10 April 2019 | ElectriFI, the European Union’s impact investment facility for sustainable energy, has just announced the launch of a new Country Window for Nigeria. EU-Ambassador to Nigeria, Ketil Karlsen, took the stage during this year’s Nigeria Energy Forum to proclaim the news: €30 million for business and project developers working to increase energy access from sustainable energy sources. In his words, “the EU is here to partner with the Nigerians for the long term.”
Nigeria’s energy sector shows great potential. This has become evident during the conference in Lagos where over 200 participants gathered to discuss key energy challenges. The 4th Nigeria Energy Forum offered a broad platform for policymakers, business leaders, energy innovators, professional engineers, industry experts and academics. In wide-ranging discussions, they covered issues such as energy access, innovations in the market, and capacity building opportunities. GET.invest, represented by Ilham Talab, introduced the audience to its new programme and the how it mobilises renewable energy investments.
In what must have been one of the highlights of the conference, Quentin Antoine of ElectriFI talked about the Country Window for Nigeria. ElectriFI’s Country Windows are dedicated funds for renewable energy projects. The projects must lead to new and improved connections for populations living principally in rural, under-served or unreliably-served areas. With €30 million this particular fund is one of ElectriFI’s largest and a great opportunity for business and project developers. Other financiers will equally benefit, as ElectriFI’s guiding principles are additionality and neutrality. They can hence hope for a de-risiking of Nigeria’s energy market. For more information about this and other funds, visit GET.invest’s Funding Database.