Banks, Investors Reaffirm Commitment To Improved Funding For Renewable Energy Projects In Nigeria

The Renewable Energy Investment Matchmaking Event, hosted by the Renewable Energy Association of Nigeria (REAN) with support from All On, which commenced in Lagos on Tuesday, 17th October 2023 came to a close Wednesday, 18th, October, with the renewable energy stakeholders workshop .

The two day event provided participants and critical stakeholders in the renewable energy sector value chain the opportunity to foster strategic connections and partnerships between renewable energy businesses and potential investors.

The event according to renewable energy association of Nigeria was designed to enable investors gain comprehensive insights into the latest advancements, emerging opportunities, and promising prospects within the Nigerian renewable energy landscape under a collaborated platform .

The event which brought together critical stakeholders under one roof, was attended by renewable energy businesses and investors, including banks like Stanbic IBTC, First Bank of Nigeria Ltd., Bank of Industry Limited, Sterling Bank, Access Bank Plc, OANDO Clean Energy Limited, GIZ H2 Rampup program, media, among other critical stakeholders .

Highlights of the event include presentations of goodwill messages from the representatives of investors and pitches from renewable energy businesses such as Metikon Engineering Limited, LITEUP NAIJA PROJECTS, POWERUP RENEWABLES LTD, Clean Tech Hub Nigeria, Koolboks, and SOSAI Renewable Energies Company.

The second and closing day for the two day meeting availed stakeholders to share their thoughts on the theme, “Charting the path to a sustainable energy future for Nigeria: Reviewing the energy transition plan” with participants in the three discussion groups agreeing that more advocacy campaigns is still needed to drive home the conversation around the energy transition plans in Nigeria, particularly among the youths, with another call for improved financing for renewable energy projects and a strong visible institution to sustain the process.