Indian EPC Sterling and Wilson is looking to develop up to 250 MW of capacity after international solar project developers recently signed 975 MW of power purchase agreements (PPAs) with the Nigerian Bulk Electricity Trading (BNET) Plc under Nigerias FIT program.
Sterling and Wilson said it was in advanced negotiations with the developers to offer its turnkey EPC solutions for their proposed projects in Nigeria.
The PPAs, agreed earlier this month in one of the first tangible signs of activity in Nigerias large-scale solar sector, will see government-owned NBET snap up the solar power produced for a price of $0.115/kWh.
For its part, Sterling and Wilson hopes to build up to 250 MW of commissioned projects in the next two to three years to add to its growing 1 GW portfolio of completed solar parks globally.
The Indian developer has a 260 MW clean energy pipeline in Egypt, 175 MW in Morocco, 87 MW in South Africa and 7 MW in Niger, so is well positioned to continue to serve Africas growing clean energy appetite. It also has a completed 90 MW solar farm in South Africa under its belt, the company confirmed.
"With the recently announced PPAs of 975 MW, we see huge solar potential opening up in Nigeria," said Sterling and Wilsons solar business president Bikesh Ogra. "We are well positioned to support growth in the solar market in Nigeria through our presence and experience, as more investors are focusing on reliable, bankable solar EPCs that can commission projects on time."
Yesterday, Nigerias government signed a memorandum of understanding (MoU) with Nigus Greenergy and Volt Renewables for the creation of three 100 MW solar PV plants in three of the countrys northern states.
This article was updated on Aug. 8, 2016.
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