WiSolar Secures $9 Million Revolving Credit from China for "Climate Zero Initiative" in Nigeria

JOHANNESBURG - Sept. 26, 2024 - PRLog -- WiSolar, a leading solar electricity provider, is pleased to announce it has successfully secured $9 million in revolving credit from Chinese financial institutions to support its groundbreaking "Climate Zero Initiative." This financing will accelerate the deployment of solar electricity across 10 Nigerian states, directly benefiting over 2,600 households and businesses.

The Climate Zero Initiative aims to provide affordable, clean, and reliable solar energy to underserved communities in Nigeria, promoting sustainable development and reducing carbon emissions. Through this initiative, WiSolar will work to alleviate Nigeria's energy challenges, while also contributing to climate action goals.

With the secured revolving credit, WiSolar will focus on scaling its operations, expanding access to renewable energy, and fostering economic growth in regions where electricity access has been limited. This investment not only underscores WiSolar's commitment to a sustainable future but also highlights the growing importance of international collaboration in tackling global climate challenges.

CEO of WiSolar, Tonye Irims, stated, "This revolving credit is a significant milestone for WiSolar and reflects the confidence of our international partners in our mission. We are excited to expand our operations in Nigeria, where the demand for clean, affordable energy is critical for both residential and commercial growth."

The Climate Zero Initiative represents WiSolar's broader vision of achieving net-zero carbon emissions in the regions it serves by utilizing solar technology and innovative financing models. By impacting over 2,600 homes and businesses, the project is expected to provide a model for other African countries seeking renewable energy solutions.

About WiSolar

WiSolar is a solar electricity provider committed to delivering clean, affordable, and reliable energy solutions. With a focus on solar technology, WiSolar strives to empower communities by reducing dependence on fossil fuels and promoting sustainable living across Africa. https://wisolar.co