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  • REA, InfraCorp, Solarge BV set up firm to establish 1GW of solar

    REA, InfraCorp, Solarge BV set up firm to establish 1GW of solar

    In a landmark move to accelerate Nigeria’s energy transition and industrialization agenda, the Rural Electrification Agency (REA), the Infrastructure Corporation of Nigeria (InfraCorp), and Solarge BV of the Netherlands have formally announced the creation of Solarge Nigeria Limited, a special purpose vehicle (SPV) that will establish and operate a 1 gigawatt (GW) solar photovoltaic (PV) panel manufacturing facility in Nigeria. 

    The agreement was signed at infraCorp office central area, Abuja.

    This co-ownership and strategic offtake agreement/collaboration, aligns with the Federal Government of Nigeria’s National Public Sector Solarization Initiative (NPSSI) and the broader objectives of the Renewed Hope Infrastructure Development Fund (RHIDF), which aim to scale clean energy access across public institutions while building robust local content in Nigeria’s renewable energy sector.

    The special purpose vehicle (SPV), Solarge Nigeria Limited will be co-owned by: InfraCorp, REA, Solarge BV (Netherlands).

    REA made this known in a press statement issued on Wednesday.

    The statement explained that the public-private partnership will leverage InfraCorp’s investment mobilization capacity, REA’s policy leadership in rural electrification and public sector solarization, and Solarge BV’s advanced technology and manufacturing expertise to localize high-quality solar PV production in Nigeria.

    REA said the highlights of the project are 1GW Solar PV Factory and the others below.

    The agency added that it has a state-of-the-art manufacturing facility to be constructed in Nigeria, with a target of 50% local content within the first three years.

    The statement said the facility will support significant technology transfer, capacity building, and job creation, furthering Nigeria’s energy transition and industrial policy goals.

    Under the agreement, REA has committed to procure at least 200MW of solar modules per year over five years from Solarge Nigeria Ltd for NPSSI, RHIDF, and other public electrification programs.

    In his address during the signing of the offtake agreement, Director General Budget office, Tanimu Yakubu kurfi mentioned that, “This partnership exemplifies the type of innovation and collaboration that the Federal Government seeks to promote under the Renewed Hope Infrastructure Development Fund. It not only supports our fiscal sustainability goals but also deepens Nigeria’s industrial base and energy self-reliance.”

    Speaking on the partnership, Abba Abubakar Aliyu, Managing Director/CEO of REA stated that, “Through this joint venture, we are not only creating access to clean energy but building the local capacity to manufacture it. This initiative aligns perfectly with the Renewed Hope Agenda and our mandate to electrify communities and institutions.”

    Dr. Lazarus Angbazo, Managing Director/CEO of InfraCorp, added:

    “Solarge Nigeria Limited represents a bold step toward local manufacturing and energy sovereignty. We’re proud to partner with REA and Solarge BV to build a resilient and sustainable energy future for Nigeria.”

    Joost Brinkman, CEO of Solarge BV, also expressed enthusiasm, “We are excited to bring our technology and experience to this landmark initiative. Solarge Nigeria Ltd will set a new benchmark for solar manufacturing in Africa — built by Nigerians, for Nigerians.”

    The statement reads in part, “Solarge Nigeria Ltd will be governed by a Board of Directors representing all shareholders, including an independent non-executive director. A dedicated Project Management Office (PMO) and Offtake Coordination Desk will ensure seamless execution, regulatory compliance, and alignment with public procurement frameworks.

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    “The journey toward energy transition began with the official signing of a Memorandum of Understanding (MoU) between the Rural Electrification Agency (REA), the Budget Office of the Federation, InfraCorp, and the Ministry of Finance Incorporated (MOFI) on Thursday, August 7, 2025. 

    “This event marked the formal launch of the National Public Sector Solarization Initiative (NPSSI) — a flagship government-led program to deploy distributed solar energy solutions across public institutions such as schools, hospitals, security posts, and government offices.

    “The initiative addresses a key national priority: providing clean, reliable energy to critical infrastructure, reducing diesel dependency, and cutting the public sector’s carbon footprint. 

    “The MoU also underscores stronger public-private collaboration to drive localized renewable energy manufacturing and transition Nigeria toward more sustainable energy financing models.”

  • InfraCorp kickstarts $1tr economy project with solar investment

    InfraCorp kickstarts $1tr economy project with solar investment

    The Infrastructure Corporation (Infracorp) has taken steps to realize Federal Government’s $1 trillion economy target with the signing of a Memorandum of Understanding (MoU) for the establishment power plant.

    The agreement for the establishment of a 1 Gigawatt (GW) Solar PV Manufacturing plant was signed by Infracorp with Solarge BV of the Netherlands and the African Green Infrastructure Investment Bank at the ongoing 28th session of Conference of Parties (COP28) in Dubai, United Arab Emirates.

    Infracorp was established with a startup funding of N1 trillion for the construction of critical infrastructure projects to help accelerate growth in the country. Its funding is expected to grow to N15 trillion.

    The solar project was created as part of efforts to provide reliable energy for Nigerians and support government’s economic development and growth agenda meant to achieve $1 trillion economy.

    The Chief Executive Officer of Infracorp, Lazarus Angbaso, said the objective of the project is to revolutionize Nigeria’s energy sector and elevate the economy to $1 trillion through sustainable and climate resilient infrastructure.

     “The project focuses on local manufacturing, green manufacturing and renewable energy, equipment manufacturing, and climate resilient infrastructure,” he said.

    During the summit, the Minister of Power, Adebayo Adelabu, noted that the current power situation in the country is dire, with insufficient transmission infrastructure, limited distribution capacity, and various challenges hindering generation

    While emphasizing the importance of adequate energy supply for a country to unlock its full potential, he assured the international community that President Bola Tinubu-led government is fully dedicated to fulfilling its promises.

     “We bear witness to the enormous stress on our national grid that continues to trigger power outages that adversely affect the daily lives of our citizens: homes, schools, hospitals, and businesses of diverse scales,” he said.

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    Adelabu added that renewable energy is no longer just a future aspiration but a present necessity.

    While commending the Infracorp-led consortium for successfully securing a manufacturing plant in Nigeria, the Coordinating Minister for the Economy, Olawale Edun, said available data indicates a substantial market size for solar energy in Nigeria and the West Africa region.

    Edun said the establishment of a solar PV manufacturing plant in Nigeria has the potential to address various socioeconomic challenges and bring about positive impacts across different sectors.

    The Minister of Industry, Trade & Investment, Dr. Doris Nkiruka Uzoka-Anite, who said the establishment of the Solar PV Manufacturing plant will be a significant catalyst for Nigeria’s industrial sector, stressed that energy infrastructure is the foundation for innovation, job creation, and prosperity, paving the way for a brighter, more sustainable future.

  • InfraCorp seeks global investments in major infrastructure

    InfraCorp seeks global investments in major infrastructure

    Managing Director, Infrastructure Corporation of Nigeria (InfraCorp), Dr. Lazarus Angbazo, has called for global investors in Nigeria’s critical and strategic sectors of the economy, including roads, energy, aviation, rails and the digital space, among others.

        Angbazo, who spoke in New Delhi at the Nigeria-India Presidential Roundtable and Conference during the G20 Summit, said with Nigeria’s status as the largest economy in Africa, coupled with its youthful and educated population, abundant natural resources, and given its strategic advantageous geographical location, offers a wealth of investment opportunities for Indian businesses, especially in the field of infrastructure.

     Anggazo said he did not doubt Nigeria’s readiness for investment, adding that “Nigeria is fully open for business, now more than in the past decade.”

        He stressed the rapid economic reforms undertaken by President Bola Ahmed Tinubu’s administration within weeks of taking office, saying these reforms which include removing fuel subsidies, harmonizing foreign exchange rates, and commercializing critical sectors, signal a transformative shift in Nigeria’s economic landscape, opening doors to faster growth and opportunities for international investors.

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     He said Tinubu’s focus on infrastructure development, spanning roads, rail, aviation, ports, energy, digital, and social infrastructure, are aimed at boosting domestic economic growth and enhancing the overall business environment and creating a fertile ground for foreign investment.

        The  highlighted specific investment prospects within Nigeria, particularly in agriculture, manufacturing, mining, and the power value chain. As he enumerated these opportunities, the audience nodded in agreement, recognizing the immense potential for partnership and growth, stating that Nigeria and India share tremendous investment synergies.

    The time for collaboration has never been more opportune, he said, adding that the Infrastructure Corporation of Nigeria (InfraCorp), the nation’s pivotal entity for mobilising private capital investment in public infrastructure, develops and packages bankable and attractive infrastructure projects, for public-private partnerships.