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Eauxwell Nigeria secures $220M backing for SHINE solar project to deliver 100MW across Enugu State. The initiative combines equity, loans, and grants through a phased rollout starting with a $22M first phase.
Amount Raised
$220 Million
Round Type
Venture
Enugu StateEnergyRenewable EnergySolarInvestors
Description
Eauxwell Nigeria Limited received backing from Enugu State Government for a $220 million solar power project called SHINE (Solar Hybrid Interconnected Networks for Enugu). The project aims to deliver 100 megawatts of electricity to households, businesses, and communities across the state over three years. The first phase will develop a 10-megawatt solar plant in the Eha-Amufu and Owo cluster, requiring an estimated $22 million. The financing model combines equity, loans, and grant funding through the Rural Electrification Agency (REA).
Fundz sees it the moment Eauxwell Nigeria Limited raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Eauxwell Nigeria Limited raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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