- July 5, 2024
- Posted by: Havenhill
- Categories: News, Renewables
Photo Credit: Rural Electrification Agency
Abuja, July 4, 2024 – In a significant move to bolster Nigeria’s energy sector, the Rural Electrification Agency (REA) of Nigeria and Havenhill Synergy Limited recently signed a Memorandum of Understanding (MoU). This strategic partnership aims to deploy up to 250MW of decentralized renewable energy (DRE) projects, advancing the Federal Government’s goals for energy access, transition, and security.
Abba Aliyu, Managing Director of REA, highlighted the significance of this MoU: “This is a landmark event under the DARES programme and the introduction of the Renewable Energy Service Companies (RESCOs) model. The RESCO model aims to provide developers with a platform to become utility companies where they can be able to attract investment to deploy mini grids. These developers have the capacity and track record to not only deliver mini grids but to manage large portfolios of projects as well as scale up. This MoU demonstrates our commitment to roll-out this RESCOs model. This MoU gives developers the opportunity to partner with REA to build mini grids under the DARES programme and become RESCOs. We look forward to this mutually beneficial partnership.”
With this collaboration, Havenhill will be deploying and operating up to 250MW DRE projects including interconnected mini-grids (IMGs), isolated mini-grids, commercial and industrial (C&I) solutions and agricultural solutions across rural and peri-urban areas. Beneficiaries of these projects include markets, businesses, households, public institutions, healthcare facilities, schools and more.
Olusegun Odunaiya, the CEO of Havenhill Synergy, expressed his enthusiasm, stating, “Electricity is the backbone of our infrastructure, and Havenhill is committed to this cause. With our track record in the energy access space and footprints in the Commercial & Industrial Sector and other utility scale-up initiatives, we will collaborate effectively with REA to fulfill this mandate and make Nigeria a better place to live in,” Odunaiya stated.
Four other companies executed similar MoUs, aiming for a combined 1,265 MW capacity of DRE projects. The partnership is set to also introduce new energy service models, including Virtual Power Plants (VPPs), and promote the adoption of energy-efficient appliances and PUE devices through sales, distribution, and credit financing. It will also offer value-added services such as e-mobility, agricultural processing, cold storage, and e-cooking.
About the Rural Electrification Agency (REA)
The REA is the Implementing Agency of the Federal Government of Nigeria under the Federal Ministry of Power, tasked with electrifying unserved and underserved communities to catalyze economic growth and improve the quality of life for Nigerians. Established under the Electric Power Sector Reform Act (EPSRA), 2005, the REA is currently implementing various programs including the Rural Electrification Fund (REF), Nigeria Electrification Project (NEP), Solar Power Naija (SPN), Energizing Education Programme (EEP), Energizing Economies Initiative (EEI), and more.
About Havenhill Synergy Limited
Havenhill Synergy Limited is a clean-tech utility company that uses solar energy to generate clean, safe, cost-effective and sustainable electricity in rural and urban Nigeria. Havenhill does this through business units namely: Energizing Communities (Rural Electrification), Energizing Healthcare, Energizing Commerce, Energizing Industries (Commercial & Industrial Solar) Energizing Agriculture and Value Added Services (Appliance Finance & Farm Fuse) and Engineering, Procurement & Construction.
In rural areas, Havenhill deploys smart solar mini-grids to commercially viable off-grid rural communities. In urban areas, Havenhill helps businesses (like factories, large farms etc) reduce their energy cost and provide them with more reliable energy access through our Commercial & Industrial (C&I) solar offering.
For more information about our services and projects, please visit our website at www.havenhillsynergy.com.