What this project will fund
A 50MW solar farm providing clean energy to 100,000+ homes and businesses.
A utility-scale 50MW photovoltaic farm sited on 120 hectares of leased land in Ibeju-Lekki. Power will be sold via a 20-year PPA to the Lagos State Electricity Board, with a take-or-pay clause backed by sovereign guarantee. Investors will hold senior debt in the project SPV with quarterly cash distributions once the subscription opens.
Project highlights
- 20-year PPA under final review with Lagos State Electricity Board
- Tier-1 panels to be supplied by JinkoSolar with 25-year warranty
- EPC contractor selection in progress
- Grid interconnection studies completed and approved
Project phases
- Phase 1Due diligence & SPV setupUpcoming
- Phase 2Investor subscription opensUpcoming
- Phase 3Construction & deploymentUpcoming
- Phase 4Commissioning & first payoutUpcoming
Financial structure
- Total project size
- $5.1M
- Indicative raise
- $2.8M
- Investor share
- To be confirmed at launch
- Payout cadence
- Quarterly (post commissioning)
How we mitigate risk
- Construction delay risk mitigated by 10% retention and liquidated damages clause.
- Currency risk hedged via USD-denominated PPA tariff.
- Equipment performance backed by manufacturer warranty and O&M contract.
Who we're in conversation with
The organisations below are being considered as partners and counterparties for this project. None of these relationships are finalised — they represent the shortlist we are actively engaging as the project moves toward launch.
Project your returns
Based on an illustrative return of 10% APR over a 36-month tenor. Final terms will be confirmed when subscription opens.
Charts update live as you adjust the investment amount.
Illustrative only. Actual returns depend on project performance and the SPV's cash waterfall.
Where your slice will sit
A breakdown of how this project is expected to be financed. Higher tranches are repaid first from project cash flows once distributions begin.
- Diaspora senior debt← your tranche55%
- Sponsor equity25%
- Grant / concessional20%
How the raise is deployed
Every dollar is allocated against a line item in the project budget, audited quarterly.
- PV modules & inverters42%
- Civil works & mounting22%
- Grid interconnection14%
- Land lease & permits8%
- Contingency & working capital14%
Questions investors ask
How will my capital be secured?+
Once the raise opens, funds will be held in a ring-fenced SPV with an independent trustee. Investors will hold a senior debt position with first claim on project cash flows.
When will payouts start?+
First quarterly distribution is targeted within 90 days of the commercial operation date, currently scheduled for Q1 2027.
Will I be able to exit early?+
A secondary marketplace is planned 12 months after the raise closes, subject to KYC-verified buyers and trustee approval.
Be first in line for Lagos Solar Power Initiative
This project is currently in development. Join the waitlist to be notified the moment investor subscription opens.