Financing Source: Output Based Fund for Solar Home Systems (OBF)

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Last edited on 1/03/2023 by Hector Alfaro
(Date format: DD/MM/YYYY)

Key facts

"Output Based Finance = Subsidy that is applied after a pre-determined output has been met and verified. Fixed incentive grants of up to 60% of the system costs. 20% of the grant received will be used to reduce the cost of the end-user product price. Support is supposed to enable financing the required investment in people, training, advertising, processes, and logistics inclusive of gender workforce integration and disaggregation as informed by the government gender program. Grant amount will be fixed individually. Applications for the OBF are on a rolling basis until funds are exhausted. Under the NEP, channeled by REA"

Type of financing

Technology scope

Target beneficiaries

MSME

Geographical scope

Nigeria

Application

Open

URL

https://nep.rea.gov.ng/solar-home-systems/

Further information

https://www.youtube.com/watch?v=NwlQzqthfac

"Open" is not in the list (Application window, Rolling basis, Other) of allowed values for the "FS application" property.