FCMB and partners support a $188 million solar investment initiative

4 months ago 45
ARTICLE AD BOX

A new financing platform for renewable energy, aimed at attracting large‑scale private investment into Nigeria’s distributed power sector, has been launched. The promoters plan to raise $188 million to fund solar infrastructure projects across the country.

The Green Finance Investment Facility, coordinated by Barton Heyman Limited together with the Rural Electrification Agency, UK PACT, First City Monument Bank and ARM Harith Infrastructure Investment Limited, seeks to finance 191 MW of distributed solar capacity for households, communities and businesses nationwide.

According

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