By Adaobi Rhema Oguejiofor
Chapel Hill Denham, an independent investment banking and securities trading firm, has partnered with the Rural Electrification Agency (REA) in order to push forward the adoption of solar power in Nigeria.
The partnership was strengthened by the signing of a Memorandum of Understanding (MoU) between both Companies at an investor matchmaking event that took place in collaboration with the Power Africa-Nigeria Power Sector Programme of the United States Agency for International Development (PA-NPSP, USAID).
The objective of the partnership is to facilitate financing for off-grid electrification projects.
The investor matchmaking event provided potential investors with a platform to showcase their financial offerings to developers, outlining selection criteria and key terms. It also served as an essential networking and matchmaking forum by bringing together key investors and high-performing developers that have been pre-evaluated by the Solar Power Naija (SPN) team in the power sector.
The Chief Executive Officer (CEO) of Chapel Hill Denham, Bolaji Balogun, said that the collaboration perfectly aligned with the Company’s commitment to driving transformative solutions that will positively impact the lives of Nigerians. He further emphasized that Chapel Hill is dedicated to delivering sustainable solar power projects in order to contribute to the nation’s economic growth and social well-being.
Chapel Hill Denham has made notable contributions to the climate finance space through its investment activities and advisory services that are aimed at fostering a low-carbon economy. The firm has played a pivotal role in financing and supporting projects in the renewable energy sector, particularly through various financing solutions for off-grid developers.