#solar energy

d.light has achieved a cumulative purchasing capacity of Sh130 billion following the closure of a Sh6.5 billion public Green Bond by African Frontier Capital. This marks a significant milestone as it is the first instance where the off-grid solar sector has utilized public bond markets through a PAYGo receivables securitization structure. The bond is set to be listed on the London Stock Exchange’s International Securities Market.

Minister of Power, Joseph Tegbe, has praised the Rural Electrification Agency (REA) for its projects, stating they are significantly improving the lives of Nigerians. This commendation coincides with the commissioning of a 505kWp interconnected solar mini-grid in Epe.

The Federal Government has launched a 505kW solar mini-grid in Epe, Lagos, with plans for an additional 5MW expansion aimed at enhancing electricity access and supporting economic growth.

According to Punch, Nigeria has become a leading exporter of solar modules to the United States, responding to new trade regulations aimed at China. This development highlights Nigeria's growing role in the global clean energy market.

WeLight, Africa’s largest solar mini-grid operator, has secured $31 million to support its expansion efforts in Nigeria. The funding aims to enhance electricity access in some of the continent's most underserved communities.

In South Africa, 47% of the population faces energy poverty, spending a significant portion of their income on inadequate electricity. The situation is worsening due to the growth of informal settlements, exacerbated by the Covid-19 pandemic. A study focused on the Qandu Qandu settlement examines the impact of a basic solar grant on providing cheaper electricity, raising questions about the viability of solar mini-grids as a solution for those leaving the traditional electricity network.