UK Institution & Odyssey Energy Boost Mini-grid Use in Nigeria

A UK finance institution, British International Investment (BII), and Odyssey Energy Solutions have launched a new financing facility to advance mini-grid use in Nigeria. The facility, worth millions, will support the expansion of electricity access to Nigerian households through the Distributed Access Renewable Energy program.

Odyssey's technology platform will streamline procurement processes and provide credit solutions to developers, addressing financing challenges in the sector. This initiative, backed by the World Bank, aims to improve energy access for millions of Nigerians by facilitating the deployment of solar energy and storage solutions with minimal upfront costs.