Okra Solar gets British investment backing for Nigerian mini-grids

British International Investment is backing Okra Solar to widen solar mini-grid electricity access in off-grid Nigerian communities.

British International Investment has announced backing for Okra Solar, with the aim of speeding up clean energy access in Nigeria. The deal is listed as coming, still in development, rather than delivered.

Solar mini-grids supply power to communities the main grid does not reach. Financing like this can help bring electricity to off-grid households and businesses at lower cost than diesel generation. That makes it relevant to the energy need: more people with reliable power means more access to lighting, refrigeration and productive work.

Our source for this item was unreachable, so we have no figures on the size of the investment, the number of connections planned, or the timeline. Whether this makes electricity more affordable depends on how much is actually built and what households end up paying. The detail sits with the original reporting, which you should read for specifics.

Source: Google News