Bridging energy deficit, universal energy facility launched grants for solar projects in Lagos | The Guardian Nigeria News - Nigeria and World News

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The Universal Energy Facility (UEF) – a results-based financing facility managed by Sustainable Energy for All yesterday signed an agreement with the renewable energy companies that applied to have their projects financed as part of the facility’s Stand-alone Solar...

Managing Director, Rural Electrification Agency , Mr. Ahmad Salihijo; Executive Director Cloud Energy Photoelectric Limited, Mrs. Chioma Nweke; CEO/Special Representative of the UN Secretary-General for Sustainable Energy , Ms. Damilola Ogunbiyi; Grantee/Managing Director, Cloud Energy Photoelectric Limited, Mr. Theophilus Nweke; Hon. Commissioner for Energy and Natural Resources, Lagos State, Mr. Olalere Odusote and Senior Director, Universal Energy Facility, , Ms.

These projects will span most states in Nigeria and be completed within the next 12 months. 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.

Last year, the Government of Nigeria 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. The UEF is contributing to the plan’s finance targets for the power sector by providing grants that companies can leverage to attract additional finance for clean energy.

The Stand-alone Solar for Productive Use programme in Nigeria opened for applications in August 2022 and received expressions of interest from hundreds of energy developers.

 

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Why not a factory of that solar panel. maybe I am ignorant but I don’t think fund is the problem.

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