Connect with us

Hi, what are you looking for?

CleanTechnica
General Electric has signed a memorandum of understanding with Nigeria to set up five solar power projects of 100 MW capacity each in the west African country. These projects will come up in the states of Borno, Kebbi, Nassarawa, Niger, and Taraba.

Clean Power

GE Will Set Up 500 MW Of Solar PV In Nigeria

General Electric has signed a memorandum of understanding with Nigeria to set up five solar power projects of 100 MW capacity each in the west African country. These projects will come up in the states of Borno, Kebbi, Nassarawa, Niger, and Taraba.

Originally published on CleanTechies.

General Electric has become the latest foreign company to jump on the solar power bandwagon in Nigeria.

According to media reports, General Electric has signed a memorandum of understanding with Nigeria to set up five solar power projects of 100 MW capacity each in the west African country. These projects will come up in the states of Borno, Kebbi, Nassarawa, Niger, and Taraba.

Over the last few months, several foreign companies have either directly or in partnership with local firms signed agreements to set up large-scale solar power projects in Nigeria.

In July, Nigeria Bulk Electricity Trading (NBET) signed the first power purchase agreements with solar power project developers. The NBET signed 12 PPAs with projects of 975 MW cumulative capacity. The developers will sell power from these projects at US¢11.5/kWh for a period of 20 years.

A joint venture between Nigeria-based Nigus Greenergy and South Africa-based Volt Renewables signed an agreement to set up 300 MW of solar power capacity. Paris-based investment company GreenWish Partners and Dubai-based Phanes Group separately signed deals to install 100 MW and 300 MW solar power capacity, respectively.

The development of solar power projects in Nigeria has the full support and regulatory backing of the government. Last year, the Nigerian Electricity Regulatory Commission approved feed-in tariff regulations for renewable energy sourced electricity. As per the provisions of the regulations, electricity distribution companies will be required to source at least 50% of their total procurement from renewable energy sources. The Commission has also mandated that the balance of 50% of the electricity would have to be sourced from Nigerian Bulk Electricity Trading Company.

Reprinted with permission.

 
 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

New Podcast: Cruise Talks Autonomous Driving Tech, Regulations, & Auto Design

New Podcast: Battery Mineral Mining Policies & Regional Trends

Written By

An avid follower of latest developments in the Indian renewable energy sector.

Comments

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.

 

Support our work today!

Advertisement

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports

Advertisement

EV Sales Charts, Graphs, & Stats

Advertisement

Our Electric Car Driver Report

30 Electric Car Benefits

Tesla Model 3 Video

Renewable Energy 101 In Depth

solar power facts

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Clean Power

The Intertubes are practically on fire with news that the Biden administration is putting up $3 billion in funding for a new offshore wind...

Clean Power

The US offshore wind industry awakens from a 20-year slumber as the massive Vineyard Wind 1 project (finally) passes another milestone.

Aviation

The U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) recently announced the release of funding to several organizations working on electric aircraft, including...

Cars

Nigeria’s BrightCloud Automotive is hoping to jump into the electric SUV and pickup space, starting with its proposed Knight SUV that will come in...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.