Nigeria’s industrialization ambition is caught up in a complex web. At the center of the numerous challenges that stall economic growth and development in Nigeria is the extremely poor level of energy access. The energy needed to support quality health care delivery, improved education and better farming practices is simply absent. With millions of households and businesses getting less than 4 hours of electricity per day, Nigeria is in urgent need of every help it can summon.
Our list of Top 50 projects under development comes in preparation for the two-day event in Nigeria during the 25-26 of April. The Solar Future Nigeria concentrates all major stakeholders in the country and addresses all forms of solar applications ranging from utility scale to pico solar.
On 15th March 2017, Solarplaza organized the webinar “Currency Risk and Convertibility Issues for Nigerian Solar/RE Projects”. The entire video recording of the webinar and the speakers’ slides can be freely accessed here.
On-grid solar will take off on great scale in Nigeria due to the failure of legacy fossil energy sources. 14 Solar Power Purchase Agreements (PPAs) have been signed recently, being the first set of many more to come, and there’s a good chance of a solar power auction to follow.
With Nigeria’s low crude oil refining capacity and a troubled supply chain for the import of petroleum products, the strong and habitual dependence of businesses and households on diesel and petrol-fired captive generators is clearly becoming unsustainable. However, up until now this has been the only viable option for power access in a country with terribly outdated grid infrastructure.
Ambiguous and unfriendly regulations have been the typical hurdle in some power sectors across Africa. The recent movement for the promotion of cleaner and more modern energy in Africa has led to significant reforms in several markets, Nigeria being one of them. The regulatory space around solar power investments in Nigeria has also seen some transformation, which has served as an incentive for the recent growth in both off grid and on grid solar power developments. The work is far from complete but the willingness of the Nigerian government and policy makers to further develop the space is evident.
Nigeria, which is expecting - theoretically - about 2GW of utility scale solar capacity in the next 12 to 24 months (based on signed PPA’s and other ongoing applications) has no utility solar O&M footprints or practices.
The tone of the conversation around utility-scale solar power in Nigeria is changing. Complicated conditions for fossil-based grid generation provide the needed motivation for the government and private sector to further explore clean-tech power.
In preparation for Unlocking Solar Capital Africa, Solarplaza has created an overview of the largest solar PV plants under development on the African continent, including a Top 10 of projects under construction and a Top 40 of announced plants.
Nigerian solar energy expert, Ademola Fadunsi, has questioned the financial industry for its slow pace of solar energy investments, saying the inability of local commercial banks to grant loans to investors in the sector has impeded market growth.
The U.S. African Development Foundation (USADF) and All On have officially opened the application period for the 2018 Nigeria Off-Grid Energy Challenge, which will provide $100,000 per enterprise for successful applications, following the announcement last month of a $3 million public-private partnership between the two organizations.
Solar Nigeria Programme (SN), a programme funded by the Department for International Development (DFID) says it will provide additional grant of £13 million to help reputable companies involved in solar energy in Nigeria, The Guardian reports.
Over the past few years, some bitcoin enthusiasts have found ways to use renewable energy sources such as solar power to mitigate electrical costs associated with mining the decentralized cryptocurrency.
Arrow Capital, a US based firm and the University of Ilorin have concluded arrangement for the construction of 500MW solar power plant in Nigeria worth US$2.3M. The project is expected to be delivered in the next six months.
Last week the EU’s Africa Renewable Energy Initiative announced 14 new renewable energy projects across the continent, representing 1.7GW, with a total potential investment of almost €4 billion (US$4.2 billion).
TODAY - Plans are underway to install solar powered electricity in villages across Kwara state. Meanwhile, the state government has also announced plans to release N900m to contractors for ongoing projects next Monday.
NIGERIA ELECTRICITY - The surprise was finding that people dependent on candles, batteries, kerosene and fuel for generators in countries without a secure supply of electricity spend more on power than solar options.
REUTERS - A “solar revolution” is coming to Africa, comparable in scale and importance to the rapid surge in mobile phone use on the continent two decades ago, predicts the head of the International Renewable Energy Agency.
With the impact of energy costs on the productive sector becoming unbearable, exploring clean, sustainable alternative energy source has become attractive to operators in the value-chain industry, especially if they hope to remain competitive in the global market.
The most populous, and second-most densely populated, nation in Africa, Nigeria is fast coming to the fore as a mobile pay-go solar and solar-storage microgrid leader. Part and parcel of its Green Energy Project with the UN Development Program (UNDP), Nigeria’s Bank of Industry (BoI) on Jan. 19 launched a 1 billion nara (US$3.1 million) off-grid solar energy fund.
The Federal Government says it would intensify efforts to increase power generation through solar energy. The Minister of Science and Technology, Dr Ogbonnaya Onu, made the statement when he visited NASENI Solar Energy Ltd. He said such efforts would promote productivity and encourage more investors to come in to the country.
Bloomberg New Energy Finance have published their first ever off-grid and mini-grid market outlook, assessing the latest developments in distributed energy and electrification in emerging or remote markets.
The Nigerian population is above one hundred and eighty three million (www.worldometers.info), and about 55% of the population have no access to grid-connected electricity (Nigeria Power Baseline Report -nesistats.org). Access to electricity in the rural areas is about 35% and about 55% in the urban areas.
The "Off-Grid Market Opportunity Tool" draws on a database that will help companies, governments, development agencies, academics and civil society to better assess the potential market for off-grid energy solutions.
The Minister of Education, Malam Adamu Adamu on Monday performed the ground-breaking ceremony for the construction of a 10mw solar power plant estimated to cost N4 billion at Ahmadu Bello University, Zaria, Kaduna State.
The Northern States Governors’ Forum and General Electric, on Monday signed a memoranda of understanding for the construction of five solar plants that aim at generating 500 megawatts of electricity in some parts of Northern Nigeria.
REUTERS - Nigeria's biggest power station shows the huge problems that President Muhammadu Buhari must overcome if he is to fulfil his promise to tackle chronic electricity shortages and reform an economy in recession.
NIGERIA ELECTRICITY - The 8th President of the African Development Bank (AfDB), Akinwumi Adesina has explained that AfDB would invest $12bn over the next five years in support of accelerated electricity supply in Africa and would leverage between $45 to $50m from the private sector.
A new energy policy document launched in July 2016 and obtained by the Daily Trust projects a diversified electricity grid of 10,325mw by 2019, and 45 per cent renewable energy grid contribution by 2030.
PV-TECH - Federal government-owned public liability, the Nigerian Bulk Electricity Trading (NBET), has signed the country’s first ever solar power purchase agreement (PPA) with more than ten project developers, totalling 975MW of utility-scale solar. As of last week, there were 15 projects with generation licences, so it is possible that there could still be more in the pipeline.