Renewable Energy

A new study by Rocky Mountain Institute (RMI) shows how rural mini-grids can rapidly scale across sub-Saharan Africa by addressing key barriers and cost reduction pathways to reduce costs over 60 percent by 2020. More than 600 million people, 65 percent of sub-Saharan Africa, lack electricity access. Hundreds of millions more have only an unreliable and intermittent supply at best. The traditional ...

Participants at the recently held National Environmental Congress (NEC) by Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) have collectively developed a template for the Federal Government of Nigeria to follow if energy democracy must be realised in the country. The NEC, themed: “Post-Extractivism: Energy Democracy for National Development”, was a convergence of civil society, community groups, youths, government officials, ...

The Shell Petroleum Development Company of Nigeria (SPDC) and its joint partners have signed a gas supply and aggregation agreement that will support the 140 Megawatts Aba Integrated Power Project in Abia State. The agreement, signed on Friday, November 30, 2018 in Abuja, was between SPDC, Geometric Power Aba Limited (GPAL) and Gas Aggregation Company of Nigeria (GACN). By the ...

Infrastructure development finance institution, the Africa Finance Corporation (AFC), says it is investing in the Nachtigal Hydro Power Company (NHPC), located 65KM north of Yaounde in Cameroon. The €1.2 billion power generation project will consist of a 420MW hydro-electric power station as well as a 50KM transmission line. The financing structure will take a 76:24 debt to equity ratio, with ...

Considered as the way forward for Nigeria’s power sector, Environmental Rights Action / Friends of the Earth Nigeria (ERA/FoEN) gathered key stakeholders in Nigeria’s environment and power industries to discuss “Post-Extractivism: Energy Transition for National Development”. This was the theme of the organisation’s 11th Annual National Environment Congress holding in the Rivers State capital city of Port Harcourt from November ...

Why are debts in the electricity market so high and how can they be resolved through domestic financing using the Power Sector Recovery Programme? Can the Put-Call Option Agreement (PCOA) be US Dollar denominated against the Naira to allay fears of international lenders? What is your opinion on the potential solutions advanced by the consultant and/or what other financial mechanisms ...

In a bid to diversify its energy sources and optimise other assets for power production, Nigeria is targeting 30 per cent of its energy needs from renewables by 2030. Mr Babatunde Fashola, the Minister of Works, Power and Housing, made the assertion in a keynote address at the 2018 pre-conference workshop of the Nigerian Association of Petroleum Explorationists (NAPE) in ...

The Minister of Works, Power and Housing, Mr Babatunde Fashola, on Monday, November 19, 2018 said the Federal Government would deploy solar energy systems to 37 universities in the country. Fashola made this known while delivering the 32nd Convocation Lecture of the Yaba College of Technology (YABATECH), titled: “Sustainability of Technological Advancement-A Key to Industrial Growth’’. He said the solar ...

If electricity markets continue to depend on coal-fired power plants – which today account for a third of CO2 emissions – or gas-fired power plants, countries will not be able to meet the long-term climate objectives of the Paris Agreement, the International Energy Agency (IEA) was warned. In a recent World Energy Outlook 2018 report, the IEA examines the impact of ...

A new research has found that large-scale hydropower dams are unsustainable in the developing world. Hydropower is an important source of energy and makes up more than 70 per cent of all renewable energy globally as of 2016. However, new research, published in the journal Proceedings of the National Academy of Sciences of the United States of America, has found that ...