Sun King, the world’s largest off-grid solar company, secured financing from a World Bank-backed program to boost electrification in Nigeria, which has the largest number of people without power.
The company secured a naira-denominated loan of $80 million from the International Finance Corp. and Stanbic IBTC Bank Ltd., it said in a statement on Thursday, May 15, according to a report in Bloomberg earlier today.
It’s the largest local-currency facility for energy access in West Africa to date.
