ABUJA : The World Bank is aiming to help fund construction of 1,000 mini solar power grids in Africa’s biggest economy Nigeria in partnership with the government and private sector, the lender’s president Ajay Banga said on Saturday. Nigeria, with a population of more than 200 million people, has installed power generation capacity of 12,500 […]
Nigeria amasses $3 bln debt to traders for oil swaps: sources – EQ Mag
BRUSSELS/LONDON : Nigeria has accumulated up to $3 billion in debts to trading houses such as Vitol and oil majors such as BP (BP.L) for fuel supplies and is trailing four to six months behind schedule in repaying them with cargoes of crude, four traders and executives told Reuters. Nigeria will likely take months to […]
JinkoSolar strikes 50MWh BESS distribution deal in Nigeria – EQ Mag Pro
Vertically integrated solar PV manufacturer JinkoSolar has signed a distribution agreement for its battery energy storage solutions with a Nigeria-headquartered business systems integrator. JinkoSolar is one of the handful of companies dubbed the Solar Module Super League by our colleagues at PV Tech for their standing in the PV module market. The company launched its […]
Innovative Financing Secures 28 New Minigrids in Nigeria
In Nigeria, a developer has secured project financing to establish 28 distributed renewable energy (DRE) systems, designed as solar PV and battery-powered minigrids with an aim to connect 55,000 people to electricity in rural areas. PowerGen is partnering with CrossBoundary Energy Access (CBEA), Oikocredit, Triodos Investment Management and EDFI ElectriFI to facilitate the development. Oikocredit, […]
Green Climate Fund Approves $171M For Renewable Energy Projects in Nigeria, Ghana, Others
The Green Climate Fund’s financing is part of an overall $900 million budget whose objective is to scale up the roll-out of mini-grids, solar home systems, and commercial and industrial solar solutions in the program countries. The Green Climate Fund (GCF) on Wednesday announced that it has approved $170.9 million (N70.69 billion) in co-financing for […]
NIGERIA: Westa.Solar Connects 500 kWp Solar Power Plant on Petrichor’s Roof
New solar power producer Westa.Solar has completed construction of a 500 kWp solar PV system on the roof of Petrichor Industries in Nigeria. The new company is a joint venture between RP Global and Oolu Solar. A new player is entering the solar PV market for commercial and industrial (C&I) customers in Africa. Westa.Solar was […]
Onyx Solar Signs Deal For Africa’s Largest PV Integration Project
Spanish group Onyx Solar has reached an agreement with Sterling Bank, a leading financial institution in Nigeria, for the installation of 6,500 sq m of crystalline silicon photovoltaic glass spandrels at its HQ building coming up in capital Lagos. The project, which is set to become the largest PV integration development in Africa, is being […]
RP Global And OOLU Solar Partner to Launch Westa.Solar, a New Commercial & Industrial Solar Venture in West Africa
Westa.Solar has delivered its first 500kWp solar PPA project to Petrichor Industries in Nigeria. RP Global, a leading renewable energy developer and investor, and OOLU, leader in energy access solutions in West Africa, announce the launch of Westa.Solar, a Commercial & Industrial (C&I) Solar Venture in West Africa, and the deployment of its first solar […]
Trina Solar appoints new distributor in Nigeria
UAE-based Trina Solar, a leading global PV and smart energy total solution provider, has signed a distributor agreement with Solar Power Etal to supply Trina Solar’s products and solutions in Nigeria. With Nigeria having enormous solar energy potential, this agreement will ensure the availability of Trina Solar’s tier 1 PV modules in this key West […]
Saudi Arabia’s Desert Technologies To Fund Solar Projects In Nigeria
Despite being the leading economy on the African continent in terms of GDP ($443 billion), the installed electrical capacity in Nigeria does not exceed 12,522 MW (2020), as only 36 percent of the population in rural areas has access to electricity. Saudi solar energy firm Desert Technologies (DT) revealed plans to provide large-scale financing to […]