InfraCredit has provided a local currency guarantee to support debt financing for CEESOLAR’s renewable energy project in Nigeria, marking a major step in mobilising domestic capital for clean infrastructure.
The transaction allows CEESOLAR to raise long-term funding in naira, reducing foreign exchange exposure and strengthening the financial sustainability of its operations. InfraCredit’s intervention reflects its mission to de-risk infrastructure investments and attract local institutional investors to sectors vital for economic growth.
According to InfraCredit, the guarantee structure not only supports CEESOLAR’s expansion but also aligns with Nigeria’s Energy Transition Plan, which seeks to achieve net-zero emissions by 2060 through increased renewable generation. The deal highlights the growing role of blended finance models in bridging Africa’s infrastructure financing gap.
CEESOLAR’s project focuses on delivering reliable solar energy to underserved communities and commercial customers, contributing to cleaner, more stable power supply nationwide. By leveraging local debt markets, the company gains access to sustainable financing that aligns with its long-term growth strategy.
Analysts note that local currency financing is increasingly critical in Nigeria, where dollar shortages and exchange rate volatility have hindered large-scale project execution. InfraCredit’s guarantee mitigates these risks and encourages pension funds and domestic investors to participate in infrastructure projects previously deemed too risky.
The partnership is part of InfraCredit’s broader goal to strengthen Nigeria’s infrastructure ecosystem through credit enhancement, transparency, and private sector collaboration. In recent years, the firm has supported several renewable and off-grid energy ventures, expanding access to clean power and promoting financial inclusion.
Energy experts believe this initiative could serve as a model for scaling renewable investments across Africa, proving that well-structured local finance can accelerate the continent’s green transition. InfraCredit’s growing portfolio underscores how local capital can be mobilised to meet both climate goals and national development priorities.