Olaniwun Ajayi LP (OALP or the Firm) proudly announces its advisory role to Konexa on the development, construction and financing of a renewable energy project. The Konexa renewable energy project will supply 100% renewable energy to two brewery sites of Nigeria Breweries PLC (NBP), the pioneer and largest brewery company in Nigeria.
How the project supports net zero
The project matches Konexa’s commitment to transforming Nigeria’s energy system and advancing sustainable energy. It should hasten Nigeria’s progress towards net zero emissions by 2060, as the Nigerian Energy Transition Plan outlines. It also marks a shift from a mainly fossil fuel-based power sector to one that renewable energy powers. The project expects to cut around 78,000 tons of carbon dioxide emissions each year.
What the project delivers
Once complete, the project will bring Nigeria closer to carbon neutrality. It will do so by encouraging energy conservation, lowering energy costs and cutting carbon emissions from fossil fuel use. In addition, the project helps integrate renewable energy into the national grid. It also plays an essential role in decarbonising the commercial and industrial sectors, and it promises to give these sectors the stable electricity they need for growth and productivity.
Our role
Olaniwun Ajayi is honoured to be part of this landmark project from inception. We look forward to continuing our partnership with Konexa as it works to transform the power sector in Nigeria and serve all customers with 24/7 clean energy.
For related reading, see our note on the Blackrose methanol project financing and our Oil & Gas 2025 wrap-up and 2026 outlook. To read the full deal announcement, use the download button below.
