Author:The Universal Energy Facility has announced that it will provide grants to renewable energy companies who applied to have their projects financed as part of its Stand-Alone Solar for Productive UseIn a statement signed by Anita Otubu, senior director, UEF, on Wednesday, the facility said the selected grantees would commence building their proposed solar projects.
“Together, they will connect approximately 3,500 businesses, markets, shopping malls, cold-storage facilities, clinics, schools, and other productive uses of energy, which are uses that support economic activity and community infrastructure,” the statement reads. Damilola Ogunbiyi, chief executive officer and special representative of the UN secretary-general for Sustainable Energy for All, was quoted as saying, “With this programme in Nigeria, the Universal Energy Facility will demonstrate the enabling power that sustainable energy can have on local economic development and climate action.
Last year, the federal government launched its energy transition plan showing how the country will achieve universal energy access by 2030 and net-zero emissions by mid-century, as well as the finance required to meet these goals.out of its $10 million annual funding plan for energy transition.
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