This is a partnership that spans decades with notable achievements across the power sector value chain in line with Nigeria’s goal of energy sustainability and economic development.
The energy transition plan envisions the development, by 2050, of 250 GW of installed electricity capacity, 90% of which will be renewable.
This announcement follows on from this commitment to address the growing demand from domestic and international investors for sustainable investment opportunities across Africa. Drawing on PIDG and Helios’ distinctive blend of private sector development and investment expertise and track record of delivering impact in Africa, CLEAR will fund climate-aligned assets and growth opportunities whilst also contributing towards the achievement of the UN Sustainable Development Goals.
For many countries, a strong recovery from the global pandemic will hinge on reliable access to energy for hospitals, factories and farms to name a few – something that most of us in developed nations take for granted.
Five million Nigerians and counting; millions of small businesses switching off dirty generators; industry, schools, universities and health clinics with stable power – all because they finally have access to affordable, reliable off-grid solar energy. And will continue to, because commercial suppliers and investors have built a long-term market, proving the case for off-grid solar that the government now actively supports.
The Federal Government of Nigeria has launched a ‘Solar Power Naija’ project, a programme focussing on 5 million solar connections for off-grid communities as part of the Economic Sustainability Plan (ESP) in response to the COVID-19 pandemic.
To avoid the worst impacts and help contain the virus worldwide, we must act now to deploy solutions that can provide life-saving energy access to those who need it most.
