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Nigeria to Seek US EXIM Loan for Solar Project With Sun Africa

  • Company developing solar projects with state-owned firm
  • Nigeria plans to add solar to its energy infrastructure
Solar panels.

Solar panels.

Photographer: Goncalo Fonseca/Bloomberg

Nigerian authorities will seek credit from the US Export–Import Bank to fund a solar power project being developed by Sun Africa LLC, a renewable energy provider, according to the company.

The unit of Urban Green Technologies LLC is developing solar power facilities for Nigeria’s Niger Delta Power Holding Co. The projects, which have passed through feasibility studies, technical analysis and land-permitting phases in the past two years, are due for loan processing with the export credit agency, Adam Cortese, chief executive officer at the US-based Sun Africa said in an email.