More options for Nigerians as company secure $80 million to provide affordable solar

Sun King, IFC, And Stanbic IBTC Bank Close $80 Million Debt Facility To Expand Solar Access In Nigeria

IFC and Stanbic IBTC Bank, a subsidiary of Standard Bank Group, have structured an $80 million local currency facility to enable off-grid customers to access affordable solar solutions through Sun King in Nigeria. IFC contributed $50 million. The facility will allow Sun King to expand its pay-as-you-go solar financing, improving access to clean, reliable, and affordable electricity for underserved communities. The investment supports the Mission…

IFC and Canadian Govt. Invest $5M in Husk Nigeria to Expand Solar Mini Grids in Northern Communities

The International Finance Corporation (IFC), in partnership with the Canadian Government, has committed $5 million to Husk Nigeria in a bid to scale up the deployment of solar hybrid mini-grids across underserved communities in Northern Nigeria. The investment, announced in Lagos on Thursday, is part of a broader plan to address the country’s deep-rooted energy […] The post IFC and Canadian Govt. Invest $5M in Husk Nigeria to Expand Solar Mini G…

Reactions as Chinese company secures loan to provide off-grid solar power in Nigeria

By Myke Agunwa Sun King, the world’s largest off-grid solar company, has secured financing from a World Bank-backed programme to boost electrification in Nigeria, The Presidency has announced. This development comes a few days after the Federal Executive Council (FEC) meeting, chaired by President Bola Tinubu, initiated a new policy tagged the “Renewed Hope Nigeria First Policy” that places the country at the center of all public procurement and…

More options for Nigerians as company secure $80 million to provide affordable solar

Sun King, in partnership with IFC and Stanbic IBTC Bank, secures an $80 million Naira loan to expand affordable off-grid solar energy access across Nigeria.