$200 M deal for renewable mini-grids expansion in Nigeria
Nigeria signs $200 M deal with WeLight for renewable mini-grids expansion across the country.
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Nigeria, Lagos: The Nigerian government has signed a $200 M agreement with WeLight, a pan-African Distributed Renewable Energy (DRE) company, to deploy hundreds of renewable mini-grids across the country.
The initiative aims to provide reliable electricity to millions of people in rural communities and peri-urban areas.
Nigeria, the most populous country in Africa, is working to boost renewable energy’s share in its electricity mix from 22 % to 50 %. This agreement is a significant step in attracting private investment to accelerate the country’s clean energy transition.
With support from international financial institutions, the project will establish 400 mini-grids and 50 MetroGrids in underserved areas, improving electricity access for up to 2 million people and stimulating local economies.
WeLight, backed by global firms like Axian Group, Sagemcom, and Norfund, signed a Memorandum of Understanding with Nigeria’s Rural Electrification Agency (REA) on March 10. REA leads efforts to expand electricity access to millions of Nigerians without grid connections.
The initiative aligns with Nigeria’s broader push to expand renewable energy and improve power access, especially in rural areas that have long faced unreliable electricity supply.
Source: Reuters
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