Nigerian impact investment company, All On, Odyssey Energy Solutions, and the recently launched Global Alliance for People and Planet (The Alliance) have launched this month a global aggregated procurement programme for renewable energy companies in Nigeria. The initiative is supported by a $10 million financing facility managed by All On.
Dubbed “Demand Aggregation for Renewable Technology (DART)”, the programme will ensure that affordable, high quality solar products reach the communities most in need in Nigeria. If successful, the programme will then be piloted in four additional countries in Africa.
In its core, the DART programme combines demand pooling and aggregated purchasing of solar equipment, access to affordable finance, and coordinated logistics processes to unlock economies of scale for solar companies and achieve cost savings for end users.
The $10m All On-managed finance facility will provide debt funding for solar companies already approved by the Rural Electrification Agency (REA) for the Nigeria Electrification Program (NEP) to purchase lower-cost solar equipment through the DART.
