-to-value infrastructure to commercial, industrial, government, and utility customers, backed by Climate Fund Managers.

Ownership category

akta.pro rank

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Green Project Development: Developing climate-related infrastructure projects in renewable energy, water treatment, and waste management. The company invests solely or jointly with other developers and financiers to build projects within their investment mandate.
2. Water Utility Services: Providing safe, clean, drinkable water as well as water treatment options to residential and industrial customers. Includes water reticulation solutions and wastewater disposal services.
3. Waste Management Solutions: Comprehensive waste management services including municipal solid waste and wastewater management, waste-to-value processing, and waste-to-energy plant design and construction.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Safi Renewable Energy Limited is a green project development company that designs, develops, and delivers renewable energy, water treatment, and waste management solutions for commercial, industrial, and government customers in Nigeria. Core deliverables include solar, wind, and hydro power projects; waste-to-value and waste-to-energy conversion plants; and water treatment, reticulation, and wastewater management systems.

Product overview

Safi Renewable Energy Limited is a green project company offering three integrated service pillars: Renewable Energy solutions covering wind power, solar power, and waste-to-energy systems for commercial and industrial customers; Water Treatment & Sanitation including water treatment solutions, wastewater disposal, and water reticulation systems; and Waste Management services encompassing solid waste management, waste-to-value conversion, and waste-to-energy processing. The company positions itself as a project developer that delivers sustainable climate solutions ranging from residential to industrial scale, working with utilities, climate investors, and government bodies.

Differentiator

Problem solved

Functional benefit

Products and services

• Wind Power Planning & Deployment Data-driven solutions for offshore wind-powered energy generation, including design, construction, and maintenance of wind farms for maximum power efficiency, delivered to commercial and industrial customers and developers/utilities.
• Solar Power Planning & Deployment Solar power generating capacity planning, implementation, and management service for long-term commercial and industrial solar projects, focused on developing and distributing solar energy.
• Waste to Energy Systems Waste-to-energy systems that utilize solid waste as sustainable fuel for converting urban waste sources into usable power for commercial and industrial applications.
• Water Treatment Solutions Design, construction, and installation of water and sewage treatment solutions tailored to each customer, including consulting, analysis, and routine maintenance; covers pre- and post-treatment of wastewater.
• Wastewater Disposal Services Transportation and disposal of hazardous and non-hazardous wastewater from industrial plants, construction sites, agricultural facilities, and spill sites.
• Water Reticulation Systems Specialist water engineering and utility solutions for water treatment and reticulation applications, delivering safe, drinkable water for domestic, industrial, and commercial use.
• Solid Waste & Wastewater Management Municipal solid waste and wastewater management solutions to reduce pollution, greenhouse gas emissions, and environmental degradation, including industrial-scale hazardous and non-hazardous waste disposal and site restoration.
• Waste to Value Solutions Innovative waste transformation methods including converting food waste into compost, methane into compressed natural gas, farm waste into crop food, biofuels, and recycling manufacturing waste into plastics, biochar/activated carbon, metals, minerals, and recovered carbon black.
• Waste to Energy Processing High-efficiency, low-emission incineration and gasification facility that converts municipal trash into sustainable cooking gas, power, and heat energy, with design and construction of customized waste-to-energy plants based on waste volume, composition, and project objectives.

Quantifiable outcome

• COVID-19 relief equipment donation valued at NGN123.4 million to Akwa Ibom State Government
• +1 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered minor and core.

• DPL Construction LimitedminorImplementation/ SI/ Consulting Partner · 2 July 2021DPL Construction Limited was commissioned as a consultant to provide technical support and project management for donated COVID-19 relief equipment for a 12-month period to ensure sustainability of the equipment installed in Akwa Ibom State hospitals.
• Akwa Ibom State GovernmentcoreStrategic or Co-development Partner · 2 July 2021Akwa Ibom State Government partnered with Safi Renewable Energy Limited and Climate Fund Managers for COVID-19 relief programme. The collaboration secured NGN123.4 million for procurement of critical medical equipment including ventilators, oxygen concentrators, diagnostic equipment, and PPE for hospitals including Methodist General Hospital/Isolation Centre, Ituk Mbang and Ibom Multi-Specialists Hospital, Uyo.
• Akwa Ibom Ministry of HealthcoreStrategic or Co-development PartnerPartnership with Akwa Ibom Ministry of Health for COVID-19 relief programme involving equipment donation and technical support.
• Akwa Ibom Ministry of EnvironmentcoreStrategic or Co-development PartnerPartnership with Akwa Ibom Ministry of Environment for COVID-19 relief programme.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Husk Power Systems: Husk develops and operates hybrid solar-biomass mini-grids and distributed renewable energy projects in emerging markets including Africa and South Asia. Closely mirrors Safi's distributed renewable project development model targeting C&I and community customers in underserved geographies.
• BBOXX: BBOXX delivers distributed solar energy systems and project development across Sub-Saharan Africa. Comparable to Safi in deploying renewable power solutions to commercial, industrial, and residential customers in Nigeria and neighboring West African markets.
• SolarArise Africa: SolarArise is a Sub-Saharan African solar project developer building, owning, and operating utility and C&I scale PV plants. Shares Safi's developer-led approach to commercial/industrial solar deployment in Africa.
• CrossBoundary Energy: CrossBoundary develops, finances, and operates distributed renewable energy projects for commercial and industrial clients across Africa. Directly comparable to Safi as a project developer focused on C&I clean power in West Africa.
• PowerGen Renewable Energy: PowerGen builds and operates solar-hybrid mini-grids across East and West Africa for community and commercial customers. Comparable to Safi as an African distributed-renewable project developer in similar geographies.
• Zola Electric: Zola Electric provides solar-plus-storage energy systems and project development across Sub-Saharan Africa. Comparable to Safi's C&I solar and renewable power deployment in Nigeria and neighboring markets.

Broad incumbents

• ENGIE Energy Access Africa: ENGIE operates large-scale renewable generation, waste-to-energy, and water infrastructure across Africa as part of a global utility portfolio. Overlaps with Safi in distributed renewable, water, and waste-management infrastructure in African markets.
• Suez Africa Water and Waste Solutions: Suez operates municipal water, wastewater, and waste-to-resource infrastructure across Africa. Overlaps with Safi's water treatment, reticulation, and waste-to-value service pillars in similar African municipal markets.

Emerging players

• M-KOPA: M-KOPA delivers pay-as-you-go solar energy systems to under-served households across East and West Africa. Related to Safi through distributed renewable energy delivery in similar African geographies, though focused on residential pay-as-you-go rather than C&I project development.
• d.light: d.light designs, manufactures, and finances distributed solar products across more than 60 emerging markets including Nigeria. Comparable to Safi in deploying distributed renewable power to off-grid African customers.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat3 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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 Safi Renewable Energy