PowerGen secures US$9m, partners CrossBoundary Energy Access to build minigrids

NIGERIA – PowerGen, a leading distributed energy developer in Africa, has partnered with CrossBoundary Energy Access to build 28 minigrids after securing US$9 million in construction financing. Although the minigrids’ technical specifications are yet to be announced, PowerGen will develop and maintain systems to provide approximately 55,000 rural Nigerians with electricity. Each distributed energy system will consist of PV solar and battery storage built into a special purpose vehicle, serving residential, commercial and productive use customers in parts of the country without grid electricity. Under the unique “take-out at completion”…

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