Off Grid Solar in Nigeria: Enablers and Hurdles

Off Grid Solar in Nigeria: Enablers and Hurdles

Nigeria as a country is more populous than the entire economic bloc of East African Community – EAC. (180 million & 169 million respectively). Relatedly, Nigeria’s GDP is 250% of EAC’s GDP (405 USD & 159 USD [2016 values]). This data paints a nice portrait of the sheer size of the Nigerian market from a sector-agnostic perspective.

On-Grid Solar in Nigeria: Two years after the PPAs

On-Grid Solar in Nigeria: Two years after the PPAs

In 2016, Nigeria caught the attention of the global solar industry, following serious efforts by the Nigerian government and the private sector to promote on-grid solar power development and to ameliorate the country’s severe and now worsening power crises. Since then, performance - in terms of real progress in project development - appears to be falling below expectations. However, Nigeria arguably remains one of the top potential destinations for solar investment in Africa.
 

Establishing foothold in the Nigerian solar PV market

Establishing foothold in the Nigerian solar PV market

On the 1st of February, Solarplaza hosted a webinar on the different characteristics and latest data regarding the solar PV market in Nigeria, named ‘Establishing foothold in the Nigerian solar PV market - Navigating challenges and opportunities with Nigerian finance specialists.

Commercial banks accused of suppressing Nigerian solar market

Commercial banks accused of suppressing Nigerian solar market

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.

USADF, All On opens 2018 offgrid $100,000 energy challenge

USADF, All On opens 2018 offgrid $100,000 energy challenge

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.

All On to move energy sector partnerships and investments forward in Nigeria

All On to move energy sector partnerships and investments forward in Nigeria

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.

The up-and-coming African solar: Top 50 announced African solar PV projects

The up-and-coming African solar: Top 50 announced African solar PV projects

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.

Currency Risk in Nigeria: Hedge Now, Save Later

Currency Risk in Nigeria: Hedge Now, Save Later

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.

The regulatory ecosystem around on grid solar contracts in Nigeria

The regulatory ecosystem around on grid solar contracts in Nigeria

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.

GreenWish to Invest $280 Million in Nigeria Solar Plants

GreenWish to Invest $280 Million in Nigeria Solar Plants

BLOOMBERG - GreenWish Partners, a Paris-based independent power producer, will invest $280 million to build solar-power plants in Nigeria that are expected to start producing electricity in the first quarter of next year.

Azuri PayGo Solar Sales surpass 100,000

Azuri PayGo Solar Sales surpass 100,000

Off-grid solar company Azuri Technologies announced Tuesday that it has reached the mark of 100,000 sales of its PayGo solar home systems in sub-saharan Africa.

Replacing fuel generators with solar in Nigeria: main advantages and challenges

Replacing fuel generators with solar in Nigeria: main advantages and challenges

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.