Nigeria’s Rural Electrification Agency has partnered with Husk Power Systems for interconnected minigrids and remoted minigrids, rooftop business and industrial (C&I) photo voltaic, productive use of power (PUE) initiatives, equipment gross sales, and financing.
Nigeria’s Rural Electrification Agency (REA) and Husk Power Systems have agreed on a strategic partnership to deploy as much as 250 MW of decentralized renewable power (DRE) tasks to assist authorities power entry, transition to power, and power safety targets. The two companions just lately signed a memorandum of understanding (MoU) for the initiative.
The partnership will concentrate on a wide range of rural and peri-urban DRE tasks, together with energy era and distribution (each inter-connected minigrids and remoted minigrids), rooftop C&I photo voltaic, PUE initiatives, equipment gross sales, and financing.
The tasks will assist the launch of the $750 million Distributed Access by way of Renewable Energy Scale-up (DARES) challenge, funded by the World Bank and managed by REA. DARES is predicted to be launched later this 12 months.
Besides constructing new clear power infrastructure to impress unserved and underserved communities, the settlement additionally outlines collaboration on new fashions akin to digital energy vegetation (VPPs) and value-added communities. providers akin to e-mobility, agricultural processing, chilly storage, and clear cooking.
REA and Husk Power Systems may also work collectively to allow the mass adoption of power environment friendly home equipment and PUE gadgets by way of gross sales, distribution, and credit score financing.
Husk Power Systems has been in Nigeria since 2020, and has efficiently offered dependable, clear electrical energy to households, micro-, small- and medium-sized enterprises (MSMEs) and factories, in addition to well being clinics, faculties, market, and public. establishments. As a part of the Africa Sunshot initiative, introduced in 2023, Husk Power Systems targets to deploy 1,000 minigrids in Nigeria and one other 1,500 in different components of Sub-Saharan Africa.
REA is a federal company in Nigeria underneath the Ministry of Power, with the mandate to appreciate the nationwide ambition to attain common entry. The company pursues this mission by way of a mixture of public and mobilized funding from companions and the non-public sector to supply clear and sustainable power entry to underserved and underserved Nigerians. communities.
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