• OFF-GRID INVESTMENT OPPORTUNITY
    The goal of the Solar Home System component of the NEP is to help 1.5 million Nigerian households and micro, small and medium enterprises (MSMEs) access better, yet affordable energy services via stand-alone solar home systems provided by the private sector. In addition, 1 million single solar lanterns are expected to be distributed during the course of the project.

Component 1: Accelerator Grants

  • Up-front grants will be provided to the strongest and most capable SHS providers
  • Pre-qualification is based on evidence that the applicant has ready-to-go capabilities for scaling rapidly
  • Grants will crowd-in large-scale additional private sector investment and provide liquidity for working capital
  • Grants will be disbursed in lump sums based on milestones outlined in grant proposal
  • Prospective Market Players

Component 2: Output Based Grants

  • Pre-qualification is based on business capabilities and SHS technical standards
  • Focus will be primarily on strong new entrants and Nigerian start-ups
  • Grants are set at 15-20% of the nominal retail price and paid in tranches on verified product installations
  • Grant support under this component is business model neutral

Access to data

The REA energy database also includes potential sites that have been identified as being viable for solar home systems. The data provided includes specific details on each community which potential solar home system. Companies can assess, to determine if their products will meet the requirements of the selected communities.