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Renewable energy: Westa Solar obtains a $1.5 million loan to finance projects in Nigeria

10/05/2022
Categories: Sectors

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Westa Solar's Regional Director in Nigeria, Kolawole Akinboye, announced the acquisition of a $1.58 million loan to support its ambition to meet Nigeria's energy challenge, providing sustainable solutions. It was during a meeting with journalists, which was held on Tuesday, May 3.

 

 

Developing clean energy projects could solve the situation in Nigeria which still faces electricity problems. The loan from the Austrian Development Bank (OeEB) from the Investment Facility for Afro-Austrian SMEs (AAIF) of the Federal Ministry of Finance will help accelerate the development of solar projects to reduce energy costs and emissions from energy users commercial and industrial in Nigeria.

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