As part of its contribution to resuscitate the Nigerian ailing economy, the KFW Development Bank has injected €25million into the Nigerian economy for the growth and development of micro, small and medium enterprises...
ARM-Harith Infrastructure Fund will boost investment in the electricity sector in Nigeria following the launch of AD Power HoldCo, which aims at investing in renewable energy equity financing.
The Nigeria Sovereign Investment Authority (NSIA) has launched a $500m Renewables Investment Platform for Limitless Energy (RIPLE). The Authority said the initiative is dedicated to the development, investment, and operation of renewable energy projects across the entire value chain. With RIPLE, NSIA said it is positioned to expand energy access, enhance energy efficiency and ensure…
Governors of states in the North West region of the country have solicited the support of the African Development Bank Group (AfDB) to strengthen cooperation and unlock the country’s vast agricultural potential.
ARM-Harith Infrastructure Fund has announced the establishment of a distributed renewable energy equity financing platform, in AD Power HoldCo, that focused on off-grid and interconnected mini-grids as well as captive commercial projects sized at less than 1MW in Nigeria. The vehicle invests equity and quasi-equity instruments into companies holding projects with small to medium-sized renewable…
The Managing Director and Group Chief Executive Officer, Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has stated that the cost of renewable energy might hamper Nigeria and other countries on the continent with limited economic resources and adoption of clean energy. Kyari stated this at the Nigerian Association of Petroleum Explorationists' (NAPE's) 41st yearly…
Determined to reduce the impact of climate change in the Niger Delta region, Niger Delta Development Commission (NDDC) has expressed willingness to work with International Oil Companies (IOCs) and other development partners to increase investment in renewable energy projects. To achieve the target, Managing Director of NDDC, Dr. Samuel Ogbuku, said sustainable partnerships to drive the…
The Netherlands has launched a solar marketplace to connect businesses with opportunities and facilitate partnerships between public and private stakeholders to provide renewable solar energy in Nigeria. The solar marketplace launch in Lagos had in attendance leaders and investors in the energy sector from the public and private sectors. Consul general, the Kingdom of Netherlands…
Stakeholders in Nigeria’s electricity sector have bemoaned the slow pace of growth in electricity access, especially using decentralised renewable energy solutions.
BERKSHIRE Finance Company Ltd., has partnered with Reohob Nigeria Limited to finance individuals and small and medium-sized enterprises in the acquisition and installation of renewable energy solar solutions.
As Nigeria's economy struggles with a lack of access to affordable and reliable energy, a fintech company, Payhippo is stepping up to empower business owners with renewable energy through innovative payment plans. It highlighted its plans underway at the "Payhippo Solar Expo: Financing the Solar Ecosystem" held in Lagos on Thursday for installers and vendors.…
Representative of the South East on the governing board of North East Development Commission (NEDC), Sam Onuigbo, has called on foreign and local investors to take advantage of the huge energy market in Nigeria and invest massively in renewable energy.