Gigawatt Global $500m Nigerian University Solar Financing

At the launch of the Tinubu Light Initiative in Abuja, Yosef Abramowitz, CEO of Gigawatt Global, announced plans to provide up to $500 million in project financing for solar power plants at Nigerian universities. The funding would cover up to 90% of project costs, subject to bankable power purchase agreements and milestones. Each plant is expected to generate 10-20 MW, supplying campuses and surrounding rural communities via prepaid metering. The initiative aims to reduce diesel dependence, lower energy costs, and boost local manufacturing and jobs. It aligns with Nigeria's Tinubu Light Initiative to expand renewable energy and support one million MSMEs.