Alternative Energy

Nigeria needs to give priority to renewable energy post COVID 19 – REAN President

May 20, 2020

Renewable Energy should receive top priority in Nigeria’s Economic Sustainability Plan post COVID-19 and should be mainstreamed into the strategy for increasing domestic power supply. The President of the Renewable Energy Association (REA), Mr. Segun Adaju, said this as a guest on WebTV’s “Market Review” program which explored the subject “Post COVID 19:Focus on Renewable…

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Global renewables addition to drop 13% in 2020 over COVID-19 related challenges – IEA

May 20, 2020

Global renewable power capacity additions in 2020 are expected to drop by 13% year-on-year to 167 GW, marking the first annual decline in two decades, a new report says. The International Energy Agency (IEA) released its Renewable Market Update on Wednesday in which it says that the COVID-19 crisis could lead to construction delays and…

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Renewable energy transition to accelerate on drop in electricity demand

May 20, 2020

The global plunge in electricity demand will drag on long after nations lift stay-at-home orders, leading to the biggest annual drop since the Great Depression and fundamentally reshaping power markets. As economies struggle to recover, worldwide electricity consumption will decline 5% in 2020, the most in more than eight decades, according to the International Energy…

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Nigeria’s sovereign wealth fund kicks off tender for 10MW solar park

May 18, 2020

The Nigeria Sovereign Investment Authority (NSIA) is seeking proposals for a 10 MW grid-connected solar plant in Kumbotso, Nigeria. The Nigeria Sovereign Investment Authority (NSIA), an entity that manages the country’s sovereign wealth fund, has issued an expression of interest (EOI) to pre-qualify developers interested in building a 10 MW solar plant in the Kumbotso…

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Hydrogen a priority on oil and gas industry’s decarbonisation horizon

May 15, 2020

Hydrogen has surged up the priority list of many oil and gas organizations, taking a primary position in the sector’s decarbonisation efforts, according to a new report by DNV GL. The classification society said on Thursday that a fifth of senior oil and gas industry professionals claimed their organization was already actively entering the hydrogen…

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Presidency recants, says Mambilla Power not beneficiary of returned Abacha loot

May 15, 2020

The Presidency has recanted its earlier position that the Mambilla Power and East-West Road projects would also be financed with the returned $311m Sani Abacha loot. A presidential spokesperson, Garba Shehu, in a statement on Wednesday, said the recently repatriated Abacha loot would go towards three of the Federal Government’s five priority projects, excluding the…

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Kashimbilla Dam to add 40MW of electricity to national grid

May 14, 2020

The Federal Executive Council (FEC) has approved N47 billion for the provision of additional 40 megawatts of electricity to the national grid. Minister of Power, Sale Mamman, told journalists on Wednesday that the 40 megawatts would be evacuated from Kashimbilla Dam in Taraba State where it is currently being generated. The approval followed a memo…

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FG, North-South Power ink Gurara 30MW hydropower concession agreement

May 13, 2020

The Federal Government on Tuesday signed a concession agreement for the Gurara 30 megawatts hydropower plant with North-South Power Company Limited. The Minister of Water Resources, Suleiman Adamu, stated that following the agreement, all was now set to put the hydropower plant into sustainable operation towards increasing access to electricity in Nigeria, especially in Kaduna…

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Using renewables to reach climate objectives will require 500% more minerals by 2050

May 13, 2020

The production of minerals such as graphite, lithium and cobalt will have to increase by 500% by 2050 to meet the growing global demand for clean energy. This is the main information in the report “Minerals for Climate Action: The mineral intensity of the clean energy transition” published by the World Bank. According to the…

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GVE Projects provides solar to Covid-19 isolation centres in Enugu, Rivers

May 12, 2020

Indigenous renewable energy firm, Green Village Electricity (GVE) Projects, said it is supporting efforts of the Nigerian Centre for Disease Control (NCDC) against the Covid-19 with stable power supply to isolation centres in Enugu and Rivers states using solar generation sources. A statement by GVE’s Managing Director, Mr. Ifeanyi Orajaka, stated that the company deployed…

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