GREEN GUIDE EMEA 2023: Nigeria
Full-service law firm Templars in Nigeria established a core energy transition team to assist clients with green initiatives and decarbonisation strategies that work toward Nigeria’s 2060 net-zero target, providing particular expertise across renewable energy projects, electrical infrastructure, and sustainable financing.
Active in innovative renewable energy mandates, the firm is advising on the development of the first floating solar plant in Nigeria. The project, anticipating a 100 MW short-term capacity with the potential to scale-up in future, provides a significant renewable energy supply amid the expansion of Nigeria’s electricity capacity.
Helping accelerate the adoption of clean energy across Africa, the firm advised renewable energy holding company Dogstar Mauritius on its indirect acquisition of a 50% stake in Kenyan renewable and energy efficiency project developer Premier Solar Solutions. It also assisted the Oyo State Ministry of Energy and Mineral Resources with the conceptualisation, design, and development of a hybrid solar- and gas-fired independent power plant and distribution network, which will provide power to state and industrial consumers.
Another client is Rovingheights Nigeria Limited, the implementing entity of the Nigeria Off-Grid Market Acceleration Program, regarding the financing of productive use technologies in the Nigerian power sector. The programme provides funding to mini-grid developers, who offer communities an electricity provision which can help decarbonise the domestic generation of energy.
The firm also regularly assists with the financing of climate-friendly solutions, such as advising Starsight Energy Group as borrower on a long-term Naira facility, which will provide funding for the client’s provision of solar-hybrid energy solutions for commercial and industrial customers; and acting for BlueOrchard Microfinance Fund as lender on a loan which will support investment in renewable energy.
Sharing its knowledge of the green transition with clients, the firm produces newsletters on topics including local implications of global ESG regimes and opportunities within Nigeria’s Climate Transition Plan.