Nigeria’s off grid energy market gets 83m dollar boost
Nigeria’s off grid power developers have secured about 83 million dollars in new International Finance Corporation backed financing under the Distributed Access through Renewable Energy Scale Up programme. The deals signal rising investor confidence in the country’s distributed energy market. The agreements were signed on the sidelines of the 2026 World Bank Group and IMF Spring Meetings. The funding will support an initial group of Nigerian renewable energy companies deploying mini grids and solar home systems in communities with little or no grid access. It also marks a shift from pilot projects to large scale rollout of distributed energy infrastructure. Companies that have signed financing agreements in the first phase include Darway Coast PriVida Power Prado Power GVE Projects and StarTimes Smart Energy. Ashipa Energy Eauxwell Nigeria Ignite Power Maskh Nigeria Nayo Tropical Resources and Paras Energy have been added […]
