Solad Power Group Launches Nigeria's First Renewable Energy Certificate Sale

Solad Power Group, through its subsidiary Solad Integrated Power Solutions, has successfully sold its first international renewable energy certificate (REC), marking a major milestone in Nigeria's transition to clean energy. This achievement underscores the company's emerging leadership in climate initiatives and the expansion of Nigeria's carbon market.

The sale was facilitated in partnership with Rivi, a major energy finance platform, and represents a new chapter in Nigeria's carbon economy. The REC, which certifies the generation of clean energy from renewable sources like solar and wind, is crucial for companies seeking to reduce their carbon footprint.

Solad emphasized the importance of transparency and verification in offsetting greenhouse gas emissions. The inaugural sale signals increased international confidence in Nigeria's climate initiatives and aligns with the federal government's recent launch of a national carbon market framework, expected to unlock $3 billion in climate finance annually by 2030.

Chief Executive Officer Yewand Olagbend highlighted the role of carbon markets in supporting sustainable business practices and economic value while contributing to Nigeria's presence in the global carbon economy.