Olaniwun Ajayi has advised the Chapel Hill Denham Nigeria Infrastructure Debt Fund — the first listed infrastructure debt fund in Africa — on its NGN1.8 billion (c. US$4.7 million) debt financing of Havenhill Synergy Limited, for the construction of solar mini-grids across twenty-two (22) communities across Oyo and Kwara States in Nigeria, under the Nigerian Electrification Project managed by the Rural Electrification Agency.
The project, which in terms of scale is one of the largest of its kind and is the first phase in a series of renewable mini-grid projects being undertaken by the Havenhill team, is expected to significantly contribute towards the provision of renewable, clean and reliable power supply to rural unserved and underserved communities in Nigeria.
We are pleased to have been involved with this project, which demonstrates our continuing commitment to supporting the steady growth of renewable energy in the Nigerian electricity sector.
