By Esther Onyegbula

In a major push to fast-track Nigeria’s transition to clean energy, First Electric, a leading solar solutions provider, has entered into a strategic partnership with the Renewable Energy Association of Nigeria (REAN) to offer REAN members high-quality solar components under a deferred payment plan.

The deal, formalized through a cooperation agreement signed in Lagos, will enable REAN’s network of renewable energy operators to access top-tier solar panels, lithium batteries, and inverters from First Electric with a flexible 30-day deferred payment window starting at the end of June 2025. The move is aimed at lowering capital barriers and accelerating the deployment of decentralized renewable energy (DRE) systems across the country.

“This partnership aligns with our commitment to expanding access to clean energy solutions by eliminating financial and logistical barriers,” said Engr. Daniel Komolafe, Managing Director of First Electric. “By working with REAN, we can ensure that more businesses and individuals have access to reliable solar technology, fostering energy independence and economic growth.”

The partnership comes at a time when Nigeria continues to face critical energy access challenges, with millions still off the national grid. Stakeholders say the agreement could be a turning point in scaling up renewable energy projects, especially in underserved and off-grid communities.

Under the terms of the agreement, REAN will play a central role in the execution of the plan. The association will manage product requests, issue reference letters, and vet applications to ensure only qualified and financially responsible members benefit from the scheme.

“Providing our members with easier access to high-quality RE systems while lowering upfront capex costs and easing liquidity constraints will hasten the ability of operators to deploy DRE solutions across Nigeria,” said Dr. Oluwatosin Akande, Executive Secretary of REAN. “This agreement is a defining step in bridging Nigeria’s energy access gaps using sustainable measures and innovations.”

The cooperation agreement is effective for an initial period of one year, with a possibility for renewal. Both organizations emphasized their commitment to transparency, product quality, and continued improvement in service delivery as they work to meet Nigeria’s renewable energy targets.

Industry experts view the partnership as a vital model for public-private collaboration in addressing Nigeria’s energy deficit and unlocking the potential of its renewable energy market, projected to be one of the fastest-growing in sub-Saharan Africa.