Odyssey Energy Secures USD 7.5 M From BII For Nigerian Solar Mini-Grids

Renewable energy platform Odyssey Energy Solutions has secured a USD 7.5 M funding facility from British International Investment (BII), the UK’s development finance institution. The investment will accelerate the deployment of solar mini-grids across Nigeria, tackling a critical energy access challenge where 90 million people lack reliable electricity.

The funding supports Nigeria’s DARES program—a government initiative backed by the World Bank—aiming to provide power to 17.5 million Nigerians via 1,500 solar mini-grids and 1.5 million solar home systems. Odyssey’s digital platform streamlines project management, equipment financing, and real-time monitoring for developers and the Rural Electrification Agency (REA).

“BII’s support helps us offer flexible financing to scale clean energy access,” said Piyush Mathur, Odyssey Co-Founder.