Oriental Renewable Solutions, a subsidiary of the Oriental Group has reached an agreement with GreenWish Partners to co-develop the company’s solar power project in Jigawa State. The 50:50 equity partnership will see both firms work together to deliver new capacity of 50MW to Northern Nigeria, BusinessDay reports.
Oriental signed a 20 year, dollar denominated Power Purchase Agreement (PPA) with the Nigerian Bulk Electricity Trader (NBET) for the Jigawa project in July 2016. The agreement formed part of a wider NBET process to sign PPA’s to deliver 1.2GW of solar generation capacity to the Nigerian grid, the first series of solar PPAs ever signed in Nigeria.
The Jigawa solar project will have an output of circa. 96 GWh per year, equivalent to the consumption of more than 650 000 people. The plant will also generate estimated savings of around 354 000 tons of CO2 per year (World Bank data).