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The Nigerian off-grid solar market is among the fastest-growing in Africa, increasing at a 22 per cent average annual rate during the past five years, according to a study conducted by Boston Consulting Group and All On, a Shell-funded impact investment company.
The report, however, said the country had underperformed its peers in Africa in penetration of off-grid solar and had a long way to go before its solar market could be considered robust. It said, “Nigeria’s installed photovoltaic panel per capita amounts to only about 1 watt compared to an average of 8 watts in similar emerging market, indicating a big opportunity for further growth in the country… More details through: https://punchng.com/nigerian-off-grid-solar-market-among-fastest-growing-in-africa-report/
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BUA has signed an agreement with Wartsila OY of Finland to construction a 70megawatts dual-fuel power plant for the BUA Cement Sokoto Line 4 in Sokoto State.
Chairman, BUA Group, Abdul Samad Rabiu, said the conglomerate is looking to boost its production capacity in Nigeria over the next three years with new plants in the works, adding that this will be the second plant to be constructed by Wartsila for BUA Cement. Speaking at the signing ceremony, Rabiu, said BUA Cement will continue to invest strategically in the West African Cement industry to enable it bridge the huge infrastructure and housing deficit… More details through: https://thenationonlineng.net/bua-finish-firm-sign-70mw-power-plant-contract/ A United States-based solar product design and marketing company, SolAps, has said the Nigerian solar power industry is growing and it is aiming to reach 20 million Nigerians with its products.
Its Chief Executive Officer, Mr Omololu Noibi, said the company was founded in 2009 with the goal of accelerating the adoption of solar renewable energy around the world, by introducing solar-based applications, with the aid of available technologies. Noibi, who spoke at a press briefing in Lagos, said the company had created a mobile app that connects users to solar mobile chargers… More details through: https://punchng.com/nigerias-solar-industry-growing-says-us-based-firm/ The Federal Government has said it plans to partner with the People’s Republic of China in developing a renewable energy research centre that will boost renewable energy technology in some Nigerian universities.
This was disclosed in a statement by the Ministry of Science, Technology and Innovation on Friday. “The proposed partnership between the Chinese and Nigerian universities is expected to build and upgrade centres of excellence in renewable energy technologies which include green energy – solar, wind, hydro, bio-energy, energy efficiency and management,” it said… More details through: https://punchng.com/fg-to-partner-china-on-renewable-energy-technology/ The need to maximise the nation’s hydropower potential resurfaced yesterday, amid non-payment of market receivable to generation companies as an investment in the two hydropower plants hits N100 billion.
The investments standing at N98.3 billion ($240 million) were made at the Kainji and Jebba dams by Mainstream Energy, which entered into an agreement with the Federal Government about eight years ago to resuscitate the plants. Speaking, yesterday, in Abuja at the contract signing ceremony for the rehabilitation of Unit 1G9 and installation of Units 1G3 and 1G4 on Kainji Hydropower Plant with Power China Huadong Engineering Corporation Limited, industry experts canvassed a strong policy framework that would unlock the nation’s hydro resources… More details through: https://guardian.ng/business-services/nigeria-spends-n100bn-on-developing-kainji-jebba-power-plants/ BUA has signed yet another agreement with Wartsila OY of Finland for the construction of a 70megawatts dual-fuel power plant for its BUA Cement Obu Line 3 project in Edo State, Southern Nigeria. This agreement was signed between both companies at a ceremony in Abuja presided over by the Deputy Minister for International Trade for Finland, Ms. Nina Vaskunlahti. The gas power plant will also be the third power plant to be commissioned by BUA from Wartsila as BUA Cement seeks to increase total production capacity across all locations to 17million metric tonnes by 2023.
Speaking at the signing ceremony, Abdul Samad Rabiu, Chairman of BUA, who signed on behalf of the cement producer said that BUA was committed to utilising cleaner, more efficient energy sources for its cement operations rather than relying on coal or heavy fuels. According to Rabiu, the 70MW gas powered plant ordered by BUA for its Obu Line 3 cement plant will ensure that the company remains very efficient in energy utilisation in the cement production process… More details through: https://www.sunnewsonline.com/bua-wartsila-oy-of-finland-extend-partnership-with-new-70mw-gas-plant/ The Minister of Power, Engr. Abubakar D. Aliyu, has said the federal government will commission the 10 megawatts (MW) Katsina wind farm on December 18.
According to a statement by the ministry, he stated this when he received the Katsina State Elders’ Forum in Abuja Tuesday, saying the delay in key power projects was due to criminality and insurgency. The Minister said the President Muhammadu Buhari administration is determined to revamp all sectors of the economy, particularly the power sector… More details through: https://dailytrust.com/fg-to-commission-10mw-katsina-wind-farm-dec According to the IRENA data, Africa accounts for 53 685MW renewable energy capacity with some of the leading countries Nigeria’s renewable energy capacity rose slightly higher to 2153 MW in 2020 from 2152 MW in 2019 with solar energy rising the most and contributing 28MW to the overall capacity, according to a new report mapping solar energy capacity by the International Renewable Energy Agency (IRENA).
The analysis showed that wind energy accounted for the least capacity contributing only 3MW though southern Nigerian states have their mean wind profile at 10 m height in the range between 3.0 − 3.5 m/s, and some Northern states with mean wind speeds of between 4.0 − 7.5 m/s indicating that the country has good wind resources over most part of the country… More details through: https://businessday.ng/energy/article/nigerias-total-renewable-energy-capacity-hits-2153mw-in-2020-irena/ The federal government through the Bureau of Public Enterprise (BPE) has said 12 hydropower plants are slated for concession in five states and the Federal Capital Territory (FCT).
The director-general, BPE, Alex Okoh said the concession is in a bid to unlock the values and full potentials of the hydropower plants which have a generation capacity of 1,200 Mega Watts to 1,500 Mega Watts, for the purpose of electricity production. According to a statement on Thursday signed by Amina Othman, head, Public Communications, the hydropower plants include eight Greenfields and four Brownfields located in Adamawa, Benue, Kogi, Ogun, and Taraba States as well as the FCT… More details through: https://businessday.ng/news/article/fg-plans-concession-of-12-hydropower-plants-to-add-1500mw/ To bridge the nation’s power needs and reduce environmental pollution, the Agence Francaise de Developpement (AFD) has staked about $70m to fund renewable energy and efficient energy projects in the country.
This fund, according to its promoters, would guarantee electricity supply to over 80 million Nigerians who are currently without power supply. Member, Project and Structured Finance, Sub Sahara Africa, Access Bank, Chukwudumije Igwe, said this at the second edition of Sustainable Use of Natural Resources and Energy Finance (SUNREF) Nigeria Programme Investors’ Conference. In Lagos… More details through: https://guardian.ng/business-services/nigeria-gets-70m-grant-for-renewable-energy-development/ |
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