Client:

Trust Synergy Infrastructures

Country:

Nigeria

Year:

2017 – ongoing

Description:

Trust Synergy Infrastructures Limited (TSIL) is a renewable energy developer working on a portfolio of opportunities mainly in Kano State, Nigeria.  TSIL currently has a pipeline consisting of over 50 MW of off-grid renewable energy projects. In 2017, TSIL retained GreenMax as an advisor to raise funds for the implementation of its pipeline of projects.  The first project GreenMax is supporting is for the Kano Economic City (KEC), a 117-hectare off-grid market being developed by Brains & Hammers (B&H) under a Joint Venture Agreement with the Kano State Government.

In 2018, with support from GreenMax, TSIL signed an MOU outlining the commercial terms for supplying up to 10MW of hybrid solar power to the Kano Economic City (KEC) complex. In 2019, GreenMax helped TSIL secure an investment partnership with Empower New Energy, an Africa-focused C&I sector specialist investment fund backed by two public development finance institutions – EU ElectriFI and Norfund – as well as several private Norwegian investors. In 2020, GreenMax supported TSIL and Empower to close out PPA negotiations, finalize the first phase of project design, complete the ESIA to secure all permits and proceed with construction of the initial 1MW power plant.

Conceptions of the Kano Economic City (KEC) Project, a 117-hectare off-grid market being developed by Brains & Hammers (B&H) under a Joint Venture Agreement with the Kano State Government in Nigeria. GreenMax is advising the project developer, Trust Synergy Infrastructures Limited (TSIL), who signed an MOU with B&H outlining the commercial terms for supplying up to 10MW of hybrid solar/storage power to the KEC complex as the development is completed. GreenMax is also supporting TSIL with development of other off-grid renewable energy projects in its pipeline, mainly in Kano State.