Suleiman Babamanu’s path to the heart of Nigeria’s biggest solar power program started in disappointment. After university he worked as a trainee geoscientist for a unit of the Nigerian National Petroleum Corp. A job in the industry—Nigeria is Africa’s biggest oil producer—would have been a traditional route, and a lucrative one. But he couldn’t find […]
GHANA: CrossBoundary installs solar power plant at Guinness brewery
Solar energy provider CrossBoundary has commissioned a solar photovoltaic system on the roof of a Guinness Ghana Breweries PLC factory in Achimota. The 1,095 kWp solar power plant provides clean energy to the subsidiary of the British Diageo Group. Guinness Ghana Breweries is greening the production process of its beverages in Ghana. The subsidiary of […]
World Bank $500m Electricity Boost For Nigeria As Country Ranks Largest In Energy Access Deficit Globally
BEVERLY HILLS: The World Bank has approved the sum of $500m to Nigeria to boost access to electricity and improve the performance of electricity distribution in Nigeria. The bank in a statement issued on Friday, said financial support would be provided to private distribution companies only on achievement of results in terms of access connections, […]
AFDB extends ‘Desert to Power’ Program to Nigeria
The President of African Development Bank (AfDB) Dr. Akinwunmi Adesina, has announced that the bank is set to undertake its ‘Desert to Power’ initiative in Nigeria to meet up the challenge of power failure, noting that the initiative has already commenced in Morocco and Kenya. Investment newsletter from Nigerian Investment Promotion Commission, NIPC, quoting AfricaOilandPower, […]
African Development Bank Extends Desert to Power Program to Nigeria
The President of the African Development Bank (AfDB) Dr. Akinwunmi Adesina, announced that the bank is set to undertake its ‘Desert to Power’ initiative in Nigeria. He announced that the initiative has already commenced in Morocco and Kenya. The Desert to Power project is aimed at constructing the world’s largest solar power zone that would […]
Electricity grid collapses in Nigeria, Africa’s largest economy
Power outages in Nigeria, the most-populous nation in Africa, are common, but a system collapse is unusual ABUJA : Nigeria’s national electricity grid collapsed on Sunday, the Transmission Company of Nigeria (TCN) said in a statement. Power outages in Nigeria, the most-populous nation in Africa, are common, but a system collapse is unusual. “At 11:25am […]
AFDB to provide underserved communities in Nigeria with sustainable energy solutions
The African Development Bank and the Government of Nigeria have launched the National Electrification Project (NEP), to address critical energy access deficits by channeling private sector investments into mini grid and off-grid solutions. The project, which will be implemented by Nigeria’s Rural Electrification Agency, is a boost to efforts to achieve the target of universal […]
Nigeria Solar Company Raises $20 Million Led by Ebay Founder
A Nigerian solar-power company raised $20 million with the support of Ebay founder Pierre Omidyar’s investment firm to power business clusters in Africa’s most populous country. Rensource received equity financing from a group of investors including Omidyar Network and CRE Venture Capital that will enable it target as many as 20 urban markets within 18 […]
JinkoSolar’s motion for summary determination of non-infringement will be granted by ITC JUDGE within two weeks
Jacksonville, Fla.: JinkoSolar Holding Co., Ltd. (NYSE: JKS) (“JinkoSolar”), one of the largest and most innovative solar module manufacturers in the world, today announced that the Administrative Law Judge (“ALJ”) in U.S. International Trade Commission Investigation No. 337-TA-1151 (“the 1151 Investigation”) issued an order indicating that JinkoSolar’s motion for summary determination of non-infringement will be […]
Nigeria: CESEL plans to invest $1 billion in solar off-grid with the diaspora
Community Energy and Social Enterprise Limited (CESEL) recently launched the Diaspora-Power (DPower) initiative. Objective: to mobilise one billion dollars to invest in the solar off grid in Nigeria with funds from the Nigerian diaspora. How to finance solar off grid in Nigeria is an issue of concern to the private sector and associations that have […]