First Electric, a top solar energy provider in Nigeria, has signed a landmark cooperation agreement with the Renewable Energy Association of Nigeria (REAN) aimed at expanding access to solar energy components under more affordable and flexible terms for Nigerian businesses and households.
The partnership, announced ahead of the rollout in June 2025, will see First Electric supply REAN members with premium-quality solar panels, inverters, and lithium batteries, all compliant with industry standards and backed by strong warranties. Importantly, these products will be made available on a 30-day deferred payment plan, easing the financial burden of upfront capital costs.
Daniel Komolafe, Managing Director of First Electric, said the agreement is a major milestone in Nigeria’s push toward energy sustainability. “This partnership aligns with our commitment to expanding access to clean energy solutions by eliminating financial and logistical barriers,” Komolafe said. “By working with REAN, we can ensure that more businesses and individuals have access to reliable solar technology, fostering energy independence and economic growth.”
REAN, the umbrella body for renewable energy stakeholders in Nigeria, echoed this enthusiasm. Dr. Oluwatosin Akande, Executive Secretary of REAN, said the collaboration will help bridge Nigeria’s energy access gaps by accelerating the deployment of Distributed Renewable Energy (DRE) solutions.
“Providing our members with easier access to high-quality RE systems while lowering upfront capital expenditure and easing liquidity constraints will hasten deployment of solutions to underserved areas,” Akande stated. “This agreement is a defining step in bridging Nigeria’s energy access gaps using sustainable measures and innovations.”
This development comes at a time when Nigeria is actively seeking to reduce dependence on fossil fuels, curb emissions, and diversify its energy sources. Industry watchers believe the partnership could set a precedent for future collaborations between private sector energy providers and industry associations in tackling the country’s energy challenges.
By improving access to financing options and ensuring a reliable supply of solar technology, the agreement is expected to catalyse growth in Nigeria’s renewable energy market, especially among small- and medium-scale enterprises, energy startups, and residential users.
Already, stakeholders have welcomed the deal, citing its potential to foster more inclusive participation in the energy transition, particularly among off-grid and underserved communities.
The deferred payment plan is seen as a practical solution for operators who often face difficulty accessing affordable capital to scale their energy offerings. It is also likely to improve the bankability of solar projects and reduce delays associated with fundraising and procurement.
With Nigeria’s energy demand growing steadily, and large swathes of the population still without reliable access to electricity, First Electric and REAN’s move represents a significant boost to distributed energy access, job creation, and economic resilience
