Nigerian Solar Mini-Grid Portfolio – Rural Electrification

Requirement

A portfolio of 10 solar mini-grid projects across rural Nigeria seeks $4.5 million in development and construction capital. The portfolio will electrify 15,000 households and 500+ businesses in underserved communities. Technical specifications include 100-250kW solar PV per site with battery storage, smart metering and prepaid systems, productive use equipment (milling, irrigation, cold storage), and 25-year asset life with 10-year battery replacement. We seek impact investors, infrastructure funds, and development finance institutions. The portfolio benefits from Nigeria's REA mini-grid regulatory framework, capital subsidies through the Nigeria Electrification Project, and results-based financing from development partners. Revenue model includes residential tariffs competitive with diesel generation, commercial/productive use tariffs supporting agricultural processing, and potential carbon credit revenue. Community engagement and ability-to-pay assessments completed for all sites. Target returns of 12-15% IRR with infrastructure-level risk profile. Development timeline is 18-24 months for full portfolio commissioning.