Nigeria signs MOU for solar mini-grids financed by carbon credits from flare gas capture projects

Facebook
Twitter
LinkedIn
Reddit
Email
A PowerGen mini-grid, financed by CrossBoundary Energy Access, at Rokota, Niger State, Nigeria. Image: PowerGen.

Canada-based greenhouse gas emissions reduction company CarbonAI has signed a memorandum of understanding (MOU) with the Rural Electrification Agency (REA) of Nigeria to develop small-scale rural solar projects across the country.

CarbonAI said that the solar mini-grid installations will be funded by carbon credits generated by its gas flare capture projects, which it has deployed across Nigeria.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The projects will target underserved communities in areas affected by gas flares in proximity to CarbonAI’s technology. The REA will identify potential project locations and liaise with communities, while CarbonAI will take on financing, designing and construction.

”We are strong believers in win-win outcomes,” said CarbonAI chief carbon officer, Yvan Champagne.  “We believe our climate dividend programme captures the spirit of the energy transition by leveraging immediate reductions in today’s energy system to build the energy system of tomorrow in Nigeria.”

Nigeria has pledged to eliminate gas flaring by 2025, and CarbonAI said that this MOU will contribute to reducing greenhouse gas emissions in communities near to gas and oil plants as well as providing a stable and secure energy supply to these areas.

The REA is an implementation agency of the government of Nigeria, primarily tasked with increasing access to electricity in unserved and underserved rural areas.

Managing director and CEO of the REA, Ahmad Salihijo Ahmad said: “The off-grid space in Nigeria is undergoing commendable growth. With the resultant opportunities, key stakeholders must take the responsibility to leverage these opportunities to accelerate sustainable impact, nationwide. This is another strategic and innovative way to finance climate-resilient infrastructure in Nigeria while alleviating energy poverty.”

In September, Crossboundary Energy Access and Engie Energy Access partnered to build US$60 million worth of mini-grids across Nigeria. The same month, the Nigerian government signed an MOU with India-headquartered Sterling & Wilson for 961MWp of solar PV installations.

Read Next

October 8, 2025
US solar module prices jumped in Q3 2025 as developers scrambled to meet the 2 September 2025 safe harbour deadline for Investment Tax Credit (ITC) qualification, according to supply chain platform Anza.
Premium
October 8, 2025
PV Talk: Smart Energy Council's Nigel Morris reflects on how Australia has become a global testbed for distributed solar and storage innovation.
October 8, 2025
Officials from Norway and Egypt have agreed provisional terms for the financing of the Dandara solar park in Egypt, which is being built and operated by Norwegian IPP Scatec.
October 8, 2025
Saatvik Green Energy has secured new solar PV module orders worth more than INR7 billion (US$84 million), to be delivered in this financial year.
October 8, 2025
Australia's NEM achieved a new minimum operational demand record of 9,666MW, marking a 4% decrease from the previous record.
October 8, 2025
Frontier Energy plans to expand its Waroona Renewable Energy Project into a renewable energy precinct by 2031, targeting up to 1GW solar.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK