• About
  • Advertise
  • Careers
  • Contact Us
Friday, June 27, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home Business StartUPs

Nigeria Infrastructure Debt Fund (NIDF) to Strengthen Affordable Clean Energy Access with N10 Billion

by Joan Aimuengheuwa
February 21, 2024
in StartUPs
0
Chapel Hill Denham, d.light to Strengthen Affordable Clean Energy Access with N10 Billion
Source: d.light

Source: d.light

UBA
Advertisements

d.light, a global leader in household solar products, and Chapel Hill Denham, a Nigerian alternatives asset manager, have announced the closure of a N10 billion (~ $7.4 million) securitized financing facility to enhance access to clean energy across Nigeria.

Facilitated by Chapel Hill Denham’s Nigeria Infrastructure Debt Fund (NIDF), this new financing mechanism will strengthen the expansion of d.light’s low-cost Pay-Go solar products tailored for low-income households across the country.

The financing structure, led and sponsored by African Frontier Capital, operates with the dual mandate of enhancing accessibility to affordable clean energy solutions while ensuring the sustainability and scalability of d.light’s business model.

Nick Imudia, CEO of d.light, celebrated the financing as an epic moment in the company’s mission to boost solar energy access in Nigeria. Imudia emphasized the impact of the financing, noting its potential to empower low-income families while driving sustainable business growth.

“d.light has a track record of success in using securitized finance in other Sub-Saharan African countries as a flexible, scalable financing model for raising equity for off-grid solar that is guaranteed against current and future customer sales.

We are now applying this experience in Nigeria as we scale up our operations there. In Chapel Hill Denham, we have a partner that is not only commercially astute but also equally dedicated to sustainable development,” stated Imudia.

Bolaji Balogun, CEO of Chapel Hill Denham, reiterated Imudia’s statement, highlighting the transaction’s importance in advancing sustainable infrastructure investments in Nigeria.

Balogun pointed to the unique nature of the securitized financing, stressing its role in enabling innovation and resilience within the renewable energy sector.

“The collaboration between d.light and Chapel Hill Denham underscores our shared commitment to sustainable development and community empowerment. By spearheading local currency securitization for solar home systems, we are propelling Nigeria towards a greener, more inclusive energy landscape,” commented Balogun.

Anshul Rai, Partner at Chapel Hill Denham emphasized the achievements through the NIDF’s pioneering financing model, emphasizing its potential to address Nigeria’s energy access challenges while mitigating environmental impact.

The urgency of the initiative is brought out by last year’s Energy Progress Report, which highlighted Nigeria’s unstable energy deficit, with approximately 86 million people lacking access to electricity.

The report noted the imperative of transitioning away from fossil fuel-dependent energy sources towards sustainable alternatives.

Through strategic partnerships and innovative financing mechanisms, d.light and Chapel Hill Denham will combine cutting-edge technology with financial ingenuity.

The collaboration aims to bridge the gap between energy demand and accessibility, bringing a more sustainable future for all Nigerians.

Loading

Advertisements
MTN ADS

Author

  • Joan Aimuengheuwa
    Joan Aimuengheuwa

    Joan thrives at helping individuals and businesses scale via storytelling...

    View all posts
0Shares
Tags: Anshul RaiBolaji BalogunChapel Hill Denhamd.lightNick ImudiaNigeria Infrastructure Debt Fund (NIDF)
Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Next Post
electricity subsidy, EEDC SubCo | 2025 budget and NESG

Senate Probes N2tn Electricity Subsidy, Rejects Proposed Tariff Hike

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Olufemi Ake, MD ESET West Africa nominated in IFSEC Global Influencers in Security 2022

3 years ago
Flutterwave Plans $50 Million Investment in Kenya

Flutterwave Plans $50 Million Investment in Kenya 

2 years ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.