The first phase of the project will consist of the development and construction of a 2.5MW solar PV plant with the potential to include a storage component, construction of 8 solar mini-grids and associated distribution works, roll out of solar home systems, deployment of smart metering infrastructure and an integrated cutting edge information and operations technology platform, grid network upgrades, as well as securing energy supply from nearby existing renewable generation assets.

Our Development Partner

Konexa

We Invest

USD 2.5 million

Development Fund Contracted

Estimated Project Impact

6.31 GWh of power produced

2,861 tCO2eq/year of emissions avoided

tbc jobs created

23,942  people served

Funding Rationale

CI1 is participating as co-developer, financial advisor and E&S advisor in the project. The parties expect to scale up the Konexa platform across Nigeria and / or the rest of the continent.

Contract signature date

7 October 2020

Expected commercial operations date

Tbc

Region

Africa

Country

Nigeria

Renewable generation and distribution sub-concession

IPP

Technology

Various renewable generation

Environmental & Social Category

B+

Sector

Generation and Distribution

Project Location

Project Site Photo