InfraCorp, Nigeria’s Rural Electrification Agency (REA), and Dutch manufacturer Solarge BV announced on Sept. 17 the creation of Solarge Nigeria Limited. The venture will build a solar panel factory with an annual capacity of 1 gigawatt to support Nigeria’s energy transition and industrialization agenda.
InfraCorp will provide financing, while REA will coordinate public programs and has pledged to buy 200 MW of modules annually for five years. Solarge BV will supply technology and industrial know-how. The partners aim to achieve 50% local content in production within three years.
The plant will supply panels for public projects such as the National Public Sector Solarization Initiative (NPSSI) and the Renewed Hope Infrastructure Development Fund (RHIDF), powering schools, hospitals, and government buildings.
Success depends on stable financing, consistent production quality, and sustained demand anchored by government commitments.
This article was initially published in French by Abdoullah Diop
Adapted in English by Ange Jason Quenum
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
World Bank announces $137 million to boost West Africa digital economy Program expands broad...
ECOWAS is proposing a regional digital platform for passengers to file and track complaints online...
A Telecel entrou oficialmente no mercado de telecomunicações do Gana em fevereiro de 2023, ao assumir as operações da Vodafone, então em dificuldades....
DR Congo issues new rules for regulated digital services Framework sets authorization process, five-year renewable permits Operators must...
Côte d’Ivoire raises 110bn CFA francs, meeting full target Investor demand hits 291bn CFA francs, nearly threefold oversubscribed Strong...
Kenya signs deal with China’s Stecol to upgrade Nairobi road Project expands 23.5km route to dual carriageway with interchanges $298.9M China...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...