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Financing Source: Solar Energy Fund
From energypedia
Last edited on 25/07/2023 by Chinwendu Obed
(Date format: DD/MM/YYYY)
Key facts
The Solar Energy Fund is a ₦6 billion Solar Energy Fund (projects up to to ₦350 million, at 9% interest rate per annum, a maximum tenor of 5 years, with a moratorium of up to 12 months, enable various categories of End users to acquire reliable solar solutions. The funds can be accessed directly from BOI or indirectly through Deposit Money Banks (DMBs) or Microfinance Banks (MFBs) by End users or Solar Energy companies.
Type of financing
- Debt
Technology scope
- SHS
- Minigrid
Target beneficiaries
SME, Early-stage
Geographical scope
Sub-Saharan Africa, Latin America
Application
Rolling basis
URL
Further information
