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Access to electricity: REA and EM-ONE sign a memorandum of understanding

27/05/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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Dans le but de développer et déployer des projets d' énergie renouvelable d' une puissance globale de 350 MW across Nigeria, the Nigeria Rural Electrification Agency (REA) and EM-ONE Energy Solutions have signed a memorandum of understanding.

The deployment of off-grid solar in Nigeria allows millions of people cut off from the public grid to have access to electricity and supports the government's carbon neutrality goals by 2060. Through this partnership, EM-ONE will deploy renewable energy capacity of up to 200 MW on commercial and industrial sites and up to 150 MW for the electrification of health institutions. The partnership will be supported by the USD 750 million DARES project, recently approved by the Nigerian government and funded by the World Bank style="font-family: "Bookman Old Style”, "serif">. DARES, which is expected to be launched this year under the administration of the REA, aims to provide over 17.5 million Nigerians with new or improved access to electricity

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