Alternative Energy

REA positions to power 20,000 MSMEs with $200m renewable energy project

Apr 2, 2020

Nigeria will need all the ideas it can muster to grow its flailing power sector which is why the federal government in partnership with African Development Bank (AfDB) launched the $200 million Nigeria Electrification Project (NEP) to provide off-grid energy devices and machinery to 20,000 micro, small and medium-sized businesses. The off-grid solution project under…

Read More

Nigeria’s first electric car will cost N316 for full charge – Stallion Motors

Apr 1, 2020

Stallion Motors, one of Nigeria’s auto assemblers and franchisee of nine global brands, has said Nigeria’s first electric car, Hyundai–Kona, expected from its auto plant before the end of this year will cost N316 to fully charge. The car which is expected to hit the market before the end of 2020, comes with five years…

Read More

All On announces N180m COVID-19 solar relief fund to power emergency healthcare in Nigeria

Apr 1, 2020

Nigerian off-grid energy impact investing company All On, seeded by Shell, today announced N180 million in assistance to renewable energy companies, Auxano, Arnergy, GVE and Lumos to provide solar power for emergency health centers in support of the response to fighting the COVID-19 pandemic.  The four companies, all investees of All On, have been selected…

Read More

Total partners Next2Sun to develop vertical two-sided solar panels for agrivoltaic purposes

Mar 31, 2020

The French energy company Total has teamed up with the German Next2Sun to deploy the Next2Sun solution on the French market as a whole, with the exception of the Alsace region. This solution consists in the construction of photovoltaic power plants made up of two-sided panels installed vertically. This particular arrangement allows the panels to…

Read More

Taraba accepts delay in takeoff of Mambilla hydropower project

Mar 23, 2020

The Taraba State government has partially accepted delaying the takeoff of the Mambilla Hydro Power Project in Sardauna Local Government Area of the State. In a press briefing with selected Journalists in Jalingo, Commissioner for Information and Orientation, Danjuma Adamu said the delay was as a result of due diligence the State was following in…

Read More

Coal currently world’s most expensive fossil fuel

Mar 23, 2020

Coal, the dirtiest and usually the cheapest option for energy, is now the world’s most expensive fossil fuel. Oil’s epic collapse over the past month means the global crude benchmark is now priced below the most widely traded coal contract on an energy-equivalent basis, according to Bloomberg calculations. Australia’s Newcastle coal on ICE Futures Europe…

Read More

Solar-powered traffic lights tested in Lagos

Mar 23, 2020

In Nigeria, the Lagos State Government has commenced testing the use of solar-powered traffic lights in a bid to tackle the lack of electricity for traffic control, which caused congestion in the state. The announcement was made by the state’s Deputy Governor, Dr Obafemi Hamzat, in an interview with the News Agency of Nigeria (NAN)…

Read More

Access Bank completes N15bn Green Bond cross-listing

Mar 20, 2020

Access Bank has completed the listing of its N15 billion green bond on the Luxembourg Stock Exchange (LuxSE). The 15.50 per cent fixed rate, unsecured climate-credential green bond is the first of its kind to be issued by a Nigerian corporate and represents a major milestone in the development of the local green finance market.…

Read More

Stallion Motors set to launch first ever electric car in Nigeria

Mar 20, 2020

Stallion Motors, Nigeria’s representative for Honda, Hyundai, Nissan, Volkswagen, Porsche, Audi, Skoda, Changan, and Ashok Leyland has concluded plans to launch the first ever electric vehicle in Nigeria, by July this year. The all New Hyundai Kona is set for official launch in few months time, as the production process has been on boarded. When…

Read More

Global wave and tidal stream energy production increases tenfold

Mar 19, 2020

Global wave and tidal stream energy production has risen tenfold over the last decade, according to a report issued by Ocean Energy Systems (OES). The OES annual report shows cumulative energy produced from wave and tidal stream sources surged from less than 5 GWh in 2009 to 45 GWh in 2019. Numerous other wave and…

Read More

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...