{"id":167315,"date":"2025-06-21T22:40:00","date_gmt":"2025-06-21T21:40:00","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry"},"modified":"2025-06-21T22:40:00","modified_gmt":"2025-06-21T21:40:00","slug":"low-energy-financing-worries-industry","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/low-energy-financing-worries-industry","title":{"rendered":"Low energy financing worries industry"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span><b>By Kingsley Jassi:<\/b><\/p>\n<p>The country\u2019s clean energy transition faces headwinds as the financial sector is yet to fully respond to calls to catapult the industry\u2019s development.<\/p>\n<p>This is according to the Renewable Energy Industry Association of Malawi (Reiama).<\/p>\n<p>The current power sector compact indicates that Malawi needs an additional 848 megawatts of renewable energy by 2030 to add 1.1 million people and move the access rate from 25.9 percent to 70 percent.<\/p>\n<p>With this requiring about $5.5 billion, the country\u2019s renewable energy stakeholders in both the public and private sector have a huge task to mobilise resources, develop renewable energy solutions and create a sustainable ecosystem.<\/p>\n<p>However, Reiama President Brave Mhone said after signing the partnership agreement in Lilongwe that much of the financing of renewable energy projects was foreign, challenging the local financial sector to step up and finance the energy transition.<\/p>\n<p>\u201cThis partnership is a step towards addressing the financing gap that has existed in the industry and we will work closely with the bank to come up with mechanisms that will see firms getting financing,\u201d Mhone said.<\/p>\n<p>Meanwhile, the association has secured a partnership with NBS Bank in a deal described as a game-changer.<\/p>\n<p>NBS Bank Head of Government Business and International Organisation Melvin Donga acknowledges the huge financing opportunities in the energy sector, saying this requires the banks to work with established institutions that have clear strategies that make economic sense as it is hard to work with individual investors in the emerging sector.<\/p>\n<p>\u201cThere are resources available for any industry, including that of renewable energy. We just need to understand the strategic goals and we can come in to support their agenda,\u201d Donga said.<\/p>\n<p>It is understood that financial institutions have a paucity of knowledge about the emerging renewable energy industry, hence have not yet developed suitable financing products.<\/p>\n<p>However, under the partnership, the two firms will collaborate to identify investment areas and develop financial products that will respond to the financing needs of renewable energy firms as they proliferate innovative energy solutions.<\/p>\n<p>Malawi\u2019s energy industry is anchored by hydro power infrastructure that is concentrated on the Shire River and plans are aimed at diversifying the sources, with visible efforts in promotion of off grid solar power technologies.<\/p>\n<p>However, there are numerous other potential clean power sources like geothermal and wind, among others where investment is almost nonexistent.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/nigeria\">Nigeria<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. By Kingsley Jassi: The country\u2019s clean energy transition faces headwinds as the financial sector is yet to fully respond to calls to catapult the industry\u2019s development. This is according to the Renewable Energy Industry Association of Malawi (Reiama). The current power sector compact indicates that Malawi needs an additional 848 megawatts of [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":167314,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,254],"class_list":["post-167315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Low energy financing worries industry - Nigeria<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Low energy financing worries industry\" \/>\n<meta property=\"og:description\" content=\"Africa-Press &#8211; Nigeria. By Kingsley Jassi: The country\u2019s clean energy transition faces headwinds as the financial sector is yet to fully respond to calls to catapult the industry\u2019s development. This is according to the Renewable Energy Industry Association of Malawi (Reiama). The current power sector compact indicates that Malawi needs an additional 848 megawatts of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-21T21:40:00+00:00\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Low energy financing worries industry\",\"datePublished\":\"2025-06-21T21:40:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry\"},\"wordCount\":408,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/06\/MohamadReza1750533003.353294.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry\",\"name\":\"Low energy financing worries industry - Nigeria\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/06\/MohamadReza1750533003.353294.jpg\",\"datePublished\":\"2025-06-21T21:40:00+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/06\/MohamadReza1750533003.353294.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/06\/MohamadReza1750533003.353294.jpg\",\"width\":890,\"height\":622,\"caption\":\"Low energy financing worries industry\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/nigeria\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Low energy financing worries industry\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/\",\"name\":\"Africa Press | Nigeria | Homepage\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Low energy financing worries industry - Nigeria","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry","og_locale":"en_US","og_type":"article","og_title":"Low energy financing worries industry","og_description":"Africa-Press &#8211; Nigeria. By Kingsley Jassi: The country\u2019s clean energy transition faces headwinds as the financial sector is yet to fully respond to calls to catapult the industry\u2019s development. This is according to the Renewable Energy Industry Association of Malawi (Reiama). The current power sector compact indicates that Malawi needs an additional 848 megawatts of [&hellip;]","og_url":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry","og_site_name":"Nigeria","article_published_time":"2025-06-21T21:40:00+00:00","author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Low energy financing worries industry","datePublished":"2025-06-21T21:40:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry"},"wordCount":408,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/06\/MohamadReza1750533003.353294.jpg","keywords":["Africa Press","Africa Press-Nigeria","Nigeria"],"articleSection":["all news","Economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry","url":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry","name":"Low energy financing worries industry - Nigeria","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/06\/MohamadReza1750533003.353294.jpg","datePublished":"2025-06-21T21:40:00+00:00","author":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"breadcrumb":{"@id":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry#primaryimage","url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/06\/MohamadReza1750533003.353294.jpg","contentUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/06\/MohamadReza1750533003.353294.jpg","width":890,"height":622,"caption":"Low energy financing worries industry"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/low-energy-financing-worries-industry#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/nigeria\/"},{"@type":"ListItem","position":2,"name":"Low energy financing worries industry"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/nigeria\/#website","url":"https:\/\/www.africa-press.net\/nigeria\/","name":"Africa Press | Nigeria | Homepage","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","url":"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/167315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/comments?post=167315"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/167315\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media\/167314"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media?parent=167315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/categories?post=167315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/tags?post=167315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}