The $300 million Nigeria Distributed Renewable Energy Fund has launched commercially, moving into capital deployment to scale mini-grids and solar systems.
The fund is aimed at expanding reliable and affordable electricity access nationwide, particularly in underserved and off-grid communities.
According to its promoters, NSIA, Africa50 and SEforALL, the initiative is designed as a model for scaling distributed renewable energy investment across Africa.
The fund is expected to accelerate the deployment of clean energy solutions and attract more private sector participation in Nigeria’s renewable energy sector.
Source: https://guardian.ng/