Archive For The “Finance” Category

Energy expert tasks FG on solar for electricity

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Energy expert tasks FG on solar for electricity

May 11, 2017 By Editor Originally published on Tribune A solar technology expert, Mr Jude Abalaka says government should create the enabling environment for investments in solar energy to tackle the nation’s power deficit. Abalaka told the News Agency of Nigeria (NAN) on Wednesday in Lagos that solar could work hand in hand with fossil…

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USTDA backs 100MW Dangote Industries solar plant in Nigeria

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USTDA backs 100MW Dangote Industries solar plant in Nigeria

May 4, 2017 By Danielle Ola Originally punlished on PV Tech The grant will be used to conduct a competitive technical feasibility study to investigate the capacity and stability of Nigeria’s grid for the 100MW plant. Source: Flickr/jbdodane The grant will be used to conduct a competitive technical feasibility study to investigate the capacity and…

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Renewables can give 10,000mw with 50% CBN funding – SEPAN

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Renewables can give 10,000mw with 50% CBN funding – SEPAN

May 2, 2017 By Simon Echewofun Originally published on Daily Trust The Sustainable Energy Practitioners Association of Nigeria (SEPAN) has said with 50 per cent of the Central Bank of Nigeria (CBN) power fund, 10,000 megawatts (mw) will be added to the electricity grid before 2020. The president, Dr. Magnus Onuoha, who disclosed this in Abuja,…

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Agreements signed for two solar plants in Nigeria

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Agreements signed for two solar plants in Nigeria

April 27, 2017 by Editor Originally published on Your Renewable news Government-backed wholesaler Nigeria Bulk Electricity Trading (NBET) has signed put call options agreements with two renewable energy developers for solar projects with collective capacity of 120 MW. NBET signed the agreement with Afrinergia Power, a Nigerian renewables developer for the construction of a 50-MW…

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USTDA backs 100MW Dangote Industries solar plant in Nigeria

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USTDA backs 100MW Dangote Industries solar plant in Nigeria

April 27, 2017 By Danielle Ola Originally published on PV Tech The grant will be used to conduct a competitive technical feasibility study to investigate the capacity and stability of Nigeria’s grid for the 100MW plant. The US Trade and Development Agency (USTDA) is backing the development of a 100MW solar plant in Kano State,…

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Access Power selects 50MW Nigeria solar plant as ACF financing winner

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Access Power selects 50MW Nigeria solar plant as ACF financing winner

April 24, 2017 By Danielle Ola Originally published on PV Tech The ACF is the first crowdsourcing origination platform of its kind in operation; designed to provide local project developers with the technical experience, expertise and funding required to bring their projects to life. Source: Access Power The ACF is the first crowdsourcing origination platform…

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Firm to boost solar power generation with N715b

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Firm to boost solar power generation with N715b

March 26th, 2017 by Editor Originally published on The Nation SOLA Nigeria has set machinery in motion to boost solar power energy generation across the country with 13million pounds (about N715b), The Nation has gathered. The fund is to help reputable companies involved in the production of solar energy in Nigeria. Giving this hint at…

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Strancton mulls waste-to power plant for Kaduna

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Strancton mulls waste-to power plant for Kaduna

March 28th, 2017 by Simon Echewofun Originally published on Daily Trust A private developer, Strancton Limited, has announced plans to build a waste-to-power plant in Kaduna State as it engages federal government agencies and stakeholders. The chief executive officer of Strancton, Chief Edozie Njoku, disclosed this in Abuja recently after meeting with key officials of…

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Nigerian Wizkid Builds First Nuclear Fusor

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Nigerian Wizkid Builds First Nuclear Fusor

24th March 2017 by Editor Originally published on PM News Steven Udotong Nigerian teenager, Steven Udotong, has invented a nuclear energy fusor, making him the first black student to attain such feat. A fusor is a device that uses an electric field to heat ions to suitable condition for nuclear fusion. The machine generates an…

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Solar energy may get boost from Africa’s biggest oil exporter

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Solar energy may get boost from Africa’s biggest oil exporter

24 March 2017 by Editor Originally Published on Engineering News Nigeria, Africa’s biggest oil exporter, may be about to turn sunward to generate more of its power. Senators in the capital of Abuja are debating an allocation of $30-million to solar projects in this year’s Budget, according to the Renewable Energy Association of Nigeria (REAN)….

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