REA, Partners Launch $188m Fund For 191MW Solar Capacity

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The Rural Electrification Agency (REA), UK PACT, First City Monument Bank (FCMB), and ARMHIIL have launched a Green Finance Investment Facility (GFiF), a blended finance platform to mobilise large-scale private and institutional investment into distributed renewable energy infrastructure across Nigeria.

The project aims to raise $188 million to finance 191 megawatts of distributed solar…

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