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The Rural Electrification Agency (REA) has awarded grants for 11 solar PV mini-grids. Technical and financial support is being provided by the European Union and German government through the Nigerian Energy Support Programme.

Nigeria
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Announcements of big funding commitments and project completions in the last three months point to the commercial and industrial market continuing to grow at a rapid pace, particularly in sub-Saharan Africa’s larger economies.

Kenya | Nigeria | South Africa
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Nairobi-based Camco Clean Energy’s new specialised finance company Spark Energy Services is looking to fund solar PV and wind plants, plus energy efficiency initiatives for commercial and industrial (C&I) developers. Spark’s ‘impact-led’ approach intends to enable local developers in sub-Saharan markets to build scale and their balance sheets, in turn creating sustainable C&I businesses

Kenya | Ghana | Nigeria | Uganda | South Africa
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The InfraCredit credit enhancement facility, sponsored by Nigeria Sovereign Investment Authority (NSIA) and the UK’s GuarantCo, has announced that it will partner with the British government on a £10m ($13.6m) programme to spur investment in off-grid renewable energy projects.

Nigeria
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The African Development Bank (AfDB) has approved a commitment of up to $165m for the Leveraging Energy Access Finance Framework (Leaf) programme, which promotes solar home systems, green mini-grids and solar PV systems for commercial and industrial offtakers.

Kenya | Ghana | Nigeria | Ethiopia | Guinea | Tunisia
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Confusion continues to surround the future of Abuja Electricity Distribution Company (AEDC), following a forced change of management in December amid allegations of shareholder disputes and overdue bank debts. In recent days, a court has ordered those involved to explore the option of an out-of-court settlement, but it is uncertain if a deal can be reached by the court-mandated deadline of late April. 

Nigeria
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Panoro Energy has secured government approval to sell its interest in offshore block OML 113 – which contains the Aje field – to Africa-focused independent PetroNor. The deal will end Panoro’s presence in Nigeria’s upstream sector. It also paves the way for increasing oil and gas production from the current 1,900 b/d towards a target of 9,000 b/d under a three-phase field development programme.

Nigeria
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Project bulletin

Starsight Energy, Nigeria’s largest solar commercial and industrial (C&I) developer, has commissioned an 876kWp solar PV system for the Nile University of Nigeria campus in Abuja.

Nigeria
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Sirius Petroleum has secured up to $200m in funding to further develop onshore block OML 65, via a senior loan from Trafigura. The Africa-focused independent said in May 2021 that credit approval for up to $80m had been secured for a senior funding facility from an unnamed “leading global commodity trading company”.

Nigeria
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At least three people died and four others are missing after the Trinity Spirit floating production, storage and offloading (FPSO) vessel exploded on 2 February off the coast of Nigeria.

Nigeria
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The United States African Development Foundation (USADF) and Shell-seeded Nigerian impact investor All On announced on 21 January that 13 Nigerian-owned companies had been selected to receive funds worth $100,000.

Nigeria
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The World Bank’s International Centre for Settlement of Investment Disputes set another new record for the size of its caseload in 2021, with power and energy cases the most significant area of work and disputes involving African countries also prominent.

Kenya | Nigeria | Zimbabwe
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Africa’s natural gas exporters have been warned they need to do more to track their methane emissions, ahead of the adoption of the EU Methane Strategy and in light of the global methane pledge to cut emissions by at least 30% by 2030, which was signed by more than 100 countries at the COP26 Conference in November.

Nigeria
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The collapse of the private majority owners of two distribution companies has highlighted persistent structural issues in Nigeria’s electricity supply industry stemming from 2013’s poorly implemented privatisation. Analysts argued that the collapse is indicative of the federal government and regulators’ continued failures to rectify longstanding issues, writes Marc Howard

Nigeria
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In the aftermath of the failure of the private sector majority owners of  both Abuja Electricity Distribution Company (AEDC) and Ibadan Electricity Distribution Company (IBEDC), African Energy's Marc Howard unravels the consequences of the flawed 2013 privatisation of the discos.

Nigeria