Nigeria’s Rural Electrification Company is partnering with Husk Energy Techniques for interconnected minigrids and remoted minigrids, rooftop industrial and industrial (C&I) photo voltaic, productive use of vitality (PUE) initiatives, equipment gross sales, and financing.
The Rural Electrification Company (REA) of Nigeria and Husk Energy Techniques have agreed on a strategic partnership to deploy as much as 250 MW of decentralized renewable vitality (DRE) tasks in assist of the federal government’s vitality entry, vitality transition, and vitality safety targets. The 2 companions lately signed a memorandum of understanding (MoU) for the initiative.
The partnership will deal with a variety of rural and peri-urban DRE tasks, together with energy technology 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 rollout of the $750 million Distributed Entry by Renewable Vitality Scale-up (DARES) venture, which is funded by the World Financial institution and administered by REA. DARES is anticipated to launch later this yr.
Except for constructing new clear vitality infrastructure to impress unserved and underserved communities, the settlement additionally outlines collaboration on revolutionary new fashions corresponding to digital energy vegetation (VPPs) and value-added neighborhood providers corresponding to e-mobility, agricultural processing, chilly storage, and clear cooking.
The REA and Husk Energy Techniques may also work collectively to allow the mass adoption of vitality environment friendly home equipment and PUE gadgets by gross sales, distribution, and credit score financing.
Husk Energy Techniques has been current in Nigeria since 2020, and has efficiently delivered dependable, clear electrical energy to households, micro-, small- and medium-sized enterprises (MSMEs) and factories, in addition to well being clinics, colleges, markets, and public establishments. As a part of its Africa Sunshot initiative, which was introduced in 2023, Husk Energy Techniques targets to deploy 1,000 minigrids in Nigeria and one other 1,500 in different components of Sub-Saharan Africa.
The REA is a federal company of Nigeria below the Ministry of Energy, with the mandate to actualize the nationwide ambition to realize common entry. The company pursues this mission by a mix of public and mobilized funding from companions and the personal sector to offer clear and sustainable vitality entry to Nigerians in underserved and unserved communities.
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