Alternative Energy

REA MD/CEO meets with U.S. mini grid developer, MCA Sun Africa

Jan 24, 2020

The MD/CEO of REA, Ahmad Salihijo received a team of US-based mini grid developers for discussions on investments in Nigerian mini grid space, geared towards powering Nigerian communities. MCA Sun Africa is a U.S.-based joint venture that has developed renewable energy projects in Africa with a focus on utility scale solar and mini grid projects.…

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UK pledges N28.6bn to clean energy projects in Nigeria, Africa

Jan 23, 2020

The United Kingdom government has pledged clean energy project investments in Nigeria and across Africa above N28.6 billion (£50 million) ahead of the UK-hosted UN Climate Summit (COP26) later this year. The investment commitment, held at the just concluded UK-Africa investment summit in London, saw clean energy projects across Africa and new links forged between…

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USADF, All On open 2020 Nigeria Off-Grid Energy Challenge

Jan 23, 2020

The United States African Development Foundation (USADF) and All On have officially opened the application window for the 2020 Nigeria Off-Grid Energy Challenge, which will provide up to $100,000 in blended finance per enterprise for successful applicants. The 2020 application window opened on January 15 and closes on February 29, 2020. The Rockefeller Foundation is…

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Renewables in the global energy mix must double by 2030 to reach climate targets – IRENA

Jan 18, 2020

The share of renewable energies in the global energy mix will have to double by 2030 to reach climate targets. Renewable energy will have to supply 57% of the energy consumed at the start of the next decade, compared with 26% currently. This is what emerges from the new study “10 years: Progress to Action”…

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Renewable energy could create 40m jobs by 2050

Jan 15, 2020

IRENA report findings released alongside the launch of new Sustainable Energy Jobs Platform during 10th Assembly Abu Dhabi, United Arab Emirates, 10 January 2020 – Renewable energy could employ more than 40 million people by 2050 under the International Renewable Energy Agency’s (IRENA) climate safe energy path, according to a report published by the Agency during…

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FG raises inter-ministerial steering committee on Mambilla hydro power project

Jan 15, 2020

President Muhammadu Buhari has approved the constitution of two  committees for the Mambilla Hydroelectric Power Project in Taraba State.  They are the Inter-Ministerial Steering Committee (IMSC) and Project Delivery Committee (PDC). The Minister of Power Sale Mamman will chair the Inter-ministerial Steering Committee, while the Director in-charge of Renewable Energy in the Power Ministry will…

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REA MD/CEO meets with Korean Ambassador over renewable energy projects

Jan 15, 2020

The Korean Ambassador to Nigeria, H.E. Lee In-Tae, visited REA earlier today where he met with the MD/CEO of REA, Ahmad Salihijo & other top management staff of the agency. Photo shows Ambassador Lee, along with the team representing KIAT (Korean Institute for Advancement of Technology) At the meeting, both teams discussed and shared thoughts…

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FG releases compensation funds for N2tn Mambilla hydropower project

Jan 13, 2020

The Federal Government has released funds for compensation of those whose land and other property will be affected by the construction of 3,050 megawatts Mambilla Hydropower Power plant. Minister of Power, Sale Mamman, who disclosed this on Friday through a statement issued by his media aide, Emmanuel Bello, said that survey work for the project…

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Global offshore wind turbine market to see 22.5% growth

Jan 12, 2020

A new report on the global offshore wind turbine market released by Frost & Sullivan anticipates a growth of 22.5% for this sector between 2018 and 2025. Annual market revenue generation is expected to increase from $7.4 billion to $30.5 billion during the forecast period. Factors driving the market include: Technological improvements such as increased-capacity…

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Global solar Installations to grow by additional 142GW in 2020

Jan 9, 2020

Global solar installations will continue double-digit growth rates into the new decade, according to the new 2020 Global Photovoltaic (PV) Demand Forecast by IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions. New annual installations in 2020 will reach 142 gigawatts (GW), a 14 % rise over the previous year. The…

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