Financing Source: Distributed Access to Renewable Energy Scale-up Project (DARES)
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Last edited on 15/11/2024 by Abel Gaiya
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Key facts
The $750 million DARES facility is funded by the World Bank and implemented by the Rural Electrification Agency (REA) to provide technical assistance to Renewable Energy Service Companies (RESCOs) and supply-side subsidies for Solar Home Systems (SHS), mesh-grids and isolated and interconnected mini-grids to enable 17.5 million Nigerians to access electricity. Subsidies are paid in USD. Subsidy value depends on sites' Supply-Side Subsidy Index (for SHS) & site viability scoring (for mini grids).
Type of financing
- Grant
Technology scope
- SHS
- Minigrid
- Other
Target beneficiaries
Solar Home Systems (SHS) companies, mesh grid companies and mini-grid companies.
Geographical scope
Nigeria
Application
Application window
URL
Further information
