The winners of the 2018 joint All On – United States African Development Foundation (USADF) Off-Grid Energy Challenge were announced at the just concluded Nigerian Off-Grid Energy and Innovators Summit 2018, held at the All On office in Ikoyi, Lagos 17th October 2018.
The Off-Grid Energy Challenge was a joint effort by the USADF and All On to develop, scale-up or extend the use of renewable off-grid energy technologies to reach communities not served by existing power grids.
Through the challenge, USADF provided $50,000 in seed capital, while All On provided $50,000 in convertible debt to selected energy enterprises. In addition to funding, the winners will also receive technical assistance from USADF and governance support from All On.
“We are proud to partner with All On to foster the growth of local enterprises to bring power and connectivity to under-served Nigerians,” said C.D. Glin, USADF’S president and CEO. This partnership combines grant capital with private sector funding to support the selected Nigerian energy enterprises with the means to grow their businesses, increase access to power, and change people’s lives.”
“Congratulations to the winners and organizers of the 2018 Nigeria Off-Grid Energy Challenge,” says Damilola Ogunbiyi, Managing Director/CEO Rural Electrification Agency (REA). “This is a remarkable initiative that demonstrates what we already know – that private sector taking a solution-driven role is the only way to provide sustainable power solutions for Nigerians. The Federal Government of Nigeria (FGN) through the Rural Electrification Agency (REA) is currently replicating this model of private sector driven power projects through the Nigerian Off-Grid Electrification Strategy.”
The All On-USADF collaboration to co-finance innovative Nigerian off grid energy companies is a three-year partnership to seed up to 30 companies in the country over the period. The application window for the 2019 edition of the challenge will open in mid-January 2019.