Nigerian Finance Training Programme on Solar and Energy Efficiency

Scholarship Programme
August - October 2020



Project background

Renewable energy (RE) technologies for power generation and energy efficiency (EE) technologies and measures for an efficient use of available electricity offer significant untapped and economic business opportunities in Nigeria. However, these technologies typically require higher upfront investments than conventional technologies - and the cost of these upfront investments are compounded by the current double-digit interest rates on loans prevailing in Nigeria. High financing costs reflect a high level of risk, including perceived risk due to unfamiliarity of numerous stakeholders with RE and EE technologies.

This issue is the focus of the project “Access to Finance for Upscaling RE and EE for Buildings and Industries in Nigeria” (‘the Project’) within the Nigerian Energy Support Programme (NESP) II. NESP is a technical assistance programme co-funded by the German Federal Ministry for Economic Cooperation and Development (BMZ) and the European Union (EU) and implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH in collaboration with the Nigerian Federal Ministry of Power (FMP).

The Project involves developing financing schemes and de-risking mechanisms for RE and EE investments, and providing capacity building support to financing institutions, RE/EE developers and consultants, and government agencies for developing and accessing these schemes and mechanisms.   

The Nigerian Finance Training Programme on Solar Energy and Energy Efficiency aims to provide the background knowledge and specific skills to stakeholders from the private, public, and finance sectors to access or provide finance for RE and EE investments.

This training programme is developed and conducted by the Renewables Academy (RENAC) with support of Castalia.


Katharina Hartmann
Renewables Academy (RENAC)
Project Director Renewable Energy and Energy Efficiency Finance
Tel: +49 (0)30 58 70870 24

Ene Sandra Macharm
Nigerian Energy Support Programme (NESP)
Head of Unit Enabling Environment
Tel:  07052183838

Programme snapshot

Training programme duration

  • Online Training: 10 August – 27 September
  • F2F Training: 3 days in Lagos or Abuja in October (exact dates and venue tbc)*

Estimated study time

  • 8 - 12 hours per week during the online training phase

Application deadline

  • 19 July 2020


  • Course fees are covered by the scholarship for trainings
  • Travel cost to F2F seminar location not included
For details on training content please consult the programme brochure for comprehensive course overview.

*Participants can choose whether to attend in Lagos or Abuja. Should travelling restrictions persist due to Covid-19, an equal virtual seminar will be offered.

Training topics and concept

The trainings are offered from 10 August to end of October 2020 as a blended learning concept which is a mix of online trainings, webinars and face-to-face trainings. The format of blended learning is designed to allow participants to study the contents in their own time and pace as the courses are online for a time frame of six full weeks. This concept allows a maximum flexibility on the learning time while securing learning success through exams as a precondition for the certificate. We will cover Renewable Energy (RE) with a focus on photovoltaics and Energy Efficiency (EE).

The training structure is the same for all three target groups, while the training content is customised to the respective target group. The content covers both RE and EE; but participants that wish to learn about RE only or EE only will have the option to choose between both for the online trainings and webinars. The 3-day face-to-face training will cover both technology areas, RE and EE.

* Participants can choose whether to attend in Lagos or Abuja. Should travelling restrictions persist due to Covid-19, an equal virtual seminar will be offered.


Objectives of the training programme

The overall objective of the training programme is to increase the market development of renewable energy, especially photovoltaics and energy efficiency through capacity building of main actors. Specific objectives are:

  • To disseminate knowledge on the economic feasibility of investments in RE and EE within buildings and industries.
  • To inform stakeholders about the steps for RE and EE project development.
  • To encourage finance institutions to build up new business lines for financing RE and EE projects.
  • To enable finance institutions to conduct due diligence and mitigate financial risks of RE and EE investments.
  • To support consulting firms, project developers, and entrepreneurs in developing bankable project proposals that are suitable for funding.
  • To help relevant Ministries, Departments, and Agencies (MDAs) understand the financing schemes, and how to support the development and implementation of these schemes.

Target groups - Who can apply?

Management and employees from the following target groups can apply:

The training programme is developed for the two technology areas energy efficiency and solar technologies and focuses on economics and finance. The training programme has been tailored towards the different training needs of the private and the finance sector.

Successful applicants will be granted a free scholarship by NESP for participation in the RENAC training programme.

You will be informed about the outcome of the selection process by RENAC by email.

For the scholarship programme please apply here.


This programme was open for application until 19 July 2020 only.

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