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Nigeria has a mini power grid market that is worth $9 billion annually, which is the largest in the world, the CEO of PyroGenesys Ltd, Simon Ighofose, has said.
Citing a survey by the African Development Bank (AfDB), Ighofose said, “51 per cent of the Nigerian population lives in rural areas far from the national grid. This means there are over 80 million people in Nigeria’s rural areas without access to power. He also noted that Nigeria produced 25 tons of cassava, rice and maize wastes yearly which can generate 18 terawatts hour of renewable energy equivalent to 2000 megawatts daily. More details at: https://dailytrust.com/nigeria-has-n3-2tr-mini-grid-market-largest-globally
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Although richer nations continue to push for the abandonment of fossil fuels, the demand for energy in Africa will grow by at least 30 per cent in Nigeria and other African countries, as against 10 per cent in other parts of the world, a report by McKinsey and Company has revealed.
McKinsey, a global management consulting firm in the report tagged: “The Future of African Oil and Gas: Positioning for the Energy Transition,” stated that a number of Africa’s oil producers are highly exposed to the global energy transition, as their economies depend on oil and gas revenues. “McKinsey modelling estimates that African energy demand in 2040 could be around 30 per cent higher than it is today, compared with a 10 per cent increase in global energy demand,” it stated. More details at: https://www.thisdaylive.com/index.php/2022/06/14/report-nigeria-other-african-countries-energy-demand-to-grow-30-by-2040/ Climate-smart investment potential in Nigeria, particularly in the renewable energy sector, is worth over $104bn, the United Kingdom High Commission has said.
In his address at the Carbon Chamber Conference of the Abuja Chamber of Commerce and Industry, the Head of Climate Change and Energy West Africa, UK High Commission, Sean Melbourne, said the gradual shift to a low carbon economy would transform many sectors. He said, “There’s a crucial opportunity to act now to achieve low carbon resilient growth and avoid carbon lock-in. According to the International Finance Corporation, Nigeria’s estimated climate-smart investment potential is over $104bn through to 2030 in selected sectors… More details through: https://punchng.com/nigerias-renewable-energy-investment-potential-hit-104bn-uk/ Cumulative expenditure on alternative energy sources in the manufacturing sector stood at $184.73 million (N77.22 billion) last year as against N81.91 billion recorded the previous year.
The decline in expenditure on alternative energy sources last year was ascribed to the marginal improvement in the national electricity supply over the period. The figures were contained in the Manufacturers Association of Nigeria’s (MAN) ‘Second Half Economic Review 2021’ (July-December 2021) released at the weekend… More details through: https://thenationonlineng.net/manufacturers-spend-n77-22b-on-alternative-energy/ The Rural Electrification Agency (REA) is to deploy about 10,000 mini-grid solutions to power rural farmers by the year 2030 as part of efforts to boost food production in the country.
Tagged: “Energising Agriculture Programme,” the programme is being supported by Rocky Mountain Institute and the Global Energy Alliance for People and Planet. In addition, it is expected to accelerate the deployment of energy-agriculture solutions to farmers, especially those in the hinterlands… More details through: https://www.thisdaylive.com/index.php/2022/05/17/rea-plans-10000-mini-grids-for-nigerias-rural-farmers/ Amid lingering power crisis, solar product sales in Nigeria increased by over 62 percent in the second half of last year, a new report released on Tuesday by the global association for the off-grid solar energy industry, GOGLA, shows.
The report, which was produced by GOGLA, Lighting Global – a World Bank initiative, Efficiency for Access Coalition and Berenschot – a Dutch management consultancy firm, said Nigeria represented 66 percent of all the off-grid lighting products sold in West Africa. “Nigeria represents over half of West African sales and therefore the trends at the regional level are in large part reflective of the situation in Nigeria. Nigeria has again recorded particularly high sales volumes this reporting round reaching 391,000 units. This is a 62 percent increase on the first half of 2021,” it said. More details through: https://businessday.ng/energy/article/solar-product-sales-jump-62-amid-power-crisis/ Nigeria’s renewable energy capacity increased marginally to 2154 Megawatts(MW) in 2021 from 2150 MW in 2020, according to a new analysis by the International Renewable Energy Agency (IRENA) mapping renewable energy capacity in the previous year.
Hydropower, which accounted for 2,111 MW of Nigeria’s renewable energy capacity, provided the majority of the country’s renewable energy capacity, the report said. The Niger and Benue rivers, as well as the Lake Chad basin, are significant rivers and natural falls with abundant hydropower potential in Nigeria... More details through: https://businessday.ng/energy/article/nigerias-renewable-energy-capacity-hits-2154mw-in-2021/ The Ministry of Power has developed an Electric Vehicle (EV) pilot project, with the financial support of the European Union (EU), the German Ministry for Economic Cooperation and Development (BMZ), within the framework of the Nigerian Energy Support Programme (NESP).
The feat was achieved at Gbamu-Gbamu, one of the mini-grid sites supported by NESP during its first phase, and has produced insights on the potentials of EVs in rural and peri-urban communities. At the unveiling of the Electric Vehicle Opportunities in Rural and Peri-urban Communities ceremony held in Lagos, the Acting Director the Renewable and Rural Power Access Department in the ministry, Mr. Abubakar Dapshima, said the relevance of the EV pilot project at the Gbamu-Gbamu solar mini-grid community cannot be over emphasised… More details through: https://thenationonlineng.net/nigeria-partners-eu-germany-to-develop-electric-vehicle/ The Nigerian Bulk Electricity Trading Plc (NBET) says it is working on bringing on the grid 40 megawatts (MW) additional energy from the newly completed Dadin Kowa hydropower dam in Gombe State.
According to a statement from NBET spokeswoman, Henrietta Ighomrore, the agency disclosed this during a consultative forum with industry stakeholders in Abuja on Tuesday with representatives of Distribution Companies (DisCos), the Nigerian Electricity Regulatory Commission (NERC) and the Transmission Company of Nigeria (TCN). NBET said the meeting is a precursor towards the finalization of a Power Purchase Agreement (PPA) with Mabon’s Dadin Kowa hydropower plant for 40MW… More details through: https://dailytrust.com/nbet-to-onboard-new-40mw-dadin-kowa-hydropower Nigerian lawmakers have passed a constitutional reform bill that will allow states to supply electricity in Africa’s most populous country, breaking the monopoly of the federal government…
More details through: https://www.bloomberg.com/news/articles/2022-03-01/nigeria-law-reforms-allow-states-to-supply-their-own-electricity |
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