Industry news

As Nigerians grapple with the recent increase in electricity tariff, the Federal Government said a coordinated approach is being planned to de-risk and optimize renewable energy investment.

A Nigerian firm is leveraging the energy of the sun to keep local healthcare centres up and running, thus preserving drugs and saving lives.

Lumos Global has received US$35 million to fund its off-grid solar home systems installation project in Nigeria.

The pandemic offers an opportunity to accelerate access to clean energy across Africa - and Nigeria is taking advantage.

The Federal Government has announced plans to provide solar home systems to 5 million Nigerian households within the next 12 months, as part of the Economic Sustainability Plan.

The Nigerian Ministry of Power is accepting bids to build seven off-grid PV projects, along with other installations that will improve access to energy.

As countries continue to rebuild from the COVID-19 pandemic, a new guide by Sustainable Energy for All (SEforALL) shows how clean energy investment can support countries to ‘Recover Better’, and use this unique moment to reset their economies and close energy access gaps.

The World Bank has approved the sum of $750 million as a loan to Nigeria’s power sector after years of negotiations over long term reforms in the sector.

In line with its commitment to bridging the metering gap in Nigeria, electricity distribution company Ikeja Electric has metered over 120,000 households between 2018 and June 2020.

Prices of Electric Vehicles (EV) have gone down as automotive companies shift focus on making non-gasoline automobiles, a new research has shown.

Global solar developer Renewvia Energy Corporation has partnered with a Nigerian off-grid impact investor, All On, to deploy solar mini-grids to rural communities unserved by conventional utilities in the Niger Delta region.

The House of Representatives is unhappy that oil revenues remains the mainstay of the nation’s economy.As a result, the House has stressed the need by the authorities to make adequate plans and preparation for a Post-Oil Economy in Nigeria.

With a vast and mostly untapped potential in renewable energy resources, the Nigerian Electricity Regulatory Commission (NERC)  has set a target to generate a minimum of 2,000MW of electricity from renewables this year.

The House of Representatives has insisted that the proposed two-month free electricity for Nigerians be implemented to cushion the effect of the COVID-19 pandemic on citizens.

Lumos Nigeria will supply solar-powered systems to ICU units at the Covid-19 isolation and treatment centre of Eti-Osa, located in Lagos. These will enable the centre to operate 24 hours a day. 

All On, Nigerian off-grid energy investment company established by Shell, has awarded an emergency relief fund to provide healthcare organisations on the frontline of the Covid-19 pandemic in Sub-Saharan Africa with reliable power.

The Nigerian subsidiary of mini-grids supplier Renewvia Energy Corporation has just signed a grant agreement with Nigeria's REA. The US company will install several solar mini-grids in the rural areas of Bayelsa State in southern Nigeria.

For several weeks now, the government of Lagos State in Nigeria has been testing solar-powered traffic lights. With this clean energy, it wants to reduce traffic congestion caused by an unstable power supply.

The African Development Bank (AfDB) and the Government of Nigeria announced the launch of their National Electrification Project (NEP), which aims to help improve access to energy by promoting private investment into mini-grid and off-grid solutions.

In view of the unabating challenges in the nation’s power sector, the Federal Government has been advised to embrace a newly launched solar solution – ‘solarkiosk’ to bridge the gap of power generation and distribution.

The federal government has launched the $200 million Nigeria Electrification Project (NEP) to provide off-grid energy to over 500,000 people across 105,000 households in rural communities across the country.

In view of the unabating challenges in the nation’s power sector, the Federal Government has been advised to embrace a newly launched solar solution – ‘solarkiosk’ to bridge the gap of power generation and distribution.

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. 

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.

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

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.

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.

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.

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

21 - 23 September 2021

Landmark Centre, Lagos