Clear Blue Technologies (TSXV: CBLU) Announces MOU for 312 Solar-Powered Telecom Sites in Nigeria with Hotspot

3 min read | March 04, 2025 06:06 AM EST | By Team Kalkine Media

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Clear Blue Technologies (TSXV: CBLU) Announces MOU for 312 Solar-Powered Telecom Sites in Nigeria with Hotspot — Image source: Shutterstock

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Highlights

Clear Blue-led consortium to deploy 312 solar-powered telecom sites across Nigeria

Deal supported by strategic partners Empower New Energy and Netis, with rollout targeted for 2025

Innovative business model aims to meet stringent Total Cost of Ownership targets in Africa's telecom market

Clear Blue Technologies International Inc. (TSXV:CBLU), the Smart Power Company, today announced that Hotspot, the leading telecommunications service provider in Nigeria, has signed a Memorandum of Understanding (MOU) with a Clear Blue-led consortium. The consortium also includes Empower New Energy and Netis and will work together to deploy 312 solar-powered telecom sites across Nigeria. This deal is subject to final contract negotiations and signatures, with the targeted rollout set for the end of 2025.

Strategic Partnership for Telecom Growth in Nigeria

This partnership brings together a diverse set of expertise, ensuring the efficient design, construction, and operation of the telecom network, solar power, and tower sites across Nigeria. The consortium’s combined capabilities will ensure rapid execution of the project, enabling the delivery of reliable, low-cost solar power for telecom infrastructure while addressing the growing telecom demands across the country.

Hotspot: As a leader in building active telecom networks and services across Nigeria, Hotspot will leverage its deep knowledge of the Nigerian telecom landscape to ensure successful site deployment and operational success.
Clear Blue Technologies: Known for its industry-leading Smart solar power solutions, Clear Blue’s patented Illumience Smart Power technology will be used to ensure the telecom sites achieve maximum uptime and efficiency, offering the lowest Capex and Opex in the market.
Empower New Energy: A leader in clean energy financing across Africa, Empower’s entrepreneurial business and execution model makes it an ideal financing partner for this ambitious project.
Netis: Specializing in telecom infrastructure operations, Netis will deliver installation, operations, and maintenance services for the telecom sites, ensuring smooth deployment and long-term sustainability.

Addressing Challenges in the African Telecom Market

Commenting on the partnership, Morenikeji Aniye, CEO of Hotspot, said, "As everyone active in the telecom market in Africa is aware, it is a difficult operating environment with challenging Total Cost of Ownership (TCO) targets. And yet, it is probably the largest untapped telecom market in the world with significant growth potential. Clear Blue brings an innovative technology and service capability which, together with an innovative business model and structure, enables us to deploy and operate these sites while meeting stringent service and TCO targets."

Terje Osmundsen, CEO of Empower New Energy, added, "After having worked with Clear Blue on multiple projects, we are defining a speedy and unique model of partnership between the Smart Power provider and the financier. Together, we are able to deliver unparalleled value and flexibility in project structure and contracts to bring a financing model that will work for developers such as Hotspot."

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