SECURING CLEAN AND AFFORDABLE ENERGY

The partnership between FSD Africa and Infrastructure Credit Guarantee Company Limited (InfraCredit) has facilitated 1.6 billion Naira in local funding for DarwayCoast, a Nigerian solar power company. This support has enabled the deployment of six solar mini-grid projects across Abia and Rivers States, which are expected to produce 541.76 kW of solar energy and connect 7,711 households by September 2023. The initiative addresses the high cost of capital for greenfield infrastructure, where local interest rates can reach 27%, and includes a focus on gender inclusion through InfraCredit's gender action plan.

• The collaboration between FSD Africa and InfraCredit has provided 1.6 billion Naira in local funding to DarwayCoast to scale solar mini-grids for climate change mitigation.
• By September 2023, DarwayCoast's six mini-grid projects in Abia State (two sites) and Rivers State (four sites) were expected to connect 7,711 households and produce 541.76 kW of solar energy.
• Greenfield infrastructure projects in the region face significant financial barriers, including local interest rates as high as 27%.
• The project has created employment for 227 people, consisting of 196 males and 31 females.
• InfraCredit utilizes a gender action plan to promote inclusion in project design and has achieved an internal gender ratio of 48% women.

APA

FSD Africa (n.d.). SECURING CLEAN AND AFFORDABLE ENERGY. https://fsdafrica.org/wp-content/uploads/2025/05/FSD-Africa-Impact-InfraCredit-20.09.2024.pdf

Chicago

FSD Africa. SECURING CLEAN AND AFFORDABLE ENERGY. n.d. https://fsdafrica.org/wp-content/uploads/2025/05/FSD-Africa-Impact-InfraCredit-20.09.2024.pdf.

Wikipedia

{{cite report |author=FSD Africa |title=SECURING CLEAN AND AFFORDABLE ENERGY |url=https://fsdafrica.org/wp-content/uploads/2025/05/FSD-Africa-Impact-InfraCredit-20.09.2024.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{fsdafricandsecuring, author = {{FSD Africa}}, title = {{SECURING CLEAN AND AFFORDABLE ENERGY}}, institution = {FSD Africa}, url = {https://fsdafrica.org/wp-content/uploads/2025/05/FSD-Africa-Impact-InfraCredit-20.09.2024.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }