Chapel Hill Denham Collaborates With REA to Drive Solar Power Adoption in Nigeria
Chapel Hill Denham, has joined forces with the Rural Electrification Agency (REA) to drive the adoption of solar power in Nigeria.
The collaboration, which was solidified with the signing of a Memorandum of Understanding (MoU) between Chapel Hill Denham and REA at an investor matchmaking event held in partnership with the Power Africa Nigeria Power Sector Programme (PA-NPSP, USAID), has the objective of facilitating financing for off-grid electrification projects.
The investor matchmaking event provided a platform for potential investors to showcase their financial offerings to developers, outlining selection criteria and key terms. Moreover, it served as an essential networking and matchmaking forum, bringing together key investors and high-performing developers pre-evaluated by the Solar Power Naija (SPN) team in the power sector.
CEO of Chapel Hill Denham, Mr. Bolaji Balogun, expressed his delight about the collaboration, saying that it perfectly aligns with the company’s commitment to driving transformative solutions that positively impact the lives of Nigerians.
He emphasized their dedication to delivering sustainable solar power projects that contribute to the nation’s economic growth and social well-being.
“Together, we will work tirelessly to deliver sustainable solar power projects that contribute to the economic growth and social well-being of the nation. The collaboration between Chapel Hill Denham and the REA marks a landmark partnership in Nigeria’s quest to expand solar power access and accelerate economic development. Through their joint efforts, they aim to make significant strides towards achieving Nigeria’s energy access goals and driving positive change in the country’s power sector.
Chapel Hill Denham has made notable contributions to the climate finance space through its investment activities and advisory services, aimed at fostering a low-carbon economy. The firm has played a pivotal role in financing and supporting projects in the renewable energy sector, particularly through various financing solutions for off-grid developers, “Balogun said.