Nigeria’s solar companies are seeing a surge in demand for mini-grids and equipment as businesses in Africa’s biggest oil producer look for alternative power sources after the cost of diesel soared locally due to rising global oil prices.
According to Reuters, Supply constraints could, however, hamper their ability to capitalize on the trend, with some saying they have begun to turn away customers because they are unable to meet demand.
“There has been an increased growth in demand [for solar], I think really driven by the spike in diesel prices this year,” Victor Ezenwoko, Daystar Power chief commercial officer said.
The Energy Commission of Nigeria says the country spends $22 billion annually to fuel generators.
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