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REA HOLDS ROUNDTABLE MEETING WITH POWER PROJECT DEVELOPERS UNDER THE ENERGIZING ECONOMIES INITIATIVE FOR EFFECTIVE SERVICE DELIVERY
March 30, 2022 Abuja, Nigeria – The Rural Electrification Agency held a roundtable meeting with Energizing Economies Initiative (EEI) Private Power Developers at the Corporate Headquarters on March 24, 2022. Discussions at the roundtable were centered on identifying implementation gaps, improving service delivery and strengthening of the initiative to achieve the desired goal of providing...
Read MoreRussia Invasion Sparks Renewable Energy Stock Surge
As oil prices jump, solar and clean-energy plays also advance. As oil prices have surged around Russia’s invasion of Ukraine, shares of renewable energy companies also jumped, with the war strengthening the argument to build renewable energy capacity, observers said.
Read MoreUK Announces £10 Million Investment in Nigeria’s Clean Energy Sector
The U.K. plans to expand low-carbon energy projects throughout Nigeria via a £10 million investment, which will be mobilized through Nigeria’s infrastructure finance institution, InfraCredit.
Read MoreChevron buys Renewable Energy Group
U.S. energy major Chevron will acquire the outstanding shares of renewable fuels firm Renewable Energy Group for $3.15 billion in cash. The acquisition combines renewable fuels production of Renewable Energy Group with Chevron’s large manufacturing, distribution, and marketing position.
Read MoreInvestment in solar production key to bridging grid supply gaps
As grid supply remains inadequate to meet domestic demand for electricity, the Senior Policy Advisor, Solar Power Europe, Miguel Herrero Cangas, has urged policy makers to channel their investment decisions into solar projects for sustainable economic recovery.
Read MoreWorld Bank, AfDB electrification project financing for Nigeria hit $550m – FG
The Federal Government on Thursday put the financing for the Nigeria Electrification Project obtained from the World Bank and African Development Bank at $550m. It said the project, which was under the management of Rural Electrification Agency, a Federal Government organisation, would ensure the provision of affordable power to millions of Nigerians.
Read MoreOsinbajo Launches Nigeria Integrated Energy Planning Tool With Other Global Leaders
The Federal Government of Nigeria will today launch the Integrated Energy Planning Tool in collaboration with Sustainable Energy for All (SEforALL). The Nigeria Integrated Energy Planning Tool, powered by extensive geospatial modeling and layers of data, is the first truly integrated energy planning platform that incorporates the requirements for universal residential electrification, institutional electrification, powering...
Read MoreClean, sustainable energy is Nigeria’s priority —Osinbajo
Vice President Yemi Osinbajo has said that in line with the President’s announcement at COP26 in Glasgow for Nigeria’s commitment to net-zero emissions by 2060, Nigeria has made it a priority to provide clean, sustainable and reliable energy access to her citizens.
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