Home Electricity Government and other stakeholders invest $20bn in 20 solar projects

Government and other stakeholders invest $20bn in 20 solar projects

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 in its latest reports has revealed that the three stakeholders in the power sector namely

The Federal Government, state governments and the private sectors have invested over $20 billion in solar power projects.

This is contained in the latest report of Future Energy Nigeria, which indicated that the solar power projects were undertaken as part of efforts to prop up power sector and boost the its supply across the country.

According to the reports, the projects are: $479 million Shiroro project in Niger State, $5 billion utility-scale solar project in Delta State, $2.3 billion University of Ilorin solar power plant and $1 billion FirstGate solar park.

The reports disclosed other viable projects namely: GreenWish partners plant, Motir DuSable Solar Power Plant – Phase I, Motir DuSable Solar Power Plant – Phase II, Panyam solar project, Nova Scotia power project, Dutse, Manchok Ranch solar power project, Kankia Solar Power Plant, Kaduna solar power project, Osun solar park, Kumbotso solar plant, Ekiti solar power plant, Nasawara solar power plant, Black Rhino-Dangote solar project among others.

The report added that: “Northern Nigeria has some of the highest solar irradiation in the world. Solar power plants are environmentally friendly as they emit no carbon into the atmosphere.

“They have a much shorter construction time than conventional plants. A number of feasibility studies have been carried out in the solar space in recent years. The best yields are in the northern part of the country where the irradiation exceeds 2200KWh/m2, the southern part of the country also has good yields in certain areas,” the report reads.

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