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UPDATE - Nigeria signs PPAs for a gigawatt of solar power

Solar panels. Author: Frédéric BISSON. License: Creative Commons, Attribution 2.0 Generic.

July 22 (SeeNews) - Nigeria signed at an official ceremony on Thursday the power purchase agreements (PPAs) for about a gigawatt of solar power generation capacity to be built in the country.

Local media reported earlier in July that a dozen solar projects have been awarded PPAs with the Nigerian Bulk Electricity Trading Plc (NBET). The list includes power plants with capacities of between 50 MW and 100 MW.

At yesterday’s event in Abuja, the federal minister for power Babatunde Raji Fashola said the country would reach a 30% renewables share before 2030. The federal government sees the quality of project execution as being of great importance, he noted.

As previously announced, Pan Africa Solar has signed a PPA for a 75-MW project in Katsina state. It wants to develop a 1-GW solar portfolio in Nigeria, CEO Marcus Heal has said, as cited by Business Day.

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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