Published 2026-10-30
Lagos solar operators eye FX earnings from clean energy
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A Nigerian company, EF Market Solutions Nigeria Limited, was accredited by the I-TRACK Foundation to issue International Renewable Energy Certificates (I-REC) for Lagos State. The accreditation shifts issuance from a UK firm to a local issuer, and the Lagos Carbon Initiative will initially focus on solar projects, enabling registration and verification of eligible solar facilities.
Accreditation of a local I-REC issuer could enable Lagos solar owners to access international certificate markets and institutionalize verification processes.
Consider: What practical onboarding steps and verification costs should Lagos solar project owners expect to participate in the newly accredited I-REC issuance process?
