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Firms Partner to Advance Nigeria's Renewable Energy – THISDAYLIVE

Firms Partner to Advance Nigeria's Renewable Energy – THISDAYLIVE
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

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Fed Govt, Arnergy partner to boost solar energy


137 views
The Nation
ARNERGY Solar Limited, an indigenous solar company, has brought foreign investments worth $9 million to boost solar electrification in Nigeria.
Chief Executive Officer, Arnergy Solar Limited, Mr. Femi Adeyemo told reporters that the company had last year brought in equity investors into the country where it raised $9 million, assuring that the company is deploying the funds in power businesses vertically.
According to him, with the funds, Arnergy Solar Limited is targeting to impact 20,000 businesses by year 2024.
Adeyemo made this known at the Solar Home Systems (SHS) Output Based Fund (OBF) grant Agreement signing in Abuja. The OBF agreement is supervised by the Rural Electrification Agency (REA) and funded by the World Bank. ....

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FG Disburses $1.1m Grant to Boost Solar Power in Rural Areas


By James Emejo
The Managing Director/Chief Executive, Rural Electrification Agency (REA), Mr. Ahmad Salihijo, said the agency had disbursed over $1.1 million to 12 solar power companies as part of efforts to boost rural electrification across the country.
This came as the federal government also signed a memorandum of understanding (MoU) on Output Based Fund (OBF) grant with seven private companies for the deployment of Solar Home Systems (SHS) to small businesses and power rural communities cut off from the national grid.
Speaking during the signing ceremony in Abuja, Salihijo, said the objective of the stand-alone SHS component was to help millions of under-served households and Micro Small and Medium Enterprises (MSMEs) access better energy services at lower cost. ....

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