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.

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.

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.

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.

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...

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.

In the last decade, the off-grid solar industry has become a key solution to quickly deliver clean energy access to low-income and hard-to-reach communities. It currently serves 420 million people and has helped mitigate over 150 million metric tonnes of CO2e (according to GOGLA estimates), while enabling remote and vulnerable populations to adapt and become more resilient to climate...

The use of solar energy has garnered a positive and necessary impact on the socio-economic status of citizens in Nigeria.

The Nigeria Sovereign Investment Authority (NSIA), the institution that manages Nigeria’s sovereign wealth fund, is allocating $24 million (10 billion naira) in funding for renewable energy. This investment is aimed at the deployment of more than 200,000 solar home systems in Nigeria.

The Securities and Exchange Commission (SEC) has reiterated the need to facilitate the issuance of green and sustainable instruments in the Nigerian capital market to assist in financing solar energy and other environmentally friendly infrastructure.