Our Businesses
One company, many ways to power Nigeria
Nova Utilities is a Nigerian energy transition platform that develops, finances, builds, and operates decarbonisation infrastructure across the full project lifecycle, from origination and structuring to construction and long-term ownership.
The Group operates through three companies, each with a distinct risk and return profile.
Sapio Utilities provides captive and distributed generation for commercial and industrial customers, a segment where unreliable grid supply makes self-generation a structural cost of doing business rather than a discretionary one.
Nova Blueline Power owns and operates utility-scale generation and transmission assets, anchored by the 8 MW integrated power system serving the Lagos State Blue Line Rail, a state-backed public infrastructure counterparty.
The Floating Solar Company is a dedicated floating photovoltaic developer that builds generation capacity where land is scarce or costly, and benefits from the higher yields that water-cooled panels deliver.
Nova acts as both a principal investor and a technical delivery partner. As principal, it commits equity to the assets it develops and holds them over the long term. As delivery partner, its in-house engineering team competes for and executes third-party EPC, engineering, and infrastructure advisory mandates. The model keeps critical technical capability inside the Group and generates fee income that diversifies revenue beyond asset-level cash flows.
Treasury, legal, human capital, procurement, and risk management are centralised at Group level, lowering subsidiary overheads and applying consistent governance and controls across the portfolio. Centralisation also allows Nova to raise capital at the parent level and allocate it efficiently across its subsidiaries.
Currently at 15 MW, Nova Utilities is targeting around 60 MW by Q2 2028 through opportunistic growth and acquisitions.
