Business Hilights

Tracking Nigeria's Headline Business News Online

solar panels
Industry

Solar energy key to sustainable power supply in Nigeria—Power Nigeria

Chevron
Advertisements
Ad 2
Advertisements
Ad 3
Advertisements

A new report released by the Power Nigeria Group, currently planning an international conference on power in Nigeria has revealed that solar is slowly infiltrating every part of society in Nigeria.

In a statement issued in Lagos weekend, the group said the conference taking place from 5-7 September at the Landmark Centre in Lagos, will highlight the need for additional solar capacity in the country and what challenges the country faces to achieve this.

The report also noted that “In 2017, financial closure is expected on at least some of the 14 solar plant projects announced in July 2016. If successful, they’ll bring a total of 1.2GW to Nigeria, largely in the north, far from most conventional generation capacity”.

“Nigeria is Africa’s most populous country and has power capacity of roughly 5GW (at peak in February 2016), but dropped to less than half that in January 2017.

“Half of Nigerians have no access to grid-based electricity. About 40 per cent of Nigerian grid-powered businesses use supplemental energy. The rule of thumb is 1GW is needed per million people, in a fully developed economy. That means Nigeria has a 181GW deficit. The 1.2GW of solar doesn’t make a dent. Yet Nigeria aims for renewables to supply 30 per cent of output by 2030.

“The social consideration is significant in a country suffering terrorist violence in the north, energy vandalism in the south, and poverty levels of 70 per cent. One business solution is to initially provide smart meters only to those who pay bills, and use that revenue to build the infrastructure and subsidize other end-users. Instead, there is a push to get everyone a smart meter at once.

The report also averred that “Despite the push for utility-scale solar, much of Nigeria’s solar power may start off-grid. As Nigeria’s growing community of solar PV entrepreneurs will tell you, anyone with a diesel or petrol generator is a potential solar client. In 2016, Nigeria imported USD23 million worth of solar panels, not including integrated or plug-and-play solar kits. That makes Nigeria the world’s second largest solar panel importer among emerging economies, behind India, according to Bloomberg New Energy Finance”.

‘Most of those panels weren’t meant for utility-scale projects. Nigerians have long sought out their own electricity sources, but for most, solar is not an obvious solution. It’s deemed expensive, they can be serviced poorly, and public awareness is low.

The group added that to help tackle these issues and bring the discussion of solar to the forefront, the Power Agenda conference at Power Nigeria will dedicate a day of discussion to different aspects of the solar chain. Verticals such as Rural, Urban and Hybrid solar will be covered, as well as a session on supporting solar in Nigeria and how pay as you go and mobile payment systems are changing the power business model.

Some of the key speakers on the day are; Olu Ogunlela, Co-Founder, Gridless Africa; Tinyan Ogiehor, Technical Advisor (Solar PV), Solar Nigeria Programme (UK DFID programme); Suleiman Yusuf, CEO, Blue Camel Energy; Ifeanyi Odoh, Regional Sales Manager – Solar Business, Schneider Electric; and Wale Rafael Yusuff, Head of Sales – Nigeria, Clarke Energy.

The 2017 edition of Power Nigeria will be the largest to date and is set to attract over 100 exhibitors from 11 countries, offering visitors a first look of some of the latest products available on the market covering a range of products relating to power generation, transmission and distribution.

LEAVE A RESPONSE

Business Hilights is an online news channel conceptualized and structured to report and track on a daily basis; latest developments in critical business sectors to serve as a one stop news gateway for governments, foreign and indigenous investors.