Prado Power

What Prado Power does

Prado Power is a Nigerian cleantech company headquartered in Garki, Abuja, that designs, finances, and operates solar photovoltaic mini-grid systems with battery storage for off-grid rural communities, commercial and industrial clients, and government electrification programs. Its technical platform centers on modular, field-proven microgrids integrating solar PV generation, battery storage, and supervisory control software for load and generation forecasting; a distinctive feature is the agro-energy hub, in which a mini-grid is co-deployed with agricultural processing equipment (hammer mills, cassava graters, rice dehuskers, cold storage, electric tricycles) that is leased to women entrepreneurs on a 24-month amortized basis. Deployments range from 12kW community mini-grids to a 20MW utility-scale solar PV power plant in PPA negotiation, and the company also delivers commercial and industrial solar EPC, energy management, feasibility studies, and renewable-energy policy advisory services. Revenue is generated through per-kWh tariffs on mini-grid connections (residential and commercial $0.45/kWh, productive use $0.25/kWh), lease-to-own payments on agro-processing equipment, C&I EPC project fees, and ongoing energy management subscriptions. Customers include rural communities across Niger, Plateau, Borno, Akwa Ibom, Enugu, Ondo, and Benue States, the Lagos State education sector (117 schools), a commercial catfish farm, and state and federal government counterparties including the Nigerian Rural Electrification Agency.

Name

Prado Power

Legal name

Prado Power

Website

https://pradopower.org

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Prado Power is a Nigerian solar energy company that designs, finances, and operates solar mini-grids and agro-processing hubs for off-grid rural communities, commercial and industrial clients, and government electrification programs across multiple Nigerian states.

Ownership category

akta.pro rank

Product category

Renewable Energy Solutions

NAICS

Solar Electric Power Generation (221114)

SIC

Electric Services (4911)

akta.pro primary industry

Hybrid Microgrids (Solar+Storage+Gen, Multi-Resource) (EUACALAH)

Keywords

• Solar mini-grid solutions
• Renewable energy EPC
• Off-grid electrification
• Agro-energy hubs
• Solar home systems

Headquarters

HQ city

Garki

HQ country

Nigeria

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Mini-grid Electricity Sales: Prado Power develops and operates solar mini-grids in off-grid communities, selling electricity to residential households, commercial businesses, and productive use customers (agricultural processing equipment) through tariff-based pricing. Residential and commercial customers pay connection fees plus per-kWh tariffs, while productive use customers receive discounted tariffs for agricultural processing machines.
2. Agro-Processing Hub Services: Revenue from agricultural processing equipment (hammer mills, cassava graters, rice dehuskers) leased to community members on pay-per-use or lease-to-own basis. Processing equipment is entrusted to select women within communities on lease-to-own basis over 24 months to operate as businesses while amortizing equipment costs.
3. Commercial & Industrial Solar EPC: Engineering, Procurement and Construction services for solar PV installations for commercial and industrial clients including businesses, institutions, and facilities. End-to-end project development from feasibility studies through installation and commissioning.
4. Consultancy Services: Feasibility studies and consulting for renewable energy projects including energy consumption analysis, cost-efficient method calculations, technology comparisons, and project finance recommendations.
5. Energy Management Services: Ongoing energy management services including data collection, optimization, ROI calculation, and execution of energy efficiency solutions for buildings and facilities.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Prado Power develops, installs, and operates solar PV mini-grid systems with battery storage for off-grid rural communities, commercial and industrial clients, and utility-scale applications in Nigeria. The company bundles solar generation with agricultural processing equipment (agro-energy hubs) and Pay-As-You-Go solar home systems to deliver productive energy access. It also delivers EPC, energy management, and feasibility consultancy services for renewable energy projects.

Product overview

Prado Power is a cleantech energy company providing renewable energy solutions across Nigeria with over 2MW of solar PV deployments. The company's product portfolio consists of four core solution areas: Microgrids (local independent energy grids with solar generation and battery storage), Commercial & Industrial Solar (C&I solar solutions ranging from tens of kW to MW), Utility Scale Solar (large PV power stations 1MW+), and Residential Solar (off-grid and hybrid home systems in collaboration with Volta Systems). Beyond these core offerings, Prado Power delivers specialized Solar Mini-Grids and Agro-Energy Hubs that combine energy access with agricultural processing equipment to maximize economic benefits for rural communities. The company also provides engineering, procurement and construction (EPC) services, energy management consulting, feasibility studies, and renewable energy policy formulation support. Industries served include data centers, government, healthcare, retail/hospitality, agriculture, institutions, and manufacturing.

Differentiator

Problem solved

Functional benefit

Products and services

• Microgrids Local, independent energy grids serving discrete geographic areas, integrating clean energy generation (solar panels, wind turbines, hybrid generators) with battery storage for distribution to homes, businesses, and utilities. Targeted at off-grid communities, businesses, and utilities.
• Commercial & Industrial Solar Solar power supply solutions for businesses of various sizes including large corporations, government entities, schools, and universities, with project sizes ranging from tens of kilowatts into the megawatts. Targeted at commercial, industrial, institutional, and governmental clients in Nigeria.
• Utility Scale Solar Large-scale solar electricity generation including large PV power stations and concentrated solar power installations, typically 1MW and above, for wholesale utility buyers under PPAs. Targeted at utility off-takers such as distribution companies.
• Residential Solar Solar and renewable energy systems for homes and small businesses, ranging from small all-in-one units for basic appliances to whole-home systems, offered via Pay-As-You-Go financing and delivered in collaboration with Volta Systems. Targeted at residential households and small businesses in off-grid and poor-grid areas of Nigeria.
• Engineering, Procurement and Construction (EPC) for Renewable Energy Projects End-to-end project delivery service covering full assessment/audit, technical evaluation, DC/AC engineering, storage scaling, grid integration, construction, and quality control for renewable energy projects. Targeted at commercial, industrial, governmental, and utility-scale clients.
• Energy Management Ongoing energy management service tracking and optimizing energy consumption through continuous data monitoring, equipment optimization, ROI calculation, and iterative execution of energy reduction solutions. Targeted at building owners, facility managers, and organizations seeking energy cost reduction.
• Consultancy and Feasibility Studies for Renewable Energy Projects Feasibility studies and consulting services for renewable energy projects including energy consumption analysis, site analysis, cost estimation, project finance options, and technology cost comparisons. Targeted at project developers, investors, governments, and organizations evaluating renewable energy investments.
• Renewable Energy Policy Formulation and Support Policy formulation and support services covering agenda setting, policy formation, implementation, evaluation, and policy maintenance, succession or termination. Targeted at government bodies and policy stakeholders in the renewable energy sector.
• Agro-Energy Hubs Solar-powered agricultural processing hubs integrated with mini-grids, providing energy access alongside equipment for processing and storage of agricultural produce including hammer mills, cassava graters, garri fryers, rice dehuskers, cold storage freezers, and electric haulage cargo tricycles. Targeted at rural agrarian communities and women-led productive use entrepreneurs in Nigeria.
• All-in-One Solar Systems for Education Small Volta all-in-one solar systems and panels (including 150W 40Ah and 10W 7Ah portable units) for educational institutions, powering innovative teaching tools such as Mavis talking pens. Targeted at low-cost private schools and educational facilities in Nigeria.

Quantifiable outcome

• 90% reduction in diesel expenditure from N220,000 to N25,000 monthly for catfish farm
• +4 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Farm Warehouse LimitedcoreStrategic or Co-development Partner · 8 March 2023Strategic partnership with Farm Warehouse Limited to set up and operate agro-processing hubs powered by solar mini-grids. Farm Warehouse provides e-commerce services for smallholder farmers including access to improved seedlings, inputs, equipment, insurance, loans, and market access for agricultural produce. The partnership has retrofitted and embedded 44 productive use equipment within clean energy mini-grids and onboarded 201 smallholder farmers on its platform.
• RMI (Rocky Mountain Institute)coreStrategic or Co-development Partner · 8 March 2023RMI supported the Mbiabet project through Sharing the Power and Energizing Agriculture Programme (EAP) initiatives in Nigeria. Sharing the Power supports community-centered interventions on minigrid development that improve system performance while increasing socioeconomic development. EAP is co-led by Nigerian Rural Electrification Agency (REA) and identifies, de-risks, and scales market-led business models pairing minigrid communities with productive use equipment and services.
• Akwa Ibom State GovernmentcoreStrategic or Co-development PartnerAkwa Ibom State Government initiated and supported the project under the Solar Power Naija (SPN) initiative - Nigeria's Economic Sustainability Plan. The government engaged Prado Power to replicate the agro-energy hub model across multiple communities in the state.
• Mavis ComputelminorImplementation/ SI/ Consulting PartnerPrado Power served as Renewable Energy service provider to Mavis Computel for the UK Aid DEEPEN Challenge Fund Project in Lagos State, providing solar systems to 117 schools.
• Nigeria Rural Electrification Agency (REA)coreStrategic or Co-development PartnerNigerian Rural Electrification Agency (REA) is the government body co-leading the Energizing Agriculture Programme (EAP) with RMI. REA runs the Solar Power Naija initiative under Nigeria's Economic Sustainability Plan targeting 5 million new solar connections.
• Enugu State GovernmentcoreStrategic or Co-development PartnerEnugu State Government engaged Prado Power to replicate the agro-energy hub model across 60 communities in the state, following the success of the Mbadede project.
• Diamond Development InitiativesminorImplementation/ SI/ Consulting PartnerLocal implementing partner of USADF in Nigeria, involved as key stakeholder in the Mbiabet Solar Mini-grid and Agro-processing hub commissioning.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Husk Power Systems: Operates solar hybrid mini-grids serving rural customers and small businesses in Africa and Asia with PAYGO tariff models. Closely matches Prado Power's microgrid-plus-productive-use positioning and rural community engagement model.
• Sun King (Greenlight Planet): Sells PAYGO solar home systems across Africa and Asia with a hardware-plus-financing model. Comparable in residential off-grid customer base, PAYG tariff mechanism, and multi-country emerging-market go-to-market strategy.
• M-KOPA Solar: Provides PAYGO solar home systems to off-grid households in Africa with mobile-money-based financing. Highly comparable pay-as-you-go model, last-mile distribution approach, and rural customer profile.
• PowerGen Renewable Energy: Africa-focused renewable energy company building and operating solar mini-grids and commercial & industrial solar installations across East and West Africa. Directly comparable in microgrid product offering, rural electrification focus, and blend of utility-scale and last-mile deployment.
• Lumos Global: Nigeria-focused pay-as-you-go solar home system provider offering affordable rooftop solar to households. Directly comparable on Nigerian residential solar distribution, PAYG pricing model, and reliance on mini-grid-style off-grid demand.
• CrossBoundary Energy: Develops, finances, and operates distributed commercial and industrial solar and mini-grid projects across Africa. Overlaps with Prado Power in C&I EPC, renewable project finance structuring, and African geographic footprint.
• d.light: Global provider of affordable solar-powered home lighting and energy systems with significant West African presence. Comparable on solar home system product range, pay-as-you-go pricing, and emerging-market off-grid focus.
• Daystar Power: Nigeria-headquartered solar EPC and operations company delivering commercial & industrial and utility-scale PV systems. Closely comparable on C&I EPC capability, the Nigeria market footprint, and operating model across Lagos and other major Nigerian hubs.
• Zola Electric: Provides solar-plus-storage mini-grid solutions to households and businesses across East and West Africa. Directly comparable in off-grid microgrid hardware, smart metering, and PAYG tariff collection mechanics.

Others

• RMI (Rocky Mountain Institute) Africa Programs: Non-profit that supported Prado Power's Mbiabet project through the Sharing the Power and Energizing Agriculture Programme initiatives. Not a competitor but a key programmatic partner de-risking and scaling mini-grid-plus-productive-use models like Prado Power's.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Prado_Power
• Facebookfacebook.com/pradopower
• LinkedInlinkedin.com/company/pradopower
• Instagraminstagram.com/pradopower

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 Prado Power