South Korea has set aside $12.4 million to help Nigerians establish solar mini-grids in rural areas.
The Korea Institute for Technological Advancement (KIAT) will lead the project, which will begin in April 2022.
Nigeria’s “30:30:30 Vision” aims to achieve 30 GW of installed power capacity by 2030, with 30% coming from renewable sources.
To achieve full power coverage across its territory, the West African country is looking to a number of development partners, including South Korea, which will invest slightly over $12.4 million in solar mini-grids in rural areas in 2022.
The solar mini-grid project will contribute to Nigeria’s ambition to speed electrification by bringing the benefits of electricity to the rural areas, such as better security and night-time activities.
For Young-Chae, Ambassador of the Republic of South Korea to Nigeria, the long-term goal is to serve high-demand rural communities with a stable and sustainable electricity solution. “The project will require the installation of transmission and distribution lines, provision of electrical equipment and systems, and training for operation and maintenance,” he explained.
Salpha Energy, a Lagos-based startup with 350 users, including individuals, has received a $1 million investment from the investment firm All On, which is backed by the Anglo-Dutch oil company Shell.
In rural Nigeria, the Nigerian company distributes solar home systems.