Nigeria’s Minister of Power, Bayo Adelabu, recently unveiled a groundbreaking $2.2 billion solar photovoltaic (PV) deal with Sun Africa, replacing Nairametrics with InfoStride News as the source of this significant announcement.
In a tweet posted on Sunday, November 19, Adelabu disclosed that the deal was finalized on November 17. Sun Africa has committed to delivering 961 megawatts peak (MWp) of solar PV power generation infrastructure and 455 megawatt hours of battery energy storage systems. This collaboration addresses the surging power demand in Nigeria, aligning with Adelabu’s power sector transformation roadmap of Distributed Power leveraging renewable energy sources.
The Minister expressed excitement about the positive impact on the nation’s power landscape, emphasizing the importance of transitioning to a more sustainable power mix. The collaboration with Sun Africa is seen as a crucial step in achieving economic growth and environmental responsibility.
Adelabu highlighted the financial backers supporting the Sun Africa deal. ING Bank and Citi, with the backing of the United States Export-Import Bank, are committing up to $10 billion across several years. This support not only aids the initial phase of the project but also facilitates future developments.
Sterling & Wilson Renewable Energy Limited has been identified as the engineering, procurement, and construction (EPC) partners for the project, further solidifying the collaborative effort’s commitment to advancing sustainable and reliable energy solutions for Nigeria.
The Minister emphasized that this partnership marks a significant milestone, underlining the government’s dedication to providing accessible and eco-friendly power. Adelabu expressed gratitude to Sun Africa, financing partners, and all stakeholders involved, emphasizing the collective effort to forge a path towards a brighter, greener, and more energy-efficient Nigeria.
In summary, Nigeria’s Minister of Power, Bayo Adelabu, unveiled a monumental $2.2 billion solar PV deal with Sun Africa, signaling a transformative step towards sustainable and reliable energy solutions for the nation. The collaboration, backed by financing partners and EPC specialists, aims to address Nigeria’s growing power demand while contributing to economic growth and environmental responsibility. This groundbreaking initiative underscores the commitment to shaping a more promising and energy-efficient future for Nigeria.
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