The Rural Electrification Agency (REA) has completed and commissioned a 100kWp solar mini-grid in Damau, a rural community in Kubau Local Government Area of Kaduna State, marking another milestone in the Federal Government’s drive to expand sustainable energy access and stimulate socio-economic development in underserved communities across Nigeria. The Damau mini-grid, delivered through the Federal…
Okra Solar and InfraCredit have sealed debt financing deal of a mesh-grid project under InfraCredit’s Climate Finance Blending Facility (CFBF). The deal targets no fewer than 25,000 rural Nigerians not connected to the national grid. The world’s largest energy access program Distributed Access through Renewable Energy Scale-up (DARES) provides $750million in grants to renewable energy…
The Nassarawa State Governor, Abdullahi Sule yesterday granted a special tax holiday for Renewable Energy Service Companies (RESCOs) developing mini-grids. He anchored the tax waiver on the benefits accruable to the communities from the investment. “There is a special tax holiday for renewable energy because it is a win-win situation for you and our communities…
An indigenous solar panel manufacturing company, LPV Technologies and the Rural Electrification Agency (REA) have partnered to halt capital flight occasioned by the importation of solar panels. Managing Director, REA, Engr. Abba Aliyu, who spoke during a facility tour of the company’s state-of-the-art solar panel production plant in Lagos, described LPV Technologies as one of…
Managing Director, Rural Electrification Agency (REA), Engr. Abba Aliyu has said the Federal Government has approved the establishment of N500 million Renewable Asset Management Company targeted at raising N1 trillion for intervention in the industry in the absence of loans and grants. He spoke during the signing of a Memorandum of Understanding (MoU) with 10…
