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Oriental Renewable Solutions, a subsidiary of the Oriental Group, has formed a 50:50 equity partnership with GreenWish Partners to co-develop a 50 MW solar PV project in Jigawa State, Nigeria.
Oriental has already signed a 20-year, dollar denominated Power Purchase Agreement (PPA) with the Nigerian Bulk Electricity Trader (NBET) in July 2016.
In a statement by U.S Ambassador to Nigeria, Stuart Symington, the U.S energy project known as “Power Africa’’ has added 30,000 new solar connections in Nigeria.
U.S. through its Overseas Private Investment Corporation (OPIC) had in 2016 signed an agreement with Lumos, an off-grid electricity provider to enhance provision of solar electricity to homes and small businesses throughout Nigeria.
Lumos was also a recipient of catalytic funding through OPIC and the Africa Clean Energy Finance initiative, a partner with the U.S. State Department.
