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July 2016

Nigeria approves solar energy sale price

Nigeria approves solar energy sale price

ESI AFRICA - In West Africa, the Nigerian federal government honours its pledge of promoting solar energy by approving an entry price for solar power stations.

Solar energy to improve Nigerian power sector

Solar energy to improve Nigerian power sector

Article by ESI Africa

ESI AFRICA - In Nigeria, the minister of power, works and housing, Babatunde Fashola, has stated that the country can be guaranteed of affordable and improved electricity supply through the deployment of solar energy.

Local media reported that Fashola said that so far the ministry has spoken with more than 12 solar developers and promoters who have given their commitments to a more competitive price regime.

He said: “In the last few weeks, some progress have been made in terms of signing of major solar initiatives, with the support of President Muhammadu Buhari and his vice [president], Yemi Osinbajo.”

Fashola noted: “Before now it was difficult and impracticable to have a solar tariff at 17 cents ($0.060) per kilowatt power (sic), but the cheering news as a result of further interactions, innovations on the side of the developers, private sector and government, is that the new tariff of 11.75 ($0.042) cents has been reached.

“This amounts to about N23 per kilowatt [hour] ($0.081) in terms of a major need for incremental power, which will be of benefit to the entire value chain.”

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Read full article at ESI Africa

Nigeria signs first ever solar PPA

Nigeria signs first ever solar PPA

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.