Sun King, one of the leading off-grid solar providers, has secured an $80 million, fully Naira-denominated loan facility to scale access to off-grid solar energy in Nigeria. The loan, a partnership with International Finance Corporation (IFC) and Stanbic IBTC Bank, will enable households and small businesses to adopt clean, reliable solar power without prohibitive upfront […]

The Abia State Government is partnering with the European Union (EU) on a renewable energy initiative, Solar for Health project, aimed at improving electricity access in healthcare facilities across the state. Commissioner for Power and Public Utilities, Mr Ikechukwu Monday made the disclosure during a press briefing following the State Executive Council meeting in Umuahia. […]

The Federal Government has powered 24 federal institutions by solar energy under the “Energising Education Project.’’ Minister of Education, Tunji Alausa, who made the disclosure on Wednesday in Abuja, at the Collaboration Agreement Signing Ceremony with the Vice Chancellors of beneficiary institutions, said eight more universities have signed collaboration agreements to join the fourth phase […]

The United Nations Development Programme (UNDP) says Nigeria loses more than N2 billion per year as a result of poor, inefficient and unpredictable electricity supply. UNDP Resident Representative Elsie Attafuah made the disclosure on Monday at the “First National Legislative Conference and Expo on Renewable Energy,” which took place in Lagos. The event was organised by the […]

President Bola Tinubu is scheduled to meet with the leadership of Power Generation Companies (GenCos) over a N4-trillion debt. The Minister of Power, Mr Adebayo Adelabu disclosed this in a statement in Abuja on Sunday through his Special Adviser, Strategic Communications and Media Relations, Mr Bolaji Tunji. The minister said the planned meeting with President […]

The Federal government is set to enter into a partnership agreement with South Korea on solar and eletric vehicles technology. Thus was disclosed by Vice-President, Kashim Shettima when he receiveda delegation from South Korea’s Asia Economic Development Committee (AEDC) led by its Chairman, Yoon Suk-hun, who paid him a courtesy visit at the Presidential Villa […]

The Rural Electrification Agency (REA) has signed grant agreements with nine renewable energy companies to provide electricity access to 17.5 million Nigerians. This is the first signing under the World Bank-funded Distributed Access through Renewable Energy Scale-Up (DARES) project, following its official launch in 2024. The companies are: Privida Power Limited, Baobab Plus, Salpha Energy, […]

The Federal Government’s plan to ban the importation of solar panels could lead to about a 150 per cent rise in the cost of solar installations, and would not only slow down energy transition from the grid but also an increase in electricity challenges. This planned implementation could also worsen the already humongous energy poverty […]