Adamawa, REA To Unlock $1.9b Investment Through 300MW Solar PV Farm
The Adamawa State Government has signed a partnership agreement with the Rural Electrification Agency (REA) to attract a $1.9 billion investment through the development of a 300MW solar photovoltaic (PV) farm.
The project’s potential will also create 40,000 new jobs, spanning various sectors, including engineering, construction, logistics, and maintenance.
Additionally, local businesses and industries will benefit from improved energy access, fostering economic resilience and sustainable development in Adamawa.
Governor Ahmadu Fintiri who announced the initiative on Monday via his official X handle, said the move is aimed at expanding renewable energy access and boosting the local economy.
The proposed 300MW solar PV farm is expected to significantly enhance Adamawa’s electricity supply, reducing dependence on fossil fuels while promoting clean energy adoption.
The initiative aligns with Nigeria’s broader goal of achieving net-zero emissions by 2060 and diversifying its energy mix.
Fintiri emphasised that the project would catalyze economic growth in Adamawa, attracting foreign direct investment (FDI) and supporting industrialisation efforts in the state.
“With a planned 300MW solar PV farm and the potential to attract $1.9 billion in investment, this initiative will create 40,000 jobs and boost our economy,” Fintiri stated.
The Rural Electrification Agency (REA), a federal government agency tasked with improving electricity access in underserved areas, will play a critical role in executing the project.
By leveraging public-private partnerships (PPP) and mobilising private sector investments, the agency aims to bridge Nigeria’s energy access gap while accelerating rural electrification.
This partnership builds upon the REA’s previous successes in deploying off-grid solar solutions, mini-grids, and rural electrification projects across the country, ensuring that remote communities gain reliable and affordable electricity access.
Beyond employment generation, the project will enhance energy security, lower electricity costs, and drive industrial growth, positioning Adamawa as a leading hub for renewable energy investments in Nigeria.
