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WATT Nigerian Renewables Portfolio

Sector: Solar • Location: Nigeria

Source: World Bank Group

Project
Active

This project involves the expansion of the renewables portfolio of the Nigerian WATT Renewables Corporation (WATT) in Nigeria. This initiative includes the construction of new solar pv plants with a total generated capacity of 8MW, as well as the construction of 14.3MWh of storage capacity through end-to-end services. This specific initiative will reduce of 3 million liters of diesel consumption p

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The project “WATT Nigerian Renewables Portfolio” is an infrastructure initiative in the Solar sector, located in Nigeria. Taiyo aggregates data on it from World Bank Group.

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Description

Description

This project involves the expansion of the renewables portfolio of the Nigerian WATT Renewables Corporation (WATT) in Nigeria. This initiative includes the construction of new solar pv plants with a total generated capacity of 8MW, as well as the construction of 14.3MWh of storage capacity through end-to-end services. This specific initiative will reduce of 3 million liters of diesel consumption per year in Nigeria, which will cut down 7,039 metric tons of CO2 emissions annually. The total project cost is $13m and it is provided with a loan from the Empower New Energy investor. The financial close date is October 2nd, 2023. https://dabafinance.com/en/news/watt-gets-13m-to-expand-renewable-energy-in-nigeria https://empowerafrica.com/nigerias-watt-renewable-corporation-secures-13-million-funding-to-advance-renewable-energy-solutions/ https://disrupt-africa.com/2023/10/05/nigerian-company-watt-raises-13m-funding-to-advance-renewable-energy-solutions/ https://www.ijglobal.com/articles/175765/watt-secures-funding-for-nigeria-expansion

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