From Kayemo News
The Ekiti State Electricity Regulatory Bureau (EKSERB) has formally granted Beeg Energy Nigeria Limited (RC 8322606) provisional admission into its Regulatory Sandbox Programme for a pilot deployment of a Public Virtual Power Plant (PVPP) at the Federal University Oye-Ekiti (FUOYE).
According to EKSERB’s admission letter (EKSERB/ADM:140/125), the approval recognized Beeg Energy’s prefunded, insured, and independently auditable governance system and its integration of blockchain technology via the MRV OS platform, enabling real-time visibility of energy performance, financial reserves, and verified emission-reduction data.
Also, the FUOYE PVPP pilot — a 100 kWp solar-plus-215 kWh battery system powering the university’s main library has been approved by EKSERB to operate at a ₦225 per kWh prepaid-only test tariff.
However, according to Beeg Energy Nigeria Limited’s Chief Executive Officer, Leo-Adegun Favour (CEO), the tariff would directly undercut and out-compete fossil-fuel use for power generation, enabling Beeg Energy to claim verified emission reductions.
Specifically, Leo-Adegun Favour said the pilot was designed to displace and disincentivize the use of the 100 kVA diesel generator previously serving the library with a view to claiming the emissions displaced as part of FUOYE’s Institutional Carbon Vintage.
Financing, he said was through a ₦208 million private, equity-gated Green Bond issued by Beeg Energy NG Ltd and inherited by Beeg Treasury Ltd, the company’s internal Climate Treasury that manages prefunding, insurance, and carbon-finance reserves under Beeg’s constitutional doctrines.
Besides, Prestige Anchor Buyer Launches Africa’s First Institutional Carbon VintageBeeg Energy, announces the Prof. P. T. Adegun (MBBS; FMCS; FACS; FICS; PFCU) Family of Ekiti as the Prestige Anchor Buyer and Custodian of the FUOYE Institutional Carbon Vintage (2026 – 2047) — Africa’s first institution-anchored carbon issuance with certified co-benefits from energy use at underserved public institutions across Africa.
The Adegun Family’s inaugural acquisition establishes the 2025 price floor of USD 200 per tCO₂e, validated through Beeg’s blockchain-linked MRV system.
Under Beeg’s Ethical Solvency Constitution, every underserved public institution partnered with Beeg Energy must be anchored by one distinguished local figure or family whose credibility ensures the integrity of its verified emissions.
Each such family becomes the sole Prestige Anchor Family for that institution.
Price floors are defended by Beeg’s guaranteed buy-back programme and validated by Prestige Anchor Buyers of subsequent partner institutions, creating a continuous, trust-backed valuation chain for Africa’s first reserve-grade carbon credits.
Each first week of January, the Beeg Treasury Oversight Board (TOB) will announce a new, higher indicative price floor, which will then be validated by the next Prestige Anchor Buyer for subsequent vintages.
Prestige Anchor Buyers hold inheritable custodianship rights, symbolizing their foundational role in maintaining local credibility and institutional integrity within Beeg’s clean-infrastructure ecosystem.
According to the Chief Executive Officer of Beeg Energy Nigeria Limited, “each ton of carbon reduced under Beeg is not only scientifically verified but socially trusted.
Our blockchain-backed MRV architecture and Prestige Anchor system guarantee that clean infrastructure in Africa remains grounded in transparency, ethics, and local credibility ”Regulatory Oversight and Next StepsThroughout the 24-month sandbox phase.
EKSERB will monitor Beeg Energy’s compliance and document operational data to inform future regulation of decentralized power delivery.
A Sandbox Performance Report will be published at the conclusion of the pilot, guiding replication across Ekiti State and other Nigerian jurisdictions.
Beeg’s ₦208 million Tranche 0 Green Bond — a private, equity-gated, insured, and prefunded pilot issuance — finances infrastructure, prefunding reserves, and insurance coverage for the FUOYE PVPP under EKSERB supervision.
Beeg Energy NG Ltd is a Nigerian clean-energy and carbon-finance company pioneering community-scale Battery Energy Storage Systems (BESS) and Public Virtual Power Plants (PVPPs).
Projects are financed through insured, prefunded Green Bonds and carbon-backed financing instruments managed by Beeg Treasury Ltd, its internal Climate Treasury.
Every Beeg project operates under blockchain-integrated transparency, linking each energy and carbon transaction to a verifiable public ledger.
Issued by Beeg Energy Nigeria Limited (Beeg Energy NG Ltd)Media Contact: Beeg Energy Communications 📧 contactus@beeg.ng 🌐 www.beeg.ng