Before 2030, Nigeria would have achieved 30 per cent capacity in renewable energy, according to Babatunde Fashola, minister of Power, Works and Housing. He said Nigeria would invest in renewable power in areas such as Biomass and coal.
He made this remark on Thursday in Abuja after signing a Front-Runner Solar Power Purchase Agreements (PPAs) worth 1.75 billion dollars with 14 companies to build 1.125 Megawatts(MW) capacity of renewable power in Nigeria. He said the agreement shows government’s commitment to diversify Nigeria’s power industry.
Fashola revealed that Nigeria can no longer depend on one source to generate its electricity and the northern region of the country has more sun radiation than other parts which must be adequately explored hence the reason why many of the announced solar energy projects announced are in the northern part of the country.
The minister expressed happiness over the confidence the investors had to invest in Nigeria’s power sector not minding challenges in the industry. He assured the investors that the Federal Government would provide them with good investment climate but would not tolerate low standard in the quality of their projects.
Find below Nigeria’s new renewable energy projects.
Pan Africa Solar will generate 75mw of electricity to be located in Kankia Local Government in Katsina and Nigerian Solar Capital Partners, 100mw located in Ganjuwa, Bauchi state.
Afrinergia Power Limited, 50mw located in Kokowa, Nasarawa State; Motir Dusable Limited, 100 MW in Udi, Enugu State and Nova Solar 5 Farm Limited, 100mw located in Katsina State.
Kvk Power Nigeria Pvt Limited, 100mw located in Yabo of Sokoto state; Middle Band Solar One Limited, 100mw in Lokoja West in Kogi and LR Aaron Power Limited, 100mw in FCT
Nova Scotia Power Development Limited, 80mw located in Dutse; CT Cosmos, 70 MW located in Kaduna West in Kaduna State and Oriental Renewable Solutions, 50mw in Kakowa, Jigawa.
Quaint Abiba Power Limited, 50mw located in Manchor Local Government of Kaduna State and Anjeed Innova Group, 100mw located in Kafanchan, also in Kaduna State.
