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PROJECT CASE STUDY: / 01
First Electric Power and Automation Services
Solar GridUnder Construction
Gombe, Nasarawa & Ondo States
CAPACITY INSTALLED
725KW
installed green capacity de-risked by first-loss co-financing.
EMISSIONS AVOIDED
762 Tonnes GHG/yr
tonnes of greenhouse gas emissions offset annually by the project.
JOB CREATION
616 Jobs
sustainable direct and indirect jobs facilitated in local communities.
CONNECTIONS POWERED
5,156 Connections
projected household and SME connections powered across Nigeria.
CAPITAL DEPLOYED
₦1.70 Billion
mobilized from institutional investors and pension funds into the real economy.
Project description
Advancing Clean Energy Infrastructure Across Underserved States
First Electric is deploying mesh-grid electricity networks with a total capacity of 724.8 kWp. This project aims to provide reliable power to off-grid households and small businesses across 20 communities in Gombe, Nasarawa, and Ondo States. The systems utilize solar PV technology supported by battery storage and inverters to ensure consistent power supply.
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SpecificationProject Metrics & Details
DEVELOPERFirst Electric Power and Automation Services
STATESGombe, Nasarawa & Ondo States
CAPACITY725KW
SECTORSolar Grid
CLOSE YEARDec. 2025
PRIVATE CAPITAL₦1.70 Billion
CONNECTIONS5,156 Connections
JOBS CREATED616 Jobs
GHG OFFSET762 Tonnes GHG/yr
Project ID / 01
First Electric Power and Automation Services
The challenge & problem
Remote community households and local agricultural mills across Gombe, Nasarawa, and Ondo states lacked access to clean energy grid systems. Relying on kerosene lamps and polluting petroleum engines caused high fuel expenses, carbon emissions, and stagnant community business growth.
The action plan & solution
CFBF co-financed and de-risked First Electric’s NGN debt financing to construct a 725kWp decentralized mesh grid electricity network. Utilizing intelligent metering and decentralized solar clusters, the project connects 5,156 households and SMEs directly.
Developmental & environmental impact
Replaces traditional carbon-heavy lighting sources, saves over 762 tonnes of greenhouse gas emissions annually, and stimulates local agro-rural businesses with a stable and affordable power supply.
Financial Close2025
Private Capital Mobilised₦1.70 Billion
Aligned SDG Goals
SDG 7
SDG 13
Financing structure
Blended finance mechanism & risk-mitigation architecture
De-risked Credit Enhancement
The project is financed through a blended, co-financing arrangement facilitated by InfraCredit. The UK-funded Climate Finance Blending Facility (CFBF) invested in the subordinated debt tranche, providing a 7-year fixed-rate local currency debt. The transaction was further supported by InfraCredit’s Construction Finance Warehouse Facility (CFWF), funded by the Nigeria Sovereign Investment Authority (NSIA), to provide short-term liquidity during the construction phase. InfraCredit provided its 'AAA'-rated credit guarantee to enhance the local currency debt issuance, de-risking it for domestic institutional investors. FSD Africa also supported upfront due diligence costs under a technical assistance agreement.
Financing key parameters
Instrument TypeCo-financing / Bond
Credit RatingAAA-Rated (Guaranteed)
Facility SupportCFBF (First-loss)
CurrencyLocal Currency (NGN)
Capital Deployed₦1.70 Billion
Finance architecture
Illustrative transaction structure
Expected impact
A holistic approach to clean energy infrastructure & resilience
The project on completion is expected to electrify approximately 5,156 households and small businesses, create up to 616 temporary and permanent jobs, and avoid approximately 762 tonnes of greenhouse gas (GHG) emissions annually, contributing directly to Nigeria’s universal electrification goals and UN Sustainable Development Goal 7 (Affordable and Clean Energy).
01
Renewable Energy
SDG 7SDG 13SDG 9
Financing clean energy generation to power communities, foster innovation, and drive global climate action.
02
Energy Efficiency
SDG 7SDG 11SDG 13
Optimizing energy consumption in sustainable cities and industrial infrastructure to reduce carbon footprints.
03
Gender Equality & Jobs
SDG 5SDG 8
Empowering women in leadership and creating decent work opportunities across the clean energy value chain.
04
Partnership for Growth
SDG 17
Collaborating with global and local institutions to mobilize capital for sustainable, inclusive development.
Technical Assistance & Support
fsdafricaTechnical Assistance Partner
FSD Africa Support
Funded the upfront due diligence costs for the Project through its technical assistance facility for climate aligned infrastructure bonds established with InfraCredit.
Rating Agency
GCRRATINGS
An Affiliate
of Moody's
Investors Service
of Moody's
Investors Service
Green Verifier
Agusto&Co.
Research, Credit Ratings, Risk Management
Stakeholder testimonials & proof
Community voices & project progress
Project Showcase
First Electric Off-Grid Clean Energy Project
LocationGombe, Nasarawa & Ondo States
Visual portfolio
Shaping a more sustainable tomorrow
Rural retail shops powered for the first time by local clean energy grids.
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Explore alternate cases
Related project commitments
CROSS RIVER STATE•760KW
Challenge & Solution
Rurally isolated farming communities in Cross River state had zero electricity connections. Small businesses suffered from irregular operations, and cocoa drying was dependent on firewood combustion, causing regional deforestation.
Financial Close2025
Private Capital₦1.70 Billion
SDG 7
SDG 13
AKWA-IBOM & BENUE STATES•850kW
Challenge & Solution
Akwa-Ibom and Benue states are prime agricultural hubs, yet farmers suffered from high post-harvest losses (over 40%) due to a lack of power for cold preservation, milling, and value-addition processing.
Financial Close2024
Private Capital₦1.95 Billion
SDG 7
SDG 8
SDG 9
Developer pipeline
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