The International Finance Corporation and Norfund are providing $83.2 million in financing to develop 315 solar hybrid minigrid sites in Nigeria, aiming to facilitate over 494,000 new electricity connections. This initiative will expand access to reliable electricity, reduce energy costs, strengthen local economies, and enable income generating activities. The Africa Solar Industry Association has identified over 4.8 GW of operational solar in Nigeria, with 115 MW from solar minigrids. IFC also plans to grant Virtuitis $16 million to build and operate 97 solar minigrids, connecting over 140,000 off-grid consumers by 2027.
https://www.pv-magazine.com/2026/05/04/ifc-norfund-back-315-solar-hybrid-minigrids-in-nigeria/