Empowering Nigeria's Renewable Energy Sector through Stakeholder Engagement
Key Ideas
  • The Rural Electrification Agency of Nigeria is calling on stakeholders to actively participate in renewable energy initiatives to enhance sectoral growth and corporate maturity.
  • The Agency's focus is on addressing challenges such as access to financing, operational limitations, and market inefficiencies to build a resilient renewable energy ecosystem.
  • Objectives include identifying market participants, understanding challenges faced, assessing company maturity, and guiding policy development for sectoral growth.
  • Interested companies are invited to respond to the call by filling out a form on REA's website, with the deadline set for November 22, 2024.
The Rural Electrification Agency (REA) of Nigeria is seeking active participation from stakeholders in the renewable energy sector to drive transformational initiatives and market development. The Agency's focus is on fostering ecosystem development, sectoral growth, and addressing challenges faced in the sector. The implementation of renewable energy projects has already positively impacted over 1.4 million unserved and underserved individuals in Nigeria. The call for participation aims to identify key market players, understand existing challenges, and design targeted strategies for sectoral growth. Stakeholders across the renewable energy value chain, including developers, service companies, contractors, and manufacturers, are encouraged to participate. The objectives of the call include expanding the database of market participants, gaining insights into challenges faced, and assessing company maturity to guide policy development. Through this initiative, REA aims to enhance market efficiency, support financial closures for projects, and engage with development partners. Interested companies can respond to the call by filling out a form on REA's online platform. The data collected will be used to design programmes and policies that improve corporate maturity, support businesses transitioning to service companies, and address funding gaps. The deadline for access to the participation form is November 22, 2024. This collaborative effort is set to empower Nigeria's renewable energy sector, drive sustainable development, and expand energy access in the country.
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