Financial institution iSwiss Bank has committed €647 million to fund a 570 MW solar park in southwestern Nigeria, spanning 164 hectares. Ongoing negotiations with the Nigerian government could lead to construction starting soon.
The investment was secured through a securitization process on the London Stock Exchange, with iSwiss Bank underwriting part of the bonds, reflecting its commitment to Nigeria’s economic growth.
iSwiss Bank CEO Christopher Aleo commented: “Nigeria holds immense development potential. We are honored to be involved and look forward to collaborating with the government to strengthen banking infrastructure across West Africa.”
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Anne Laure Klein
Anne-Laure Klein works as a field editor for Energy Capital & Power.
She graduated in Political Science with a Master’s degree in International Relations and geopolitics. Before joining ECP, she worked as a Senior Account manager for International Tech and Energy companies. She is from French, Syrian and Italian descent, and fluently speaks English, French, Spanish and Italian. On a personal level, she is a seasoned traveler and has visited more than 110 countries.
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