ARE & REAN sign MoU to improve renewable energy access in Nigeria
18 May 2021 – A Memorandum of Understanding (MoU) has been signed between the Renewable Energy Association of Nigeria (REAN) and the Alliance for Rural Electrification (ARE). The MoU sets out the shared goals of the two organisations to address the various existing barriers hindering access to decentralised renewable energy (DRE) in Nigeria.
The associations will work together on a number of activities, including joint advocacy to create a conducive market environment for DRE actors, accompanying and contributing to the government’s efforts to achieve renewable energy targets as well as targeted business development and market intelligence support for DRE companies.
In this regard, the associations aim to develop the capacity of DRE stakeholders in Nigeria, accelerate the development of the Nigerian DRE sector, create local jobs and increase the capacity of DRE companies to raise financing and unlock increased investments in the renewable energy sector of Nigeria. This will be achieved by spearheading in-person or virtual “DRE Investment Academies” or similar trainings for Nigerian and international DRE developers and other stakeholders, with the aim to provide additional fundraising and technical support.
Finally, the MoU states that the partners will deliver joint offers and support services for Nigerian DRE actors, who work to address energy access, energy security and climate change challenges in Nigeria.
ARE CEO, David Lecoque, confirms: “We are pleased to sign this landmark partnership with the Renewable Energy Association of Nigeria (REAN). The cooperation fits squarely within ARE’s goal to increase country-level actions and support to boost energy access, also in Nigeria. It is an outcome of the virtual study tours that ARE organises with SolarPowerEurope and National Renewable Energy Associations, supported by the European Programme GET.invest. We strongly believe that we share common values to take concrete steps forward to expand clean and affordable energy access in Nigeria.”
REAN President, Segun Adaju said: “We are delighted to partner with ARE in what is a significant milestone in our relationship. It aligns with our objective of forming strategic partnerships based on shared goals; in this instance, working towards increasing energy access to underserved or unserved Nigerians. Ultimately, we are working together to ensure that renewable energy solutions play a key role.”
ARE Africa Lead, Gabriele Pammesberger, added: “We strongly believe in partnerships and cooperation between national and international organisations as well as in local skills development and capacity building as key drivers towards universal access to energy and hence are delighted to partner with REAN to jointly foster the development of a thriving DRE sector in Nigeria. This MoU is in line with the mandate of ARE’s new Africa Desk, a top partnership between ARE and the African Development Bank.”