Nigeria secures $155m clean energy deals — REA



Nigeriarecently secured clean energy investments worth $155m as the Rural Electrification Agency intensified efforts to position the country as Africa’s renewable energy hub and a centre for knowledge sharing across the continent.The Managing Director of the REA, Abba Aliyu, disclosed this in a statement on Friday, saying the investments underscore growing international confidence in Nigeria’s off-grid electricity market.According to him, the country recently secured an $80m debt facility dedicated to expanding off-grid solar home systems and business power solutions, while UK-backed clean energy company MOPO signed a $75m agreement with the REA to deploy a smart battery programme.Aliyu said the investments followed reforms in the electricity sector that had made Nigeria increasingly attractive to global clean energy investors.He said, “The recently published Sub-Saharan Africa Clean Energy Market Outlook 2026 by BloombergNEF highlights Nigeria as the continent’s largest and fastest-growing market for distributed solar and small-scale renewable energy, having attracted a $80m debt facility dedicated to expanding off-grid solar home systems and business power solutions across Nigeria.“Similarly, UK-backed clean energy company MOPO signed a $75m deal aimed at deploying a new smart battery programme under a strategic partnership with the Rural Electrification Agency.”He added that another international operator, WeLight, had also announced plans to enter Nigeria’s off-grid electricity market.Related News16 million Nigerians to face hunger crisis by January 2027 – Report‘Kano digital market to generate 100,000 jobs’Legend Hotel unveils Herbert Wigwe Auditorium“WeLight, the operator of nearly 190 mini-grids across Madagascar and Mali, serving more than 800,000 people, has also announced plans to invest in Nigeria’s off-grid market.“These massive capital injections demonstrate that international financial institutions and global developers no longer view Nigeria as a risky bet, but as the most viable and scalable off-grid energy market on the continent,” he stated.Aside from attracting investments, Aliyu said Nigeria was emerging as a continental centre for renewable energy collaboration, with several African countries seeking to understudy the country’s rural electrification model.He said the REA had hosted delegations from Mozambique and the Zanzibar Utilities Regulatory Authority, with another delegation from Sierra Leone expected next week.“Hosting a delegation from the Zanzibar Utilities Regulatory Authority reaffirmed just how far we have come, proving that beyond executing landmark projects within our borders, REA is maturing into a continental nexus where the future of African energy is actively being shaped.“Our sessions with ZURA were rooted in total transparency, exploring not only our successes, but the complex operational hurdles, policy adjustments, and sustainability lessons we have gathered while scaling off-grid renewables. From capital mobilization and grid stability to system operations and local implementation, one truth stood out, Africa will achieve universal energy access far faster through radical collaboration than by working in silos,” he stated.Aliyu added that the latest feats are just the beginning of new things. He said with an incoming delegation from Sierra Leone next week, and several more exchange missions queued behind them, “we are witnessing a defining moment where African nations choose shared progress over isolated effort. Because when one of us succeeds, the entire continent moves forward”. The Managing Director of the REA, Abba Aliyu, disclosed this in a statement on Friday, saying the investments underscore growing international confidence in Nigeria’s off-grid electricity market.According to him, the country recently secured an $80m debt facility dedicated to expanding off-grid solar home systems and business power solutions, while UK-backed clean energy company MOPO signed a $75m agreement with the REA to deploy a smart battery programme.Aliyu said the investments followed reforms in the electricity sector that had made Nigeria increasingly attractive to global clean energy investors.He said, “The recently published Sub-Saharan Africa Clean Energy Market Outlook 2026 by BloombergNEF highlights Nigeria as the continent’s largest and fastest-growing market for distributed solar and small-scale renewable energy, having attracted a $80m debt facility dedicated to expanding off-grid solar home systems and business power solutions across Nigeria.“Similarly, UK-backed clean energy company MOPO signed a $75m deal aimed at deploying a new smart battery programme under a strategic partnership with the Rural Electrification Agency.”He added that another international operator, WeLight, had also announced plans to enter Nigeria’s off-grid electricity market.Related News16 million Nigerians to face hunger crisis by January 2027 – Report‘Kano digital market to generate 100,000 jobs’Legend Hotel unveils Herbert Wigwe Auditorium“WeLight, the operator of nearly 190 mini-grids across Madagascar and Mali, serving more than 800,000 people, has also announced plans to invest in Nigeria’s off-grid market.“These massive capital injections demonstrate that international financial institutions and global developers no longer view Nigeria as a risky bet, but as the most viable and scalable off-grid energy market on the continent,” he stated.Aside from attracting investments, Aliyu said Nigeria was emerging as a continental centre for renewable energy collaboration, with several African countries seeking to understudy the country’s rural electrification model.He said the REA had hosted delegations from Mozambique and the Zanzibar Utilities Regulatory Authority, with another delegation from Sierra Leone expected next week.“Hosting a delegation from the Zanzibar Utilities Regulatory Authority reaffirmed just how far we have come, proving that beyond executing landmark projects within our borders, REA is maturing into a continental nexus where the future of African energy is actively being shaped.“Our sessions with ZURA were rooted in total transparency, exploring not only our successes, but the complex operational hurdles, policy adjustments, and sustainability lessons we have gathered while scaling off-grid renewables. From capital mobilization and grid stability to system operations and local implementation, one truth stood out, Africa will achieve universal energy access far faster through radical collaboration than by working in silos,” he stated.Aliyu added that the latest feats are just the beginning of new things. He said with an incoming delegation from Sierra Leone next week, and several more exchange missions queued behind them, “we are witnessing a defining moment where African nations choose shared progress over isolated effort. Because when one of us succeeds, the entire continent moves forward”. According to him, the country recently secured an $80m debt facility dedicated to expanding off-grid solar home systems and business power solutions, while UK-backed clean energy company MOPO signed a $75m agreement with the REA to deploy a smart battery programme.Aliyu said the investments followed reforms in the electricity sector that had made Nigeria increasingly attractive to global clean energy investors.He said, “The recently published Sub-Saharan Africa Clean Energy Market Outlook 2026 by BloombergNEF highlights Nigeria as the continent’s largest and fastest-growing market for distributed solar and small-scale renewable energy, having attracted a $80m debt facility dedicated to expanding off-grid solar home systems and business power solutions across Nigeria.“Similarly, UK-backed clean energy company MOPO signed a $75m deal aimed at deploying a new smart battery programme under a strategic partnership with the Rural Electrification Agency.”He added that another international operator, WeLight, had also announced plans to enter Nigeria’s off-grid electricity market.Related News16 million Nigerians to face hunger crisis by January 2027 – Report‘Kano digital market to generate 100,000 jobs’Legend Hotel unveils Herbert Wigwe Auditorium“WeLight, the operator of nearly 190 mini-grids across Madagascar and Mali, serving more than 800,000 people, has also announced plans to invest in Nigeria’s off-grid market.“These massive capital injections demonstrate that international financial institutions and global developers no longer view Nigeria as a risky bet, but as the most viable and scalable off-grid energy market on the continent,” he stated.Aside from attracting investments, Aliyu said Nigeria was emerging as a continental centre for renewable energy collaboration, with several African countries seeking to understudy the country’s rural electrification model.He said the REA had hosted delegations from Mozambique and the Zanzibar Utilities Regulatory Authority, with another delegation from Sierra Leone expected next week.“Hosting a delegation from the Zanzibar Utilities Regulatory Authority reaffirmed just how far we have come, proving that beyond executing landmark projects within our borders, REA is maturing into a continental nexus where the future of African energy is actively being shaped.“Our sessions with ZURA were rooted in total transparency, exploring not only our successes, but the complex operational hurdles, policy adjustments, and sustainability lessons we have gathered while scaling off-grid renewables. From capital mobilization and grid stability to system operations and local implementation, one truth stood out, Africa will achieve universal energy access far faster through radical collaboration than by working in silos,” he stated.Aliyu added that the latest feats are just the beginning of new things. He said with an incoming delegation from Sierra Leone next week, and several more exchange missions queued behind them, “we are witnessing a defining moment where African nations choose shared progress over isolated effort. Because when one of us succeeds, the entire continent moves forward”. Aliyu said the investments followed reforms in the electricity sector that had made Nigeria increasingly attractive to global clean energy investors.He said, “The recently published Sub-Saharan Africa Clean Energy Market Outlook 2026 by BloombergNEF highlights Nigeria as the continent’s largest and fastest-growing market for distributed solar and small-scale renewable energy, having attracted a $80m debt facility dedicated to expanding off-grid solar home systems and business power solutions across Nigeria.“Similarly, UK-backed clean energy company MOPO signed a $75m deal aimed at deploying a new smart battery programme under a strategic partnership with the Rural Electrification Agency.”He added that another international operator, WeLight, had also announced plans to enter Nigeria’s off-grid electricity market.Related News16 million Nigerians to face hunger crisis by January 2027 – Report‘Kano digital market to generate 100,000 jobs’Legend Hotel unveils Herbert Wigwe Auditorium“WeLight, the operator of nearly 190 mini-grids across Madagascar and Mali, serving more than 800,000 people, has also announced plans to invest in Nigeria’s off-grid market.“These massive capital injections demonstrate that international financial institutions and global developers no longer view Nigeria as a risky bet, but as the most viable and scalable off-grid energy market on the continent,” he stated.Aside from attracting investments, Aliyu said Nigeria was emerging as a continental centre for renewable energy collaboration, with several African countries seeking to understudy the country’s rural electrification model.He said the REA had hosted delegations from Mozambique and the Zanzibar Utilities Regulatory Authority, with another delegation from Sierra Leone expected next week.“Hosting a delegation from the Zanzibar Utilities Regulatory Authority reaffirmed just how far we have come, proving that beyond executing landmark projects within our borders, REA is maturing into a continental nexus where the future of African energy is actively being shaped.“Our sessions with ZURA were rooted in total transparency, exploring not only our successes, but the complex operational hurdles, policy adjustments, and sustainability lessons we have gathered while scaling off-grid renewables. From capital mobilization and grid stability to system operations and local implementation, one truth stood out, Africa will achieve universal energy access far faster through radical collaboration than by working in silos,” he stated.Aliyu added that the latest feats are just the beginning of new things. He said with an incoming delegation from Sierra Leone next week, and several more exchange missions queued behind them, “we are witnessing a defining moment where African nations choose shared progress over isolated effort. Because when one of us succeeds, the entire continent moves forward”. He said, “The recently published Sub-Saharan Africa Clean Energy Market Outlook 2026 by BloombergNEF highlights Nigeria as the continent’s largest and fastest-growing market for distributed solar and small-scale renewable energy, having attracted a $80m debt facility dedicated to expanding off-grid solar home systems and business power solutions across Nigeria.“Similarly, UK-backed clean energy company MOPO signed a $75m deal aimed at deploying a new smart battery programme under a strategic partnership with the Rural Electrification Agency.”He added that another international operator, WeLight, had also announced plans to enter Nigeria’s off-grid electricity market.Related News16 million Nigerians to face hunger crisis by January 2027 – Report‘Kano digital market to generate 100,000 jobs’Legend Hotel unveils Herbert Wigwe Auditorium“WeLight, the operator of nearly 190 mini-grids across Madagascar and Mali, serving more than 800,000 people, has also announced plans to invest in Nigeria’s off-grid market.“These massive capital injections demonstrate that international financial institutions and global developers no longer view Nigeria as a risky bet, but as the most viable and scalable off-grid energy market on the continent,” he stated.Aside from attracting investments, Aliyu said Nigeria was emerging as a continental centre for renewable energy collaboration, with several African countries seeking to understudy the country’s rural electrification model.He said the REA had hosted delegations from Mozambique and the Zanzibar Utilities Regulatory Authority, with another delegation from Sierra Leone expected next week.“Hosting a delegation from the Zanzibar Utilities Regulatory Authority reaffirmed just how far we have come, proving that beyond executing landmark projects within our borders, REA is maturing into a continental nexus where the future of African energy is actively being shaped.“Our sessions with ZURA were rooted in total transparency, exploring not only our successes, but the complex operational hurdles, policy adjustments, and sustainability lessons we have gathered while scaling off-grid renewables. From capital mobilization and grid stability to system operations and local implementation, one truth stood out, Africa will achieve universal energy access far faster through radical collaboration than by working in silos,” he stated.Aliyu added that the latest feats are just the beginning of new things. He said with an incoming delegation from Sierra Leone next week, and several more exchange missions queued behind them, “we are witnessing a defining moment where African nations choose shared progress over isolated effort. Because when one of us succeeds, the entire continent moves forward”. “Similarly, UK-backed clean energy company MOPO signed a $75m deal aimed at deploying a new smart battery programme under a strategic partnership with the Rural Electrification Agency.”He added that another international operator, WeLight, had also announced plans to enter Nigeria’s off-grid electricity market.Related News16 million Nigerians to face hunger crisis by January 2027 – Report‘Kano digital market to generate 100,000 jobs’Legend Hotel unveils Herbert Wigwe Auditorium“WeLight, the operator of nearly 190 mini-grids across Madagascar and Mali, serving more than 800,000 people, has also announced plans to invest in Nigeria’s off-grid market.“These massive capital injections demonstrate that international financial institutions and global developers no longer view Nigeria as a risky bet, but as the most viable and scalable off-grid energy market on the continent,” he stated.Aside from attracting investments, Aliyu said Nigeria was emerging as a continental centre for renewable energy collaboration, with several African countries seeking to understudy the country’s rural electrification model.He said the REA had hosted delegations from Mozambique and the Zanzibar Utilities Regulatory Authority, with another delegation from Sierra Leone expected next week.“Hosting a delegation from the Zanzibar Utilities Regulatory Authority reaffirmed just how far we have come, proving that beyond executing landmark projects within our borders, REA is maturing into a continental nexus where the future of African energy is actively being shaped.“Our sessions with ZURA were rooted in total transparency, exploring not only our successes, but the complex operational hurdles, policy adjustments, and sustainability lessons we have gathered while scaling off-grid renewables. From capital mobilization and grid stability to system operations and local implementation, one truth stood out, Africa will achieve universal energy access far faster through radical collaboration than by working in silos,” he stated.Aliyu added that the latest feats are just the beginning of new things. He said with an incoming delegation from Sierra Leone next week, and several more exchange missions queued behind them, “we are witnessing a defining moment where African nations choose shared progress over isolated effort. Because when one of us succeeds, the entire continent moves forward”. He added that another international operator, WeLight, had also announced plans to enter Nigeria’s off-grid electricity market.Related News16 million Nigerians to face hunger crisis by January 2027 – Report‘Kano digital market to generate 100,000 jobs’Legend Hotel unveils Herbert Wigwe Auditorium“WeLight, the operator of nearly 190 mini-grids across Madagascar and Mali, serving more than 800,000 people, has also announced plans to invest in Nigeria’s off-grid market.“These massive capital injections demonstrate that international financial institutions and global developers no longer view Nigeria as a risky bet, but as the most viable and scalable off-grid energy market on the continent,” he stated.Aside from attracting investments, Aliyu said Nigeria was emerging as a continental centre for renewable energy collaboration, with several African countries seeking to understudy the country’s rural electrification model.He said the REA had hosted delegations from Mozambique and the Zanzibar Utilities Regulatory Authority, with another delegation from Sierra Leone expected next week.“Hosting a delegation from the Zanzibar Utilities Regulatory Authority reaffirmed just how far we have come, proving that beyond executing landmark projects within our borders, REA is maturing into a continental nexus where the future of African energy is actively being shaped.“Our sessions with ZURA were rooted in total transparency, exploring not only our successes, but the complex operational hurdles, policy adjustments, and sustainability lessons we have gathered while scaling off-grid renewables. From capital mobilization and grid stability to system operations and local implementation, one truth stood out, Africa will achieve universal energy access far faster through radical collaboration than by working in silos,” he stated.Aliyu added that the latest feats are just the beginning of new things. He said with an incoming delegation from Sierra Leone next week, and several more exchange missions queued behind them, “we are witnessing a defining moment where African nations choose shared progress over isolated effort. Because when one of us succeeds, the entire continent moves forward”. “WeLight, the operator of nearly 190 mini-grids across Madagascar and Mali, serving more than 800,000 people, has also announced plans to invest in Nigeria’s off-grid market.“These massive capital injections demonstrate that international financial institutions and global developers no longer view Nigeria as a risky bet, but as the most viable and scalable off-grid energy market on the continent,” he stated.Aside from attracting investments, Aliyu said Nigeria was emerging as a continental centre for renewable energy collaboration, with several African countries seeking to understudy the country’s rural electrification model.He said the REA had hosted delegations from Mozambique and the Zanzibar Utilities Regulatory Authority, with another delegation from Sierra Leone expected next week.“Hosting a delegation from the Zanzibar Utilities Regulatory Authority reaffirmed just how far we have come, proving that beyond executing landmark projects within our borders, REA is maturing into a continental nexus where the future of African energy is actively being shaped.“Our sessions with ZURA were rooted in total transparency, exploring not only our successes, but the complex operational hurdles, policy adjustments, and sustainability lessons we have gathered while scaling off-grid renewables. From capital mobilization and grid stability to system operations and local implementation, one truth stood out, Africa will achieve universal energy access far faster through radical collaboration than by working in silos,” he stated.Aliyu added that the latest feats are just the beginning of new things. He said with an incoming delegation from Sierra Leone next week, and several more exchange missions queued behind them, “we are witnessing a defining moment where African nations choose shared progress over isolated effort. Because when one of us succeeds, the entire continent moves forward”. “These massive capital injections demonstrate that international financial institutions and global developers no longer view Nigeria as a risky bet, but as the most viable and scalable off-grid energy market on the continent,” he stated.Aside from attracting investments, Aliyu said Nigeria was emerging as a continental centre for renewable energy collaboration, with several African countries seeking to understudy the country’s rural electrification model.He said the REA had hosted delegations from Mozambique and the Zanzibar Utilities Regulatory Authority, with another delegation from Sierra Leone expected next week.“Hosting a delegation from the Zanzibar Utilities Regulatory Authority reaffirmed just how far we have come, proving that beyond executing landmark projects within our borders, REA is maturing into a continental nexus where the future of African energy is actively being shaped.“Our sessions with ZURA were rooted in total transparency, exploring not only our successes, but the complex operational hurdles, policy adjustments, and sustainability lessons we have gathered while scaling off-grid renewables. From capital mobilization and grid stability to system operations and local implementation, one truth stood out, Africa will achieve universal energy access far faster through radical collaboration than by working in silos,” he stated.Aliyu added that the latest feats are just the beginning of new things. He said with an incoming delegation from Sierra Leone next week, and several more exchange missions queued behind them, “we are witnessing a defining moment where African nations choose shared progress over isolated effort. Because when one of us succeeds, the entire continent moves forward”. Aside from attracting investments, Aliyu said Nigeria was emerging as a continental centre for renewable energy collaboration, with several African countries seeking to understudy the country’s rural electrification model.He said the REA had hosted delegations from Mozambique and the Zanzibar Utilities Regulatory Authority, with another delegation from Sierra Leone expected next week.“Hosting a delegation from the Zanzibar Utilities Regulatory Authority reaffirmed just how far we have come, proving that beyond executing landmark projects within our borders, REA is maturing into a continental nexus where the future of African energy is actively being shaped.“Our sessions with ZURA were rooted in total transparency, exploring not only our successes, but the complex operational hurdles, policy adjustments, and sustainability lessons we have gathered while scaling off-grid renewables. From capital mobilization and grid stability to system operations and local implementation, one truth stood out, Africa will achieve universal energy access far faster through radical collaboration than by working in silos,” he stated.Aliyu added that the latest feats are just the beginning of new things. He said with an incoming delegation from Sierra Leone next week, and several more exchange missions queued behind them, “we are witnessing a defining moment where African nations choose shared progress over isolated effort. Because when one of us succeeds, the entire continent moves forward”. He said the REA had hosted delegations from Mozambique and the Zanzibar Utilities Regulatory Authority, with another delegation from Sierra Leone expected next week.“Hosting a delegation from the Zanzibar Utilities Regulatory Authority reaffirmed just how far we have come, proving that beyond executing landmark projects within our borders, REA is maturing into a continental nexus where the future of African energy is actively being shaped.“Our sessions with ZURA were rooted in total transparency, exploring not only our successes, but the complex operational hurdles, policy adjustments, and sustainability lessons we have gathered while scaling off-grid renewables. From capital mobilization and grid stability to system operations and local implementation, one truth stood out, Africa will achieve universal energy access far faster through radical collaboration than by working in silos,” he stated.Aliyu added that the latest feats are just the beginning of new things. He said with an incoming delegation from Sierra Leone next week, and several more exchange missions queued behind them, “we are witnessing a defining moment where African nations choose shared progress over isolated effort. Because when one of us succeeds, the entire continent moves forward”. “Hosting a delegation from the Zanzibar Utilities Regulatory Authority reaffirmed just how far we have come, proving that beyond executing landmark projects within our borders, REA is maturing into a continental nexus where the future of African energy is actively being shaped.“Our sessions with ZURA were rooted in total transparency, exploring not only our successes, but the complex operational hurdles, policy adjustments, and sustainability lessons we have gathered while scaling off-grid renewables. From capital mobilization and grid stability to system operations and local implementation, one truth stood out, Africa will achieve universal energy access far faster through radical collaboration than by working in silos,” he stated.Aliyu added that the latest feats are just the beginning of new things. He said with an incoming delegation from Sierra Leone next week, and several more exchange missions queued behind them, “we are witnessing a defining moment where African nations choose shared progress over isolated effort. Because when one of us succeeds, the entire continent moves forward”. “Our sessions with ZURA were rooted in total transparency, exploring not only our successes, but the complex operational hurdles, policy adjustments, and sustainability lessons we have gathered while scaling off-grid renewables. From capital mobilization and grid stability to system operations and local implementation, one truth stood out, Africa will achieve universal energy access far faster through radical collaboration than by working in silos,” he stated.Aliyu added that the latest feats are just the beginning of new things. He said with an incoming delegation from Sierra Leone next week, and several more exchange missions queued behind them, “we are witnessing a defining moment where African nations choose shared progress over isolated effort. Because when one of us succeeds, the entire continent moves forward”. Aliyu added that the latest feats are just the beginning of new things. He said with an incoming delegation from Sierra Leone next week, and several more exchange missions queued behind them, “we are witnessing a defining moment where African nations choose shared progress over isolated effort. Because when one of us succeeds, the entire continent moves forward”.