At COP29 in Baku, multilateral development banks (MDBs) announced a commitment to collectively mobilize significant financial support to help countries meet ambitious climate goals. By 2030, MDBs estimate they will direct USD 120 billion annually towards low- and middle-income countries, with a portion allocated to adaptation efforts

Solar has been gaining popularity for years now, but in 2023 the clean energy source really took off: A staggering 428 gigawatts’ worth of solar was installed worldwide last year, up by 76 percent from what was deployed in 2022, per new BloombergNEF data. That’s more than double the industry’s recent growth rates.

More than 1.4 million unserved and underserved people in Nigeria have been impacted through the implementation of the Rural Electrification Agency’s 2023 Capital projects, driven by several renewable energy initiatives.

“Nigeria is leading all of Africa in bringing distributed renewable energy to communities that have not yet benefited from low-cost, affordable, and reliable electricity access,” Rajiv Shah, President of the Rockefeller Foundation, shared with FORBES AFRICA in the country’s commercial capital, Lagos, during a recent three-day visit.

The Minister of Power, Adebayo Adelabu says the Federal Government, FG is addressing power deficit by using alternative energy sources, such as windfall, solar and mini-grids.

Amidst the push for renewable energy adoption, the heart of the matter lies in the delicate balance between technological progress and economic empowerment. The local content act of 2010, aimed at boosting Nigerian participation in the oil and gas industry, finds parallels in renewable energy. The need to build a local ecosystem for solar panels,...

Sixty-three years after independence, Nigerians are still suffering from energy poverty with no end in sight. Homes are dark and businesses are in ruins. While many uninformed citizens may not appreciate the dark cloud of misery hanging over the country, experts have advised that urgent steps must be taken by the government to rescue the economy...

To mitigate climate change, experts have reiterated the need to encourage use of alternative energy sources like solar, hydropower, wind and biomass, which are clean, reliable and accessible.

The concept of satellites beaming power down to Earth is gaining traction but challenges remain The British astronaut Tim Peake is backing the idea of solar farms in space, using satellites to capture solar energy and beam it down as microwaves to ground stations. A satellite in geostationary orbit about 36,000km (22,700 miles) above Earth could...

The Chief Upstream Investment Officer, NUIMS, NNPC Ltd., Bala Wunti has emphasised the need for a balance in managing energy transition. He made the disclosure at the 46th edition of the Nigeria Annual International Conference and Exhibition (NAICE) held recently at the Eko Hotel, Lagos.