Local Currency Blended
Climate Finance
Mobilising blended finance for sustainable energy access. The first of its kind to receive certification under the Electrical Grids and Storage criteria by the Climate Bonds Standard.
Climate Finance Blending Facility Enables Local Currency Financing for CEESOLAR's Off-Grid Energy Project in Cross River State
Mobilising blended finance for sustainable energy access.
The Climate Finance Blending Facility is a catalytic facility capitalised with USD21.3 million concessional funding by the UK Foreign, Commonwealth & Development Office ("FCDO") and the British International Investment ("BII") to mobilise additional funding from development partners to co-finance off-grid clean energy investments alongside InfraCredit's local currency guarantees in Nigeria.
Concessional capital committed by FCDO and BII to de-risk green investments in Nigeria.
How we drive impact
Our data-driven approach ensures every dollar invested translates into tangible environmental and social progress.
Visit Capacity Building PageTotal Project Investment Committed
Communities Served
People with access to new infrastructure
Capacity Installed
Projects Reached Financial Close
Tonnes CO2 Reduced
Leading with innovation in solar projects worldwide
Darway Coast, Nigeria
Challenge Analysis
Coastal communities in Rivers State lacked reliable grid connection, relying on expensive and polluting diesel generators for basic needs.
Solution
Deployment of a 526KW Solar Hybrid Mini-Grid with battery storage to provide 24/7 reliable power to the community.
Impact
Replaced 200+ diesel generators, reducing CO2 emissions by 400 tonnes annually and powering 150 SMEs.
Hotspot Network
Prado Power Energy
Geographical Distribution
States
Collectively, renewable energy projects located in 35 states across the six geo-political zones in Nigeria have been approved for co-financing by the Facility.
View LocationsFeatured Stories
Meet Felicia Adindu-End User, Darway Coast
ACOB Lighting Solar Powered Rural Electrification Project
Prado Power Solar Powered Rural Electrification Project
Latest News & Updates
Climate Finance Blending Facility Enables Local Currency Financing for CEESOLAR's Off-Grid Energy Project in Cross River State
Climate Finance Blending Facility Supports Local Currency Financing for First Electric's Off-Grid Energy Project in Nigeria
The Green Financing Framework guides the process for identifying, selecting, verifying, and reporting on the sustainable projects that are eligible for financing through the Facility, including its specific use and management.
Aiming For Net Zero
The Facility will use its impact seeking capital to blend the cost of Eligible Green Projects aimed at fulfilling two main environmental objectives: climate change mitigation and energy transition to a low-carbon economy.
Energy Efficiency
Energy-efficient appliances and equipments that lead to reduced energy consumption.
GHG Reduction
Renewable Energy Projects that reduce or avoid annual GHG emissions in tons of CO2 equivalent