Blog

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.

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 […]