Alternative Energy

Total Nigeria looks to drive growth with solar business

Jun 28, 2019

Total Nigeria Plc will optimise the vast potential of its solar business in Nigeria to drive its growth and sustain improved returns to shareholders. At the annual general meeting yesterday in Lagos, Chairman, Total Nigeria Plc, Stanislas Mittelman, said the company will use solar power to power its 60 stations in order to ensure stability…

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Mini grids have potential to bring electricity to half a billion people – New World Bank study

Jun 27, 2019

Mini grids, previously viewed as a niche solution, can provide electricity to as many as 500 million people by 2030, helping close the energy access gap, according to a new World Bank report. The combination of falling costs, dramatic increase in quality of service, and enabling policies has made mini grids a scalable option to…

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Startups attempt to rescue Nigeria’s dire power situation

Jun 27, 2019

Energy is an essential factor for reducing poverty and boosting economic growth. But across Nigeria, there is inadequate energy to spur the much- needed development. About 70 per cent of households are either off-grid or have a ‘bad grid’ connection with less than four hours of electricity per day, according to a report by Dalbery.…

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FG seeks China’s support for Mambilla hydropower project’s immediate takeoff

Jun 27, 2019

Nigeria has appealed for China’s support for the immediate take-off of the $5.8 billion Mambilla hydropower project in Taraba State. “Nigeria, in particular, would appreciate the immediate take-off of the Mambilla hydropower project and the resuscitation of the Lake Chad,” Nigerian Ambassador to China, Baba Ahmad Jidda, said in Beijing at the Coordinators’ Meeting on…

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Microsoft initiative, Nigerian firm look to connect 10,000 SMEs to solar power

Jun 27, 2019

Global tech giant, Microsoft, through its 4Afrika initiative, has partnered with ICE Commercial Power, a Nigerian-based renewable energy provider to provide reliable solar power to 10,000 Small and Medium Enterprises (SMEs) across Nigeria for the next two years. The Chief Executive Officer, ICE Commercial Power, Emmanuel Ekwueme, who disclosed this in a statement, said the…

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Minerals sector development imperative to Nigeria’s economic diversification – PM Ministry of Mines

Jun 27, 2019

The urgent need to develop the nation’ s minerals and metals sector that would serve as catalyst in diversifying the country mono-product economy  has been re-emphasized. The Permanent Secretary, Ministry of Mines and Steel Development, Dr. Abdulkadir Mu”azu, stated this while declaring open the third phase of the second edition of the Nigeria Metallurgical Industry…

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Nigerian solar firm, Rensource receives FT, IFC commendation, award

Jun 25, 2019

Rensource Distribution Energy Limited, an Energy firm has bagged the Transformational Business Awards, also known as ‘the Oscars of the renewables’. The award was conferred on it by the International Finance Corporation and Financial Times for exceptional work on reversing the trend of power shortages in Nigeria. A statement by Ms. Adedoyin Adelakun, Head, Corporate…

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Eni/NNPC, FAO launch solar-powered water schemes in Nigeria’s North-East

Jun 24, 2019

IN an effort to improve access to water among the conflict-affected in the northeast, the Food and Agriculture Organisation of the United Nations (FAO) and Eni, through its Nigerian subsidiary Nigerian Agip Exploration (NAE), commissioned a water scheme in Bama, Borno State, Nigeria. The scheme, involving a solar-powered borehole, is the 10th established as part…

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Nigerian solar firm Arnergy secures $9m in financing

Jun 24, 2019

Nigerian distributed utility company Arnergy has closed a USD-9-million (EUR 7.9m) Series A funding round led by Breakthrough Energy Ventures (BEV). The state-owned Norwegian Investment Fund for Developing Countries, better known as Norfund, the EU-backed EDFI ElectriFI electrification financing initiative and independent impact investing company All On took part in the transaction as well. Arnergy…

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Nigeria sees top ‘last mile’ funding flow into its off grid sector

Jun 22, 2019

Nigeria’s off grid electricity market is steadily becoming the darling of funders and investors, and this is despite its market entry challenges – FX instability, country’s insecurity, and customs levies. While it is not clear if investors in the market enjoy any form of tax holidays as they come in, it is however certain that…

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