Industry News

WORLD BANK APPROVES $3 BILLION LOAN FOR NIGERIA'S POWER SECTOR

The World Bank has approved Nigeria's request for a $3billion loan for the expansion of the transmission and distribution networks in the power sector.

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REA COMMISSIONS NIGERIA'S FIRST SOLAR HYBRID PROJECT

Nigeria's Vice President, Yemi Osinbajo, has commissioned the country's first 2.8MW solar hybrid power project at Alex Ekwueme Federal University, Ndufu-Alike Ikwo in Ebonyi State.

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YOUTH EMPLOYMENT GAINS TRACTION WITH SOLAR ENERGY

The global craze for renewable energy has offered jobless Nigerian youths alternative employment as solar energy panel installation gains ground.

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ICE COMMERCIAL POWER, MICROSOFT PARTNER TO IMPROVE SMEs' ACCESS TO SOLAR ENERGY

Microsoft, through its 4Afrika initiative, has entered into a partnership with ICE Commercial Power, a Nigerian-based renewable energy provider, to provide reliable solar power to 10,000 Small and Medium Enterprises (SMEs) across Nigeria for the next two years.

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SCHNEIDER ELECTRIC SIGNS AGREEMENT TO SPUR MINIGRID ELECTRIFICATION IN NIGERIA

Schneider Electric recently signed an agreement with EM-ONE Energy Solutions, an engineering firm in Nigeria, with the aim of creating an industry ecosystem based on renewable energy-centered minigrids built or operated by community stakeholders.

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CBN GOVERNOR UNFOLDS FIVE YEAR AGENDA

The Central Bank of Nigeria (CBN) governor, Godwin Emefiele, on Monday unfolded the policy direction of his new five years tenure, promising to facilitate access to financial services to 95 per cent eligible Nigerians by 2024.

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NIGERIA RENEWABLE ENERGY SOLUTIONS PROVIDER ARNERGY SECURES $9 MILLION IN SERIES A FINANCING

Nigerian distributed utility company, Arnergy, raises $9 Million in a Series A round of funding.

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FIRM UNVEILS SOLAR SOLUTIONS TO BRIDGE ENERGY GAPS IN NIGERIA

A manufacturer of off-grid power generation systems, Shenzhen Lemi Technology Development Company Limited, has unveiled new solar solutions to the Nigerian market to bridge energy gaps.

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MORE EFFECTIVE FUNDING NEEDED FOR AFRICAN MINI-GRIDS, SAY INVESTORS

A group of leading energy and impact investors has urged governments and multilateral and bilateral donors to create a unified Results-Based Financing (RBF) mechanism to support renewable energy mini-grids and bring access to power in Africa.

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NIGERIA'S 100% RENEWABLE ELECTRICITY ACHIEVABLE BY 2050 - REPORT

The report states that the fully renewable electricity systems in Nigeria would be 60% to 70% cheaper than the “low-carbon” energy options, including nuclear power or the fossil fuel energy.

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SHELL EXPANDS GAS DISTRIBUTION CAPACITY IN NIGERIA

Shell Nigeria Gas says it has increased its gas distribution capacity by over 150 per cent  following the safe completion of its second gas train, the Agbara-Ota Capacity Increase Project.

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MARUEBENI LEADS $26M INVESTMENT IN OFF-GRID AFRICAN SOLAR

The Japanese conglomerate is leading a $26 million equity investment in Azuri Technologies, which provides pay-as-you-go solar home solutions to off-grid communities throughout sub-Saharan Africa.

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SCHNEIDER ELECTRIC IS HELPING TO BRING RELIABLE ELECTRICITY TO AFRICA

Solar energy isn’t only beneficial to the environment – it also has the power to improve living standards across Africa.

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DISCOS NEED N3.07 TRILLION IN 5 YEARS TO BOOST ELECTRICITY SUPPLY IN NIGERIA

The 11 power distribution companies (DISCOs) in Nigeria will need a minimum of $10 billion (about N3.07trillion) investments to boost their services over the next five years.

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WEST AFRICA OFF-GRID ELECTRICITY PROJECTS RECEIVE FINANCIAL BOOST

The West Africa off-grid electricity projects have receive financial boost of US$225 million from the International Development Association and the Clean Technology Fund.

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EU PLANS TO PROMOTE USE OF SOLAR POWER IN NIGERIA

The European Union (EU) has announced plan to take renewable solar energy to Nigerians.

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NIGERIA NEEDS COST EFFECTIVE TARIFFS FOR STEADY POWER SUPPLY

President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, yesterday said Nigeria should evolve a more efficient and effective tariff structure to achieve constant electricity supply in the country.

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NIGERIA TO INCREASE ELECTRICITY ACCESS WITH $200 MILLION FUND

In line with the federal government’s strategy on electrifying rural communities, Nigeria moves to actualize equitable access to electricity through its nationwide initiative, Nigeria Electrification Project (NEP).

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NIGERIA SEEKS $247 MILLION FOR RURAL ELECTRIFICATION PROJECTS

The Federal Executive Council (FEC) on Wednesday approved the sourcing of a fresh $247.3 million (about N76 billion at the official rate of N306/$) for the provision of rural electrification projects in the country as well some road projects in Lagos State.

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UAE, NIGERIA DISCUSS BILATERAL RELATIONS

His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, on Tuesday discussed bilateral relations with President of Nigeria Mohammadu Buhari.

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BATTERIES CAN HELP RENEWABLES REACH POTENTIAL IN AFRICA

Attractive costs for solar and wind power and cutting-edge innovations are making clean energy a compelling proposition in Sub-Saharan Africa, which faces the world’s largest gaps in electricity access.

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BUHARI TO UAE INVESTORS: COME AND PROSPER IN NIGERIA

President Muhammadu Buhari met with groups of investors at the sidelines of the Annual Investment Meeting(AIM) in Dubai, United Arab Emirates (UAE).

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NIGERIA TO CONSTRUCT US $4 MILLION SOLAR POWER FACTORY

Nigeria’s Ebonyi State government is set to partner with Chinese company, Foshan Sunchees Energy Company to develop a solar panel and battery manufacturing factory at a cost of US $4m. 

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THEMIS, KINGLINE TO DEVELOP 550MW NATURAL GAS-FIRED PROJECT IN NIGERIA

Themis, an Africa-focussed power company backed by Denham Capital, is partnering with Kingline Development Nigeria Limited (Kingline) to develop a 550MW natural gas-fired power plant in Ondo State, Nigeria.

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SOLAR NIGERIA SIGNS AGREEMENT TO BUILD LARGEST RURAL MINI GRID

Solar Nigeria has announced plans to build a rural mini-grid that will power hundreds of households in Nigeria after it reached an agreement with the Ode Omi community in Ogun state.

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ZOLA, STERLING BANK ADDRESS NIGERIAN POWER GAP

As parts of efforts to expand the penetration and accessibility of renewable energy in Nigeria, ‘infinity,’ an online solar energy technology which optimises diverse power provision has been unveiled in the Nigerian market to close the lingering energy gap.

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NIGERIA NEEDS NEW TECHNOLOGIES TO ADDRESS POWER CHALLENGES

President Muhammadu Buhari has stated that Nigeria was in dire need of new engineering technologies to address its power supply, metering challenges and the need for an upgrade in engineering practice in Nigeria.

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$200M INVESTED IN OFF GRID RENEWABLE ENERGY

The off grid renewable energy space which most experts describe as the future of the Nigerian power sector have been said to enjoy an investment capacity of up to $200 million in the last few years.

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NEW METER BOX TO ADDRESS SHORTFALL IN ACCESSIBILITY

Acting President Yemi Osinbajo, inaugurated a world-class meter and other plastics manufacturing factory constructed with the aim of addressing the shortfall in meter accessibility by end users in Nigeria.

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NIGERIA, INDIA PARTNER TO DEVELOP RENEWABLE ENERGY

Nigeria and India are to explore opportunities in renewable energy. Indian High Commissioner, Nagabhushana Reddy, discusses the commitment to derive at least 30% of its power needs from renewable energy by 2030.

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NIGERIA’S LARGEST POWER SECTOR INVESTOR TO GO PUBLIC SOON

Sahara Group, the leading power producer in Nigeria has revealed plans to go public soon. Shonubi, whose firm operates in 29 countries, commended the National Assembly for passing the Petroleum Industry Governance Bill (PIGB).

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SHELL TO DELIVER 624MW ELECTRICITY INTO NATIONAL GRID

Electricity generation in Nigeria is to receive a boost as the Afam VI power plant in Rivers State is ready to deliver additional 624 Megawatts into the national grid.

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IN NIGERIA, A TEMPLATE FOR SOLAR-POWERED MINIGRIDS EMERGES

How a unique partnership, innovative financing and stubborn persistence created a model for localized solar and batteries.

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RENEWABLE ENERGY IN NIGERIA’S SUSTAINABLE DEVELOPMENT

Renewable energy has an important role to play in meeting the future energy needs in both rural and urban areas. The development and utilization of renewable energy should be given a high priority, especially in the light of increased awareness of the adverse environmental impacts of fossil-based generation. Read more...

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FED GOVT SEEKS MORE ENERGY DISTRIBUTORS

The Federal Government is seeking more investments in distribution to improve electricity, Minister of Power, Works and Housing, Mr Babatunde Fashola, has said. The government, is working towards actualising this.

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NIGERIAN INVENTION TO TRANSFORM POWER MARKET

Nigeria has faced many challenge regarding power generating capacity, hindering its development efforts. Now, a local start-up have developed a solution in the form of power assembly units, on the verge of being rolled out.

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SCALING-UP SOLAR ENERGY DEPLOYMENT - GOVT MUST LEAD

National development, economic growth, infrastructure, industrialisation and manufacturing, share a common denominator; adequate and constant power supply.

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