Despite huge budgetary allocations to the power sector from one administration to another, Nigerians have continued to spend their hard earned money, running into billions of naira, on installation of solar-powered energy.

Electricity is a necessity for any thriving economy. For several years, however, factors such as inadequate infrastructure, inefficient legal/regulatory frameworks, and limited private sector participation have impeded the availability of reliable and affordable electricity to millions of Nigerians. Following the constitutional amendments, the enactment of the Electricity Act, 2023 (the “Act“), which repeals the Electricity and...

As part of deliberate efforts to boost investment in the alternative energy sector, the management of Odyssey Energy Solutions has signed a $100 million Memorandum of Understanding (MoU) with Renewable Energy Association of Nigeria (REAN) for the procurement of solar equipment.

If the global community is to hit its net-zero goals, renewable energy capacity must triple by 2030. That’s the genesis behind the new partnership between the International Renewable Energy Agency (IRENA) and Masdar, a clean energy powerhouse doing business globally.

Energy Commission of Nigeria (ECN), Frankfurt School of Finance and Management as well as United Nations Environment Programme (UNEP), are collaborating to disseminate results and knowledge learnt from the implementation of clean energy.

InfraCredit has been featured by the World Economic Forum (WEF) as a case study solution in its community paper on ‘Mobilising Investments for Clean Energy in Nigeria’.

According to the International Energy Agency, over 140 million people do not have access to energy in Nigeria, about 71% of the country’s population

The President, Major General Muhammadu Buhari (retd), has signed into law the constitutional amendment allowing states in the country to licence, generate, transmit, and distribute electricity. This was made known in a tweet by the presidential media spokesperson, Tolu Ogunlesi, on Friday. He tweeted, “President #MBuhari has signed 16 constitution amendment bills into law. By...

The World Bank has said that it has deployed 100 solar-powered mini-grids in Nigeria under its National Electrification Project, adding that its market-driven approach has expedited the process. The bank disclosed this in a statement yesterday, and added that powering 380 million people in Africa by 2030 would require the construction of more than 160,000...