Nigeria, US Firm Mulls $2.2 Billion Renewable Energy Solution
The Federal Government and a US-based renewable energy solutions provider, Sun Africa LLC, are currently collaborating on a deal that will enhance Nigeria’s power landscape.
The minister of power, Bayo Adelabu, disclosed this while sharing the vision during his visit to Cotonou, Benin Republic.
He said the collaboration aims to deliver 961 megawatts peak (MWp) of solar photovoltaic (PV) generation infrastructure and 455 megawatt-hours (MWh) of battery energy storage systems, amounting to a $2.2 billion investment.
Adelabu said this initiative by the Economic Community of West African States (ECOWAS) promises “seamless power transmission and market-driven energy trading across the West African sub-region.”
“This collaboration is a crucial step in transitioning to a more sustainable power mix, vital for economic growth and environmental responsibility,” he emphasized.
The commitment from Sun Africa aligns with the power sector transformation roadmap of the Federal Government, focusing on distributed power leveraging renewable energy.
The World Bank had earlier notes that 85 million Nigerians lack access to electricity, and if left unaddressed, this figure is expected to rise to 94 million by 2030.
