The African Development Bank (AFDB) says it has committed 1.2 million dollars grant to support the feasibility study of the Nigeria Battery Energy Storage System (BESS). The grant is under AfDB’s under Energy Transition Catalyst Programme Dr Abdul Kamra, Director-General, Nigeria Country Department, (AFDB) made this known at the Inaugural Workshop of the BESS Feasibility…
Renaissance Africa Energy Company Limited has announced that it is taking actionable steps to address electricity and clean energy shortages in Nigeria and across Africa. Mr Tony Attah, Managing Director of Renaissance, made the remark in a statement issued by the company’s spokesperson, Mr Michael Adande, in Port Harcourt on Wednesday. According to the statement,…
Ecobank Nigeria, a subsidiary of Ecobank Group, has been selected as one of five Nigerian banks to participate in the GET.Invest Enabling Domestic Green Energy (EDGE) Finance Programme. The initiative, funded by European donors, aims to scale up green energy financing and investment across developing nations. A statement by the bank on Tuesday, said the…
Nigeria is to host the 4th African Natural Resources and Energy Investment Summit (AFNIS) to boost the continent’s natural resources through smart, cross-sector collaboration for sustainable growth. This is contained in a statement issued by Mr Segun Tomori, Special Assistant on Media to the Minister of Solid Minerals Development, Dele Alake on Monday in Abuja….
The Presidency says Nigeria’s 209 trillion cubic feet of proven gas reserves have been positioned as the nation’s key asset for energy transition and economy diversification. Mrs Olu Verheijen, Special Adviser to President Bola Tinubu on Energy, stated this in an interview with the News Agency of Nigeria (NAN) in Abuja on Sunday. Verheijen,who was…
The Rural Electrification Agency (REA) on Monday signed grant agreements with nine renewable energy companies to provide electricity access to 17.5 million Nigerians. The companies are, Privida Power Limited, Baobab Plus, Salpha Energy, Asolar, NTA-StarTimes, A4&T Power Solutions, Sunking Greenlight Planet, Bboxx, and D.Light. The News Agency of Nigeria (NAN) reports that this marks the…
Olu Verheijen, Special Adviser to the President on Energy, says Federal Government is committed to advancing infrastructure development for the blending, storage and distribution of Liquefied Petroleum Gas (LPG) as part of its plans for 2026. Verheijen stated this at the ongoing 6th West African LPG Expo in Lagos on Monday. She noted that the…
Thirty African Heads of State and Government have committed to concrete reforms and actions aimed at expanding access to reliable, affordable and sustainable electricity. This initiative is designed to power economic growth, improve the quality of life, and create jobs across the continent. The leaders pledged their commitment in a declaration during the just concluded…
Organisers of the West Africa LPG Expo 2025 have announced plans to bring together global and regional energy leaders to accelerate West Africa’s clean energy transition. Mr Jeffrey Leung, Director of the LPG Expo, disclosed this in a statement on Monday in Lagos Leung said that the expo, scheduled to hold in March, in Lagos,…
The global market for clean energy technologies is set to grow from 700 billion dollars last year to more than 2 trillion dollars by 2035. This is according to analysis published by the International Energy Agency (IEA) on Wednesday. Trade in clean energy technologies such as photovoltaics, wind turbines, electric cars, batteries and heat pumps…
