Nigeria has signed a $200 million deal with WeLight for Renewable Mini-Grids Expansion. WeLigth is a Pioneering player in rural electrification in Africa. The company deploys and operates Mini-grids.
This deal brings clean and reliable electricity to rural communities in Nigeria. This project will bring about the construction of 400 mini-grids and 50 metro grids to power about 1.5 to 2 million people, making a big difference in areas that have long struggled with energy shortages and bringing about economic development.
The project is part of Nigeria’s plan to increase its use of renewable energy—from 22% to 50%—and modernize its power infrastructure. With the support of the World Bank and the African Development Bank, this initiative is expected to boost local economies and improve essential services like health and education in remote areas.
WeLight is supported by partners such as Axian Group, Sagemcom, and Norfund, recently signed an Memorandum of Understanding (MoU) with Nigeria’s Rural Electrification Agency (REA), the government body responsible for expanding power access to Nigerians without grid connection.
Romain de Villeneuve, CEO of WeLight, highlighted that the deal will not only bring clean energy to millions but also help the company expand its operations across Africa.
The deployment of renewable mini-grids is expected to reduce reliance on fossil fuels and cut carbon emissions, paving the way for a more sustainable future. Local communities will see improved business opportunities and better quality of life as a result of stable and affordable power.
Additionally, this project could serve as a model for similar renewable energy initiatives across the continent.
Overall, this deal marks a significant step forward in Nigeria’s efforts to provide lasting energy solutions and drive economic growth in its rural regions.
