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The biggest secret to the rise of high and middle-income economies like China, India, Pakistan, Egypt, Indonesia, and so on is that government doesn’t solve all the problems. Rather, the problems in these climes are solved by the cooperation of entrepreneurs and the government. It is on this note that countries like Egypt solved their electricity problems by augmenting their traditional power supply with the use of solar power. Most of these solar powers were provided by private businesses. In Nigeria, many homes and businesses have adopted the use of solar power. However, the use is still scanty compared to other countries. With the use of technology, you can build a solar power startup that solves people’s power problems. Below, I itemized a few solar power business ideas you can spin around with technology
Solar-Powered Food Processor Equipment
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Studies have shown that the world’s food bank is growing at a geometric rate, yet the cost of buying food is rising. However, it is not easy for nations suffering from the epileptic power supply. With the current rise in power failure, there is so much food wastage. Most of this food wastage is attributed to a lack of power supply to preserve them. Herein is an opportunity for entrepreneurs: building solar-powered food preservation and processing equipment. For example, building a solar-powered refrigerator or food dryer that is powered by solar will earn you so much beyond money, but a company with a mission. What about helping fruit farmers to process their surplus fruits into juice with solar-powered processor, instead of allowing them to spoil due to bad sales and inability to preserve them?
Subscription Payment Platform
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However, despite the apparent presence of MTN in this space, you can start a FinTech startup that focuses on consumers that want to pay to renew their subscriptions.
Final WordsBuilding a solar energy startup is all about meeting the electricity needs of Nigerians in the face of failing and costly power supply. As we have discussed above, all you have to do to grow a successful solar energy startup is either build a solar-powered startup that preserves and processes food, or create a subscription platform for electricity users, or as well build an online marketplace where everything solar energy sold, distributed or installed. Featured Image Source: Quartz
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