THE Nigerian Electricity Regulatory Commission (NERC) is set to generate a minimum of 2,000MW of electricity from renewables this year. In a report on its website, the agency assured of the guaranteed price and access to the grid as well as a feed-in tariff for solar, wind, biomass, and small hydro.
Apart from the Power Purchase Agreement (PPA) based on the plant life cycle of 20 years, electricity distribution companies (DisCos) are mandated to procure a minimum of 1000MW, representing 50 percent of the projected renewable sourced electricity.
NERC has also approved, in line with the National Policy on Renewable Energy and Energy Efficiency, three windows for grid-connected renewable energy projects, such as net-metering for very small capacity (typically below 1MW), the feed-in tariff for capacities up to 5MW of solar, 10MW of wind, 10MW of biomass and 30MW of small hydro…
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