Alternative Energy

Total signs SPG with UNITAR to promote plastic recycling in Nigeria

Jun 20, 2019

Total in Nigeria and the United Nations Institute for Training and Research (UNITAR) have signed a Special Purpose Grant (SPG) to reduce plastic pollution and help save the environment. Mr Charles Ebereonwu, the Manager, Corporation Communications of Total, said in Lagos on Thursday that the agreement was signed on April 1, 2018 in Lagos and…

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Stakeholders canvass support for renewable energy to reduce pollution in Nigeria

Jun 19, 2019

To mitigate the effects of air pollution, experts have called for the use of renewable energy solutions. Indeed, they argued that governments, industries, communities, and individuals should come together and explore renewable energy and green technologies to improve air quality in the society. The experts spoke during an event organised by the Lagos State Environmental Protection Agency (LASEPA),…

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Renewable energy unlikely to overtake oil for decades – OPEC scribe

Jun 19, 2019

The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr. Mohammad Barkindo, has said the upcoming meeting of the group and its non-OPEC member allies led by the Russian Federation will deliberate more on keeping the global oil market balanced and stable in the midst of threatening pressures. Mohammad, said this at the…

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Renewable energy investment in 2018 hit $288.9bn, exceeding fossil fuel investment

Jun 19, 2019

Global investment in renewable energy hit USD 288.9 billion in 2018, with the amount spent on new capacity far exceeding the financial backing for new fossil fuel power, according to new figures published today. These numbers, produced by BloombergNEF (BNEF), are being published today as part of REN21’s Renewables 2019 Global Status Report. The numbers…

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Nigeria’s REA, Ethiopian delegates in bilateral exchange over accelerating mini-grids

Jun 18, 2019

As part of REA’s strategic engagement with vital stakeholders geared towards encouraging beneficial exchange of ideas, an Ethiopian delegation visited the REA office for a peer-to-peer exchange on the 30th of May, 2019. The visit by the Ethiopian delegation was geared towards fostering a peer-to-peer exchange on the building blocks to accelerating mini-grids deployment. The…

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MESL raises Kainji, Jebba hydro power plants output by 462MW

Jun 18, 2019

The Managing Director, Mainstream Energy Solutions Limited (MESL), Engr. Lamu Audu, has said the firm improved the capacity of Kainji and Jebba plants by 462 megawatts (MW). When it took over their operations in November 2013, MESL said it met zero MW at Kainji, and 460MW at Jebba plant. MESL is the concessionaire of Kainji…

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Finnfund finances energy efficient solar power solutions in Nigeria

Jun 16, 2019

Finnish development financier Finnfund has signed a pioneering 5 million US dollar long-term senior debt financing to Starsight Power Utility Limited group. Starsight offers solar-diesel-battery hybrid generation and efficient cooling and lighting solutions to commercial and industrial clients throughout Nigeria. Starsight’s solution will cut the customer’s use of fossil fuels by up to 70% thanks…

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Mines ministry spends N20bn from intervention fund

Jun 11, 2019

The immediate past Minister of State, Mines and Steel Development, Alhaji Abubakar Bwari, revealed that about N20 billion has been spent from the N30 billion mining Intervention Fund given to the ministry. Bwari disclosed this to the newsmen on the sideline of the get together party organised by the ministry for him on Tuesday in…

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Renewables now the lowest-cost power source in most of the world – IRENA

Jun 9, 2019

Solar power’s leading role in driving the energy transition – and the decarbonization of other sectors required to stave off catastrophic climate change – has once again been highlighted in a major global study. The International Renewable Energy Agency (IRENA) has published a study that not only signals the end times for coal-fired power, thanks…

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Nigeria serious about adding nuclear to its energy mix – ROSATOM Exec

Jun 9, 2019

To tackle its power challenge, the Federal Government is partnering ROSATOM, the Russian government-owned nuclear agency. In a recent interview with The Nation, ROSATOM’s Central and Southern Africa Chief Executive Officer Dmitry Shornikov said Nigeria is serious and on course to utilize nuclear energy as part of its energy mix in the near future. When…

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