A $750 million initiative to provide electricity access to 17.5 million Nigerians.
The Distributed Access through Renewable Energy Scale-up (DARES) project is a $750 million initiative, funded by the World Bank which aims to scale-up Nigeria's energy access gap by providing new or improved electricity supplies to more than 17.5 million Nigerians. DARES is designed to capitalize on the accomplishments of the World Bank-financed Nigeria Electrification Project (NEP).
DARES represents a crucial collaboration between Nigeria and the World Bank. DARES aligns perfectly with Nigeria's ambitious Energy Transition Plan, aiming to transform the nation's energy landscape by expanding access to clean and sustainable power.
The Project Development Objective is to increase access to electricity services for households and MSMEs with private sector-led distributed renewable energy generation. The proposed project is a part of the World Bank’s comprehensive, programmatic engagement in Nigeria’s power sector to help the FGN realize its ambitious Energy Transition Plan (ETP) vision
DARES has been designed to achieve Its Project Development Objectives (PDO) through three main components which includes:
Sales of standalone solar systems
MSMEs to be powered
Mini grids to be deployed
Energy generation to be deployed
Lives to be impacted
Households to be Powered
Female-headed households to be powered