Financial Model Development and Funding Support to Clients:
Financial Modelling and Investment Analysis for Solar Projects
PriVida has extensive experience in developing investment-grade financial models for solar energy projects across Nigeria’s decentralized and utility-scale renewable energy landscape. Our financial modelling work has supported project development, regulatory approvals, grant qualification, and financing for a wide range of solar assets, particularly within nationally and internationally funded electrification programs.
For solar mini-grid projects, PriVida has developed detailed financial models for projects approved under the Distributed Access through Renewable Energy Scale-up (DARES) programme and the Nigerian Electrification Programme (NEP). These models were structured to meet the requirements of the Rural Electrification Agency (REA), development finance institutions, and commercial lenders, incorporating capital expenditure, operating costs, tariff structures, grant components, and long-term cashflow projections. Our work enabled project bankability assessments, debt service analysis, and investment decision-making for grid-connected and isolated mini-grid developments.
PriVida has also delivered financial models for Solar Home System (SHS) deployments under the Nigerian Electrification Programme (NEP), supporting large-scale rollouts aimed at accelerating access to clean energy in underserved communities. These models evaluated customer affordability, PAYG structures, subsidy integration, and portfolio-level returns, ensuring financial sustainability while maintaining social impact objectives.
Across all engagements, PriVida’s financial models include scenario and sensitivity analysis, assessment of regulatory and market risks, and clear financial indicators such as project and equity IRRs, payback periods, and DSCRs. This experience-driven approach ensures our models are not only technically sound but also aligned with real-world financing, policy, and implementation