Sustainable Energy for All (SEforALL) has announced the signing of grant agreements with 19 clean energy developers under its Results-Based Financing (RBF) multi-donor fund, the Universal Energy Facility (UEF), Stand-Alone Solar for Productive Use (SSPU) programme, for the deployment of high capacity solar-battery storage systems to businesses and institutions across Nigeria.
These systems are expected to be fully installed and operational before the end of this year.
According to the interim chief executive officer, Global Energy Alliance for People and Planet (GEAPP), Joseph Nganga, the signing of the deal marked a significant step forward in their shared vision for a sustainable future. “By signing these grant agreements, the UEF is truly making a difference by empowering clean energy developers to bring their innovative solutions to life. I’m incredibly proud of the UEF’s work and excited to see the positive impact these projects will have on many lives.
“I am proud of the work we have all done to enable a better environment for the private sector to grow within the energy sector. The companies signing the grant agreements today are a testament to the policies that have been put in place and capacity building efforts made in the past decade to build the sector,” managing director, Rural Electrification Agency (REA) said.
The UEF is a multi-donor results-based finance facility established to significantly speed up and scale up energy access across sub-Saharan Africa and beyond, in line with the SDG7 and the Paris Agreement. The UEF provides incentive payments to eligible organisations deploying energy solutions and providing verified end-user electricity connections, including mini-grids and stand-alone solar systems, and clean cooking solutions based on predetermined standards. The facility is managed by Sustainable Energy for All (SEforALL) and supported by the Global Energy Alliance for People and Planet, Shell Foundation, The Rockefeller Foundation, Bezos Earth Fund, Africa Minigrid Developers Association, Power Africa, Good Energies, UKaid, Carbon Trust, IKEA Foundation, Federal Ministry for Economic Cooperation and Development, Germany (BMZ), and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ).