Business

Chapel-Hill Denham closes $7.4 million securitised financing for off-grid solar projects in Nigeria 

Chapel Hill Denham has successfully concluded a $7.4 million (N10 billion) securitized financing deal for off-grid solar projects across Nigeria with d.light, a leading supplier of household products and affordable financing solutions for low-income families. 


This injection of funds, sourced from Chapel Hill Denham’s Nigeria Infrastructure Debt Fund, is earmarked for the expansion of d.light’s Pay-Go service. This initiative focuses on offering low-cost, solar-powered products designed specifically for low-income households, aiming to improve access to sustainable and affordable energy solutions. 


The financing agreement was structured and is backed by African Frontier Capital, which also plays a pivotal role as the master servicer and backup servicer in this financial arrangement, ensuring a robust framework for the transaction.