The Snake Island Integrated Free Zone is starting its energy transition implementation programme. The special economic zone developed by the Nigerian shipping company Nigerdock has just been equipped with a rooftop solar photovoltaic plant. The recently commissioned facility is the result of a partnership between Nigerdock and Lagos-based solar energy provider Daystar Power. According to […]

Evtec Energy project manager has signed an agreement with financial technology group MICT to build a 110 MWp solar PV plant. The plant will provide clean energy to a factory being built in Delta State in southern Nigeria. The plant of MICT’s subsidiary Tingo Foods is under construction in the village of Ishiekpe in Onicha […]

New IRENA report shows investment in renewables is cost‑effective, delivering economic growth and jobs, while achieving global climate and sustainable development objectives. Nearly 60 per cent of Nigeria’s energy demand in 2050 can be met with renewable energy sources, saving 40 per cent in natural gas and 65 per cent in oil needs at the […]

Shell New Energies Holding Europe BV (Shell) announced it has acquired Green Tie Capital’s (GTC) platform of ten medium mature solar energy projects across Spain, with potential for two gigawatts of solar power generation capacity. Óscar Fernández, Shell Spain country chairman: “Shell’s Group strategy is to be a leading player in the energy transition, in the markets in […]

Equinor has signed an agreement to buy BeGreen, a leading solar project developer in North-West Europe. The acquisition strengthens Equinor’s capabilities and portfolio within solar PV. “BeGreen represents an important building block to our industrial renewables position in Europe, in line with our ambition to be a leading company in the energy transition. BeGreen has […]

The construction of the 58 MW Stępień solar plant in Poland is completed, and the plant is ready for operation. Stępień was developed and will be operated by Wento, Equinor’s 100% subsidiary. In 2021, Equinor bought the Polish solar developer Wento and its pipeline of solar projects across Poland. Less than 1.5 years after the […]

CrossBoundary Energy Access Nigeria (CBEA) and ENGIE Energy Access Nigeria (ENGIE)  have signed a project finance agreement to build a $60 million portfolio of mini-grids that will connect over 150,000 people to electricity in Nigeria. ENGIE has developed a pipeline of mini-grids to build over the next four years. CBEA will finance all of the […]

Hotspot Network Ltd. (HNL), a leading telecommunications service provider, and Husk Power Systems, operator of the largest fleet of rural solar-hybrid microgrids, today announced a partnership in Nigeria to transition mobile towers from diesel generation to solar power, and to bundle electricity and connectivity solutions for off-grid communities. The two companies have already converted nearly […]

Solar energy provider westa.solar is taking on €1.5 million in mezzanine debt to expand its business in Nigeria. The company, which is very active with commercial and industrial (C&I) customers, obtained its loan from the African and Austrian Investment Fund for SMEs (AAIF). As its business grows remarkably, solar energy provider westa.solar is getting a […]

Amea Power, a company specializing in the development of thermal and renewable energy projects, plans to build a 50 Megawatt solar power plant in Oyem in the Woleu-Ntem province. We learned in a note from the Ministry of Investment Promotion on February 2. This project was presented on February 1, 2022 to the Minister of Investment […]