Lagos Solar Power Initiative
A 50MW solar farm providing clean energy to 100,000+ homes. Reduces 75,000 tons of CO₂ annually.
Invest in Lagos Solar
Join 847 investors funding this build. Minimum $50, KYC in under 5 minutes.
What you're funding
A utility-scale 50MW photovoltaic farm sited on 120 hectares of leased land in Ibeju-Lekki. Power is sold via a 20-year PPA to the Lagos State Electricity Board, with a take-or-pay clause backed by sovereign guarantee. Investors hold senior debt in the project SPV with quarterly cash distributions.
Project highlights
- 20-year PPA signed with Lagos State Electricity Board
- Tier-1 panels supplied by JinkoSolar with 25-year warranty
- EPC contract awarded to a NERC-licensed contractor
- Grid interconnection studies completed and approved
Project timeline
- Phase 1Due diligence & SPV setupJan 2026
- Phase 2Capital raise openNow
- Phase 3Construction & deploymentQ3 2026
- Phase 4Commissioning & first payoutQ1 2027
Financial structure
- Total project size
- $5.1M
- Target raise
- $2.8M
- Investor share
- Senior debt, 12.5% APR
- Payout cadence
- Quarterly
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's involved
Project your returns
Based on a target return of 12.5% APR over a 36-month tenor. Returns are contractual coupons, not guaranteed yields.
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 sits
A breakdown of how this project is financed. Higher tranches are repaid first from project cash flows.
- 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%
The people running this project
Sponsor operators, the Endeleo trustee and the independent fiduciary safeguarding your capital.
20+ years structuring infrastructure SPVs across West Africa. Former AfDB project finance.
Operator with a 15-year track record delivering energy projects across Nigeria.
FRC-registered fiduciary overseeing cash waterfall, escrow controls and investor reporting.
Live from the deal team
Every milestone, audit and operational change is published here before anywhere else.
- 12 Mar 2026Milestone
Capital raise crosses 50% on schedule
847 investors have committed to Lagos Solar Power Initiative. Construction tender opens next week as planned.
- 21 Feb 2026Operations
EPC contractor selection complete
Three pre-qualified contractors submitted bids. Selection panel includes our independent trustee and an external technical advisor.
- 05 Feb 2026Compliance
Quarterly audit report published
Big-four review of the SPV's escrow account and project accounts is now available in your data room.
Got a question about Lagos Solar?
Send it directly to the trustee. We reply within one business day.
Documents & agreements
Review the full Information Memorandum and sign the Investment Agreement to confirm your subscription. All documents are reference VST-LAGOS--2026.
Information Memorandum
For reviewFull disclosure pack for Lagos Solar Power Initiative: structure, financials, risks, partners and impact reporting.
Investment Agreement
Sign to investSPV subscription agreement governing your investment, payouts and exit rights. Counter-signed by the trustee.
By signing the Investment Agreement you confirm you have read the Information Memorandum, understand the risks, and meet Endeleo's investor eligibility criteria. Electronic signatures are legally binding under the eIDAS Regulation and the US ESIGN Act.
Questions investors ask
How is my capital secured?+
Funds are held in a ring-fenced SPV with an independent trustee. You hold a senior debt position with first claim on project cash flows.
When do payouts start?+
First quarterly distribution is scheduled within 90 days of commercial operation date (currently Q1 2027).
Can I exit early?+
A secondary marketplace will be available 12 months after the raise closes, subject to KYC-verified buyers.
Ready to back this project?
Join 847 investors already participating in Lagos Solar Power Initiative.