Universal Energy Facility (UEF) signs grant agreements with 19 clean energy developers

SUSTAINABLE Energy for All , yesterday, announced the signing of grant agreements with 19 clean energy developers under its Results-Based Financing multi-donor fund, the Universal Energy FacilitySUSTAINABLE Energy for All , yesterday, announced the signing of grant agreements with 19 clean energy developers under its Results-Based Financing multi-donor fund, the Universal Energy Facility , Stand-Alone Solar for Productive Use programme, for the deployment of high capacity solar+battery storage...

This significant expansion builds upon the success of the UEF’s initial launch of the SSPU programme in February 2023, when 10 developers received grants to deploy SSPU units in underserved or unserved communities. So far, over 1,600 systems have been installed, serving over 1,200 businesses and institutions such as health and educational facilities.

“In combination with innovative financing solutions, such as those we are discussing today through the Universal Energy Facility among other, the DARES project will scale up productive use and clean energy to not only communities but also to Micro, Small and Medium enterprises that form the backbone of Nigeria’s economy” said Shubham Chaudhuri, Country Director, World Bank, Nigeria.

Ruth sees a bright future with the SSPU system. The reliable power not only improves her service quality but also opens doors for business expansion, previously hindered by power issues. Her story exemplifies the UEF’s success in empowering small business owners like Ruth with sustainable energy, bringing positive change to both their professional and personal lives.

President Bola Tinubu has said a brighter future awaits Nigerian children with his signing into law the Student Loans Re-enactment Bill. Tinubu spoke on Wednesday night when he hosted members of the APC Presidential Campaign Council...

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