Company description
SAF-AGA Renewable Energy Limited is one of the first Renewable Energy Service Companies (RESCOs) instituted by the Rural Electrification Agency in Nigeria, delivering large-scale solar minigrids and productive use energy (PUE)solutions to rural and underserved communities and businesses across the country. We design, deploy and operate solar solutions that provide reliable, affordable electricity while enabling income generation for these agricultural communities through our PUEs systems.
With over 746 kW of installed capacity, 720+ connections, and 15 PUE systems deployed, we have impacted more than 5000 lives while avoiding 2500 t of CO2 emissions. Our scalable Energy-as-a-service model combines tariff-based electricity sales and equipment leasing to ensure long-term sustainability.
We are currently building a 1.4MW of minigrid portfolio and have a target of 10MW by 2030, to drive economic growth, climate impact and energy access in Nigeria
Team
SAF-AGA is led by a multidisciplinary team with deep expertise in renewable energy, finance, and project development. The leadership team brings over 40 years of combined experience across energy systems, business development, and financial management, with a strong track record in delivering impact-driven infrastructure projects in Nigeria. Our technical team specializes in mini-grid design, solar PV systems, and smart energy solutions, while our commercial and operations teams drive community engagement, demand stimulation, and long-term asset performance. The company is supported by an experienced Board of Directors with backgrounds in banking, taxation, human capital development, and gender-inclusive agri-food systems, providing strong governance and strategic oversight. We also collaborate with EPC contractors, financial institutions, and development partners to ensure efficient project execution and scalability.
Countries of operation
Nigeria
Ownership of company
Nigeria
Year of incorporation
2026
Number of years since incorporated
0
Project pitch
SAF-AGA Renewable Energy Limited is developing an integrated portfolio of solar hybrid mini-grids and productive-use energy (PUE) assets in Nigeria with a focus on the Niger Delta, targeting Delta State (PUE deployment) and Bayelsa State (mini-grid electrification).
Phase 1 includes the deployment of 7 mini-grid sites and 259 PUE assets, including cold storage systems and agro-processing equipment such as milling machines. The project is designed to address both energy access and demand stimulation by linking a reliable electricity supply with income-generating activities for households and small businesses.
We are seeking €856,000 in equity to finance the first phase of mini-grid development, alongside €4.5 million in debt financing for large-scale PUE deployment. The model combines tariff-based electricity sales, equipment leasing, and power purchase agreements to generate stable and diversified revenue streams.
The project builds on SAF-AGA’s existing operational track record, with installed capacity, active customer connections, and deployed PUE systems demonstrating technical and commercial viability.
This investment provides exposure to a scalable distributed energy platform with strong unit economics, clear expansion potential, and measurable development impact, including increased rural productivity, job creation, and emissions reduction. We are open to equity investment, debt partnerships, and technical collaboration to accelerate execution.
Type of Project:
Distributed Renewable Energy – Solar Hybrid Mini-Grids and Stand Alone Productive Use Equipment (PUE)
Stage of project
Expansion Stage ($2M Secured for Phase 1 of the minigrid deployment and Prequalified for World bank DARES grant )
Total project cost (in EUR)
€7,066,220
Annual revenue (in EUR)
250.000-500.000 EUR
Number of employees
Between 10 and 50 employees
Financing needs (in EUR)
€5,356,000
Type of financing needed
856KEuro Equity and 4.5M Euro Debt
Planned allocation of fundraising capital
Funds will be allocated as follows: €3,749,200 (70%) to generation assets, including solar PV systems, PUE equipments, battery storage, and backup infrastructure; €1,071,200 (20%) to distribution assets, covering network infrastructure, metering, and connections; and €535,600 (10%) to project development and financing costs, including design, permitting, transaction structuring, and project management.
Website/URL
https://safagaenergy.com
