March 25

The Climate Innovation Fund and Microsoft Invest $18 Million in Clean Energy Trading in Nigeria

By Jean Marie Takouleu

The Climate Innovation Fund of US IT giant Microsoft and Climate Fund Managers (CFM) are investing $18 million in Konexa, a renewable energy trader based in London, UK. This investment covers its activities in Nigeria.

UK-based Konexa obtained its renewable energy trading licence from the Nigerian Electricity Regulatory Commission (NERC) in June 2023. As part of the development of its activities in Nigeria, the company, based in London, UK, has raised funds that have attracted two investors.

Photo courtesy of David Monje.

Source: Afrik 21 (link opens in a new window)

Energy, Technology
climate change, corporations, renewable energy, rural development, solar