The Chief Executive Officer of IFGreen Industries & Investment Limited, Peter Okonkwo, has disclosed that the company is set to advance into circular economy solutions within agro-innovation.

According to him, the innovation followed the commissioning of its Hybrid Solar Photovoltaic (PV) System and Battery Energy Storage System (BESS) at its production facility in Epe, Lagos, which put it in the league of renewable energy consumers.

The commissioning was witnessed by Okonkwo and the Grosolar team, led by Abiodun Oni.

As part of its expansion strategy, the agro-allied processing company plans to convert agro-processing waste into biogas to further reduce production costs, improve margins and deepen its sustainability impact.

The landmark project, executed in partnership with Grosolar and financed with the support of CleanEnergyFund of FundCo, now delivers an uninterrupted power supply to IFGreen’s operations. It marks a significant milestone in IFGreen’s commitment to renewable energy adoption, environmental sustainability and long-term operational scalability.

Through this initiative, IFGreen will achieve sustainable year-on-year energy cost savings; improved return on agro-processing investments; greater predictability and stability in energy costs; as well as seamless, reliable and uninterrupted power supply all-year-round.

Others are reduced carbon emissions and a stronger environmental footprint; increased opportunities for carbon credit generation; and enhanced capacity for operational expansion and growth.

The development concludes over four years of dependence on diesel generators and fuel procurement—an expensive necessity driven by erratic and insufficient grid power supply in Epe.

With this renewable energy solution in place, Okonkwo asserted, IFGreen will significantly reduce energy expenditure and reinvest the savings into strategic growth initiatives, including job creation within its host community and beyond.

“Improved energy reliability will also enable full capacity utilisation, further strengthening the company’s contribution to food processing, value addition and local economic development,” he added.

This milestone, The Guardian gathered, reinforces IFGreen’s dedication to sustainable growth, environmental responsibility, and inclusive economic development—positioning the company as a forward-looking leader in Nigeria’s agro-processing sector.