Nigeria’s clean-energy sector is attracting a wave of fresh capital as the country battles persistent power shortages and rising fuel costs.
From solar to mini-grids and battery storage, investors are doubling down on solutions designed to provide reliable, affordable electricity to millions.
In April 2025, Lagos-based Arnergy, which provides distributed solar-plus-storage systems for homes and businesses, closed an $18 million Series B round, which is an extension of a previous $15 million raise. The deal was led locally by CardinalStone
Nigeria’s clean-energy sector is attracting a wave of fresh capital as the country battles persistent power shortages and rising fuel costs.
From solar to mini-grids and battery storage, investors are doubling down on solutions designed to provide reliable, affordable electricity to millions.
In April 2025, Lagos-based Arnergy, which provides distributed solar-plus-storage systems for homes and businesses, closed an $18 million Series B round, which is an extension of a previous $15 million raise. The deal was led locally by CardinalStone