Nigeria is set to install 420 MW of solar plants in nine of the countrys 36 states with financial support from Germany.
Nigeria's National Energy Council Secretary Alhaji Ibrahim Njiddah announced this week that the project would be implemented under the Nigerian-German Energy Partnership-Renewable Energy and Efficient Energy Projects.
As reported in Nigerian newspaper Vanguard, the government signed an agreement with Germany in 2008 to invest 20 million ($27.5 million) to increase energy efficiency in the country through a mix of power generation sources. Under the project, the German government will bankroll 500 MW of solar energy across the northern states of the country within five years.
The pilot program will begin initially begin in the nine states of Adamawa, Bauchi, Benue, Borno, Gombe, Kaduna, Kano Nasarawa and Sokoto but is expected to eventually cover all the northern states.
Most of the states are expected to receive a 30 MW solar plant, although Kano and Nasarawa may get more installations situated at different locations. The plants are budgeted at between $50 million and $60 million.
The project is in line with the West African country's Power Reform Act, which stipulates that 5% of power generation must come from renewable energy by 2020.
Nigeria's Infrastructure Bank will serve as the transaction advisor and local financier arranger for the project with the aim of assisting the Nigeria-German energy partnership to structure the project, finding local investors and ensuring proper project management.
Popular content
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
Share
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.