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The Nigerian Rural Electrification Company (REA) and Canada-based greenhouse gasoline (GHG) discount undertaking developer, CarbonAi, have signed a Memorandum of Understanding (MOU) to develop photo voltaic mini-grid tasks in underserved communities in Nigeria.
Beneath the MoU, REA will establish the potential undertaking places and work carefully with the native communities. CarbonAi will finance, design, and construct the tasks, making use of its carbon finance and experience in undertaking improvement.
These photo voltaic vitality tasks will likely be developed in unserved or underserved communities close to CarbonAi’s flare gasoline seize tasks throughout Nigeria. CarbonAi may even quantify, confirm and monetize GHG emissions reductions utilizing its proprietary information administration platform.
Flaring of gasoline is a standard observe in oil and pure gasoline actions, however it generates excessive ranges of GHGs and different dangerous pollution. This typically creates native air and water high quality points. Nigeria is third among the many international locations with the very best variety of gasoline flares, however the nation has vowed to eradicate the observe of gasoline flaring by 2025.
Many communities in Nigeria’s high-flaring areas presently do not need entry to dependable electrical energy. REA and CarbonAi imagine that their latest collaboration is a major step in offering dependable renewable vitality to those communities whereas bettering native air high quality related to gasoline flaring.
CarbonAi’s Chief Carbon Officer, Yvan Champagne, commented, “We’re sturdy believers in win-win outcomes, and we imagine our Local weather Dividend Programme captures the spirit of the vitality transition by leveraging instant reductions in immediately’s vitality system to construct the vitality system of tomorrow in Nigeria.”
Ahmad Salihijo Ahmad, MD/CEO of Nigeria’s Rural Electrification Company, stated their collaboration with CarbonAi is well timed and solution-driven. The photo voltaic off-grid market in Nigeria is present process commendable progress. This step is one other strategic and revolutionary measure to finance climate-resilient infrastructure within the nation together with assuaging vitality poverty.
The REA is an implementation company of the Nigerian Authorities beneath its Ministry of Energy. It primarily goals to advertise and enhance electrical energy entry in unserved and underserved rural communities throughout the nation.