grid infrastructure

UK-based Konexa has finalized a deal that will see Climate Fund Managers and Microsoft’s Climate Innovation Fund invest $18 million to establish Nigeria’s inaugural private renewable trading platform and provide renewable energy to Nigeria Breweries.

Everoze Partner Abdul Sotayo highlights some of the issues that continue to hold back progress on clean energy in Nigeria, where energy poverty remains a problem, despite the nation’s vast solar potential.

PV deployment is gathering pace in the EU member state but grid capacity shortfalls and unpredictable shifts in government policy need to be addressed if the nation is to harness its full solar – and European energy security – potential.

The sheer volume of new power lines which will be required to accommodate the rising tide of solar installations ensures copper has been included by the International Energy Agency on its list of minerals which must keep flowing if the energy transition is to stay on course. And it’s not production that’s the potential bottleneck.

The African Development Bank last year disclosed a plan to install 10 GW of solar in the deserts of the Sahel. A recent summit held in Burkina Faso may have brought the ambitious project a step closer.

DNV GL has issued its annual Energy Transition Outlook. It reports that global electricity demand is set to grow by a factor of 2.5. Over half of this demand is expected to be met with renewable energy by 2050, while storage will play a key role. It adds that grid infrastructure expenditures are less related to variable renewable energy assets than to increasing energy demand. In the current scenario, meanwhile, global warming is likely to reach 2.6°C.