Boost for electricity as new firm is set to begin 1GW Solar PV manufacturing plant in Nigeria

The Nigerian government has signed a Memorandum of Understanding (MoU) to set up a gigawatt (1GW) Solar PV manufacturing plant in the country as part of efforts to boost electricity in Nigeria.

The Infrastructure Corporation (Infracorp) inked the agreement with Solarge BV of the Netherlands and the African Green Infrastructure Investment Bank at the last 28 sessions of the Conference of Parties (COP28) in Dubai, UAE.

Lazarus Anbgaso said the project’s objective was to revolutionize Nigeria’s energy sector and elevate the economy to $1 trillion via sustainable and climate-resilient infrastructure.

Vanguard reports that the Minister of Power, Adebayo Adelabu, said at the summit that the current power situation in Nigeria is alarming, with insufficient transmission, limited distribution capacity, and other challenges working against generation.

Adelabu assured the international community that President Bola Tinubu is dedicated to fulfilling his promise, stating that enormous stress on the national grid triggers outages affecting daily lives in Nigeria.

According to the Minister, renewable energy is no longer just a future aspiration but a present necessity.