SolarQuarter - Africa Nov-Dec Issue 2023 by SolarQuarter

EMPOWERING, INSIGHTFUL, ENGAGING

SOLAR VENTURES IN NIGERIA OPPORTUNITIES AND CHALLENGES

VOL 3 | ISSUE 6

Africa

SOLAR ENTREPRENEURS IN NIGERIA NAVIGATING THE PATH TO SUCCESS

Nov Dec 2023

THE RISE OF OFF-GRID SOLAR TRANSFORMING NIGERIA'S

CONTENT NEWS | 04-11

PUBLISHING

Investment Project Tender Green Hydrogen Think Tank

Firstview Media Ventures Pvt. Ltd.

EDITING Sadhana Shenvekar Mohan Gupta editorial@firstviewgroup.com

CONTENT Sadhana Shenvekar Mohan Gupta publishing@firstviewgroup.com

DESIGNING

SPECIAL FEATURE | SUCCESS STORY | 12

COMPANY FEATURE | 13

IN CONVERSATION

Neha Barangali Radha Buddhadev design@firstviewgroup.com

19 MICHAEL IWU

CHARLES EGUMA

OLU ARUIKE

VP Commercial,

Assistant Chief Technical Officer,

Country Director, Nigeria

Rensource Energy

SUBCRIPTION subscribe@firstviewgroup.com

ADVERTISE WITH US Contact: Smriti Charan e: smriti@firstviewgroup.com

FEATURED INTERVIEW

CIRCULATION Sadhana Shenvekar

HUSK Power Systems

Energy Commission of Nigeria

ADVERTISING Smriti Charan Andrew Ferreira advertise@firstviewgroup.com

SEUN EDUN

DOTUN TOKUN

VP Commercial, Nigeria

Managing Director,

PowerGen Renewable Energy

Solarmate Engineering Limited

RESEARCH 25

COVER STORY

POLICY RESEARCH

TECH STORY

MARKET RESEARCH

SPECIAL STORY

BUSINESS INSIGHTS

CURRENT AFFAIRS

MILICENT CHIDAMBA SADC Sales Director,

Jinko Solar

SOLARQUARTER AFRICA

NOV-DEC Issue 2023

AFRICA NEWS Nov-Dec 2023

Investment > Bboxx and EnerTech Announce $100 Million Electrification Platform, Pledging Access to Clean Energy for Millions in Africa In a landmark announcement at COP28, Bboxx and EnerTech revealed a groundbreaking partnership forming an electrification platform valued at up to $100 million. This transformative initiative aims to bring clean energy, clean cooking, e-mobility services, and innovative products to millions across Africa. Bboxx, known for its data-driven super platform, and EnerTech, a Kuwaitbased innovator specializing in end-to-end sustainability solutions, have joined forces to drive impactful change across sub-Saharan Africa. Their collaboration anticipates expanding Bboxx’s reach from serving 3.6 million people to impacting 36 million individuals by 2028.

SCZONE Collaborates With Engazaat And CHINT Global: Inking Strategic Deal For 2 Million Sq. Meter Green Energy Industrial Park In Egypt Mr. Waleid Gamal El-Dien, Chairman of the General Authority of the Suez Canal Economic Zone (SCZONE), joined forces with Mr. Mohamed El-Demerdash, Managing Director of Engazaat, and Mr. Jeff Cai, General Manager of CHINT Global, to sign a strategic cooperation agreement. The signing took place within SCZONE’s pavilion in the Green Zone. It marked a pivotal step towards the creation of an expansive 2 million square meter industrial park for green energy technology within SCZONE. This collaboration, aiming to develop, establish, and operate the integrated industrial park, aligns with SCZONE’s commitment to advancing a green economy strategy in harmony with Egypt’s vision in the energy sector. The agreement is poised to propel SCZONE closer to its goals in vital industrial sectors.

Acumen Unveils $250 Million Hardest-to-Reach Initiative To Propel Clean Energy Access In Africa Acumen, a renowned impact investor, unveiled its groundbreaking $250 million initiative, Hardest-to-Reach, aimed at catalyzing clean energy markets in underserved regions across Africa. The initiative, dedicated to realizing universal energy access, was introduced at COP28’s SDG7 Pavilion, garnering support from key backers, including the Green Climate Fund (GCF). Hardest-to-Reach represents the inaugural blended finance endeavor exclusively committed to expanding clean and affordable energy access for low-income populations in overlooked African markets. Notable contributors to the initiative include USAID Power Africa, Sir Christopher Hohn, The Global Energy Alliance for People and Planet (GEAPP), and Shinhan Bank.

SOLARQUARTER AFRICA

BII Fuels Climate Progress With $55 Million In Six Global Initiatives, Including Planet Solar In Sierra Leone And SunCulture In Kenya British International Investment (BII), the UK’s development finance institution, declared a substantial $55 million climate finance injection, spotlighting its commitment to addressing climate challenges globally. The investments, initially revealed by UK Prime Minister Rishi Sunak at COP28, aim to support the nation’s most vulnerable to the climate crisis. One significant investment involves $9.8 million in Planet Solar, Sierra Leone’s pioneering solar independent power producer, set to enhance the country’s power supply by approximately 30%. This move addresses Sierra Leone’s urgent need for clean and affordable energy, impacting economic growth and living standards.

STANLIB Launches Khanyisa Energy Transition Fund To Drive Green Investments In South Africa And Beyond STANLIB, a leading asset manager, is introducing the STANLIB Khanyisa Energy Transition Fund, aiming to mobilize crucial capital from long-term investors for South Africa’s energy transition and future expansion across the continent. Johan Marnewick, head of STANLIB’s Credit Alternatives, emphasizes the fund’s role in providing accessible capital for the energy transition, aligning with the disruptive technological revolution. The fund, seeded with R3 billion of Renewable Energy Independent Power Producer Programme (REIPPP) assets from Standard Bank and Liberty, addresses the key concerns voiced at COP 28, focusing on securing substantial, predictable, and appropriate support for climate actions and just transitions. With an initial scale and diversity from the REIPPP assets, the fund aims to grow into a $1 billion (R18.5 billion) initiative over time.

NOV-DEC Issue 2023

AFRICA NEWS Nov-Dec 2023

Investment > Mercedes-Benz South Africa Powers Toward Sustainability With R100 Million Solar Investment

Cambodia’s Clean Energy Drive Attracts $65.5 Million Investment For 60 MW Solar Power Plant Investment projects in clean and renewable energy play a crucial role in the Cambodian government’s efforts to reduce emissions from fossil fuels. This strategy not only addresses environmental concerns but also aims to decrease electricity prices in Cambodia. By attracting financiers to invest directly in the country, Cambodia aims to enhance its ability to export products internationally. Recently, the Council for the Development of Cambodia approved a $65.5 million investment for SchneiTec Vibrant Co Ltd to construct a 60-MW solar power plant in Svay Rieng province.

Mercedes-Benz South Africa (MBSA) is reaffirming its commitment to environmental sustainability with a substantial investment of R100 million in a groundbreaking initiative. The company plans to install 22,847 photovoltaic (PV) solar panels at its East London manufacturing plant, utilizing solar energy to generate electricity and contribute significantly to carbon reduction in the manufacturing process. This ambitious project, constituting the second phase of MBSA’s journey towards achieving net carbon-neutral manufacturing, aligns with Mercedes-Benz’s broader sustainable business strategy known as Ambition2039. By 2030, the automotive giant aims to cover more than 70% of its energy demand in production with renewable energies.

Montego Invests R33 Million In Solar Energy Conversion For Manufacturing Plant In response to South Africa’s ongoing energy challenges, Montego, a prominent pet nutrition brand, has invested R33 million in converting one of its manufacturing plants to operate on solar energy. This move follows a previous R22 million investment in a dedicated solar installation at its Graaff-Reinet facility in 2019. The recent R11 million investment aims to enhance energy resilience.

ICIEC And Standard Chartered Join Forces For Solar Electrification Project In Senegal At COP28

IFC Leads $68.3 Million Investment In CRDB Bank’s Debut Green Bond In Tanzania

At COP28 in the United Arab Emirates, The Islamic Corporation for the Insurance of Investment and Export Credits (ICIEC), a multilateral credit and political risk insurer, and Standard Chartered, a leading international bank, signed a Non-Honoring of Sovereign Financial Obligation (NHSFO) agreement. This landmark agreement supports the funding of a crucial project for the Senegal government’s Ministry of Finance, aiming to procure and install 50,000 off-grid solar-powered streetlamps across Senegal’s rural areas, marking significant progress in the nation’s renewable energy pursuit. The ambitious project, valued at EUR 103 million, focuses on utilizing solar energy to power streetlights in rural areas, enhancing the quality of life, and supporting economic activities reliant on consistent energy access.

IFC, a member of the World Bank Group, has made a strategic investment in CRDB Bank Plc’s inaugural green bond in Tanzania, marking a significant move to boost financing for climatefriendly development projects in the country. The investment, equivalent to $20 million in Tanzanian shillings, represents 29.3 percent of the bond, which was oversubscribed by 429 percent, raising $68.3 million.

OPEC Fund’s 50 million loan bolsters SMEs and promotes green energy in West Africa In a strategic move to bolster the development of small and medium-sized enterprises (SMEs) and advance green energy initiatives in West Africa, the OPEC Fund for International Development (OPEC Fund) has recently inked a significant €50 million loan agreement with the West African Development Bank (BOAD). Under this agreement, sub-loans will be extended across member countries of the West African Monetary Union (WAMU) – including Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo – through various financial institutions.

SOLARQUARTER AFRICA

NOV-DEC Issue 2023

AFRICA NEWS Nov-Dec 2023

Investment >

Project > Scatec Secures 103 MW Battery Storage Project In South African Government Tender Scatec ASA, a prominent renewable energy player, has clinched the preferred bidder status for the Mogobe (Ferrum) battery energy storage project, a significant move in South Africa’s renewable energy landscape. This achievement comes under the Battery Energy Storage Independent Power Producer Procurement Programme (BESIPPPP) of the Department of Mineral Resources and Energy. The project, totaling 103 MW with a 412 MWh capacity, signifies Scatec’s pivotal role in the country’s transition towards renewable energy.

EnVolt Marks Milestone With ₹510 Million Green Bonds Issuance In Mauritius EnVolt, a subsidiary of the ENL group focusing on renewable energy development, has successfully concluded its inaugural green bonds issuance, raising ₹510 million (USD 11 million). This marks a crucial milestone in its multi-currency green bond program, totaling Rs 2 billion (USD 45 million). The funds will contribute to the construction of 13 new solar farms across the island, with a cumulative capacity of 14 MWp. ENL, the parent company, had initially invested Rs 175 million in equity.

World Bank Backs South Africa’s Clean Energy Transition With $1 Billion Funding

Malakoff Supports NETR’s Green Mobility Initiative By Providing Solar Power Solutions To Railway Assets Corporation And Keretapi Tanah Melayu Berhad

The World Bank Board has pledged its support to South Africa’s endeavors in achieving long-term energy security and transitioning to a low-carbon economy through a substantial $1 billion Development Policy Loan (DPL). The loan aims to address the country’s ongoing energy crisis and promote a sustainable energy transition. Marie Francoise Marie-Nelly, World Bank Country Director for South Africa, expressed her satisfaction with South Africa’s decisive reforms in response to the energy crisis, highlighting the potential benefits for the nation, particularly its most vulnerable households, the economy, the environment, and the ongoing energy transition.

Malakoff Corporation Berhad, through its subsidiary, Malakoff Radiance Sdn Bhd, has inked a significant solar agreement with the Railway Assets Corporation (RAC) and Keretapi Tanah Melayu Berhad (KTMB). The collaboration aims to develop, operate, and maintain carport and rooftop solar systems across railway stations, depots, and a park-and-ride terminal in Perak, Pulau Pinang, Selangor, Johor, and Negeri Sembilan. With an expected electricity savings of RM 9.7 million for RAC and KTMB, this project, totaling 1.42 MWp capacity, is forecasted to play a pivotal role in reducing an annual 19,376 tCO2e equivalent to preserving 484,400 matured trees.

Air Liquide And Sasol Ink New Contracts For An Extra 100 MW Of Renewable Power At The Secunda Site, South Africa Air Liquide and Sasol have inked Power Purchase Agreements (PPAs) with Mainstream Renewable Power, a global wind and solar company. The agreements secure a long-term supply of 97.5 MW of renewable power to Sasol’s Secunda site in South Africa, where Air Liquide operates the world’s largest oxygen production facility. This collaboration marks the third set of PPAs between Air Liquide and Sasol, following earlier agreements with Enel Green Power and TotalEnergies, bringing the total renewable power capacity to around 580 MW.

SOLARQUARTER AFRICA

NOV-DEC Issue 2023

AFRICA NEWS Nov-Dec 2023

Project >

Nigeria’s Solar Leap: Daystar Power And Nigerian Breweries Unveil 4.2 MWp Solar And Battery Storage Project

Chad Invites Firms For Solar Energy Project Oversight: 30MW Photovoltaic Plant And Storage System

Daystar Power, a leading provider of hybrid solar power solutions in Africa, has inked a significant agreement with Nigerian Breweries to deploy a 4.2 MWp solar plant and a 2 MWh battery storage system. This groundbreaking installation is poised to become one of the largest solar and battery storage projects for an industrial manufacturer in Nigeria. The hybrid solar solution is anticipated to generate 5,249 MWh of electricity annually, constituting 42% of Nigerian Breweries’ daytime power consumption at its Lagos brewery.

The Republic of Chad, backed by World Bank funding for the Regional Urgent Intervention Project in the Solar Energy Sector (RESPITE), invites eligible consulting firms to express their interest in providing services for the construction oversight of a 30MWac Photovoltaic power plant, 60MWh Storage System, 90 KV line, and a 90/33 Kv substation. The project aligns with Chad’s commitment to sustainable energy and is crucial for achieving its environmental goals.

Antaisolar Signs 50 MW Solar Project With Bpa And Fsg, Accelerating Renewable Energy Development In Africa Antaisolar, the leading supplier of the whole industry chain in PV mounting systems, has recently built a partnership with Ghana’s governmental renewable energy developer BPA, and the national infrustraction contractor FSG. With the partnership, Antaisolar committed to supply solar ground mounting systems for a 50MW PV power plant in Yendi, Ghana.

Central African Republic Launches 25-MW Solar Park To Power Capital And Boost Sustainable Development In a landmark move towards sustainable development, the Central African Republic inaugurated the Danzi Solar Park, a 25-megawatt solar facility equipped with battery storage, situated just 18 kilometers from the capital, Bangui. President Faustin-Archange Touadera and World Bank Vice President for Western and Central Africa, Ousmane Diagana, officiated the inauguration, marking a significant stride in the country’s commitment to reducing reliance on fossil fuels.

EGENCO Announces Groundbreaking Ceremony For 10 MW Salima Solar Power Project Electricity Generation Company (Malawi) Limited (EGENCO) has revealed plans for a groundbreaking ceremony marking the commencement of the 10-MW Salima Solar Power Project. Set to take place on Wednesday, November 22, 2023, at Nanjoka in Salima district, the event will be honored by the presence of the Minister of Energy, Honourable Ibrahim Matola. The project represents the initial phase of a scalable 20MW Solar Power Plant, to be executed in two 10MW phases.

SOLARQUARTER AFRICA

NOV-DEC Issue 2023

AFRICA NEWS Nov-Dec 2023

Project > Mainstream Renewable Power Secures Financing For 97.5 MW Solar PV Farm Through Corporate PPAs In South Africa Mainstream Renewable Power, a global leader in wind and solar energy, has recently closed financing for a substantial 97.5 MW solar photovoltaic (PV) farm in South Africa. This initiative, owned predominantly by Aker Horizons ASA, is set to house 20-year Power Purchase Agreements (PPAs) with industry giants Sasol and Air Liquide.

Somalia Unveils 3.5 MW Solar Plant Funded By ADFD In a significant stride towards bolstering Somalia’s energy infrastructure, a newly inaugurated solar project, financed by the Abu Dhabi Fund for Development (ADFD), stands as a beacon of sustainable energy in the country. With a robust production capacity of 3.5 MW, this initiative specifically targets addressing the electricity requirements of Bosaso, the bustling commercial hub within the state of Puntland.

Exxaro Resources Unveils Lephalale Solar Project, Advancing Renewable Energy Goals Exxaro Resources and its subsidiary Cennergi unveiled the Lephalale Solar Project (LSP) on November 16, marking a ceremonial start to the utility-scale behind-the-meter solar photovoltaic (PV) plant located in Limpopo. The 68 MW capacity plant will directly supply power to Exxaro’s Grootegeluk coal mine under a 25-year agreement, meeting around 30% of the mine’s total power needs.

PV Hardware Secures Deal To Provide Solar Trackers For 230 MW Project In Egypt PV Hardware (PVH) expands in Africa with a groundbreaking 230 MW project in Egypt, marking a stride towards sustainable energy. Partnering with ACWA Power and CEEC-ZTPC, PVH overcomes challenges, contributing to Egypt’s ambitious renewable goals.

South Africa’s Eastgate Shopping Centre Embraces Green Transformation With 5.74 MW Rooftop Solar Expansion Eastgate Shopping Centre is transforming with the addition of 5.74 MW of solar power. The project is conducted in stages to minimize disruption, with premanufactured steel components accelerating the construction process.

Chariot’s R1 Billion Solar Project To Generate 40 MW For Tharisa Mine In South Africa Construction is scheduled to commence next year on a R1 billion solar energy project aimed at providing electricity to the Tharisa mine in South Africa’s North West province. The Rustenburg-based project is designed to generate up to 40MW of photovoltaic power to supply electricity to Tharisa Minerals’ platinum group metals and chrome mine.

Mkango Unveils Ambitious Solar Initiative For Sustainable Rare Earth Mining In Malawi Mkango, a rare earth element (REE) mining company, intends to construct three solar photovoltaic (PV) plants with a total capacity of 25 MW at its Songwe Hill project in Malawi, aiming to provide sustainable electricity for mining operations. The company’s first environmental, social, and governance (ESG) report emphasizes an energy and electricity consumption plan to minimize operational energy needs and mitigate negative impacts.

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Cuamba Solar And Energy Storage Plant Begins Commercial Operations: A 19 MWp Powerhouse By Globeleq, Source Energia, And EDM Illuminates Mozambique Globeleq, a prominent independent power company in Africa, along with project partners Source Energia and Electricidade de Moçambique (EDM), is delighted to announce the official commencement of commercial operations at the Cuamba Solar PV and energy storage plant. EDM, the Mozambican national power utility, confirmed the commencement of operations on September 12, 2023, marking a pivotal moment in Mozambique’s renewable energy journey.

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AFRICA NEWS Nov-Dec 2023

Tender >

Green Hydrogen > HDF Energy And Falcon Capital Dakhla Forge Partnership For Green Hydrogen Project In Morocco

JPS Invites Bids For 115 MW Solar And 171.5 MWh Battery Projects In Jamaica Jamaica Public Service Company Limited (JPS) is seeking applications for the engineering, procurement, and construction services for a 115 MW utility-scale solar plant, a 171.5 MWh battery energy storage system, and a 12 MW wind plant at unspecified locations in the Caribbean country. JPS, the state-owned utility company, recently announced the auction for various solar, battery, and wind projects. The projects include a 115 MW solar plant, multiple battery energy storage systems (1 to 50 MW each, totaling 171.5 MWh), and a 12 MW onshore wind facility.

The Moroccan Agency For Sustainable Energy Announces List Of Pre-Qualified For The Noor Midelt III Solar Project Masen, the Moroccan Agency for Sustainable Energy, continues to make strides in the development of the Noor Midelt complex, following the High Instructions of His Majesty King Mohammed VI. In a move to accelerate the growth of renewable energy projects, Masen today disclosed the pre-qualified consortiums and companies selected for the next phase of the Noor Midelt III solar project. Launched in the summer of 2023, the selection process is aimed at identifying the private partner responsible for designing, financing, constructing, operating, and maintaining the third power plant within the Noor Midelt solar complex, named “Noor Midelt III.”

Hydrogène de France (HDF Energy), a prominent developer of large-scale green hydrogen infrastructure and high-power fuel cell manufacturer, is set to co-develop the White Dunes project, a groundbreaking initiative focused on establishing a green hydrogen production plant in Morocco’s Dakhla region. The collaboration is facilitated by HDF Energy’s upcoming minority stake in the project, solidifying a robust partnership with Falcon Capital Dakhla, a leading Moroccan developer. The White Dunes plant is strategically designed to produce highly competitive green hydrogen by employing electrolysis powered by solar and wind energy, a unique feature in the Dakhla region. As part of Morocco’s Green Hydrogen tender, the project could potentially achieve a capacity of 10 GW of wind energy, 7 GW of solar energy, and 8 GW of electrolysis. The initial phase, requiring an estimated investment of 20 billion Moroccan Dirhams, is currently in development.

KfW Commits €23.1 Million To Boost South Africa’s Green Hydrogen Economy In Partnership With Industrial Development Corporation In a significant move toward fostering a sustainable hydrogen economy, the German Federal Ministry for Economic Cooperation and Development (BMZ) has partnered with KfW, signing a contract with South Africa’s state-owned promotional bank, the Industrial Development Corporation (IDC). The agreement involves an investment of EUR 23.1 million to initiate a promotional program aimed at building a sustainable hydrogen ecosystem. Under this program, the IDC will utilize the funds to finance reference projects focusing on the large-scale production and utilization of green hydrogen and its by-products. These projects include the development of hydrogen-powered lorries and buses for long-haul transport, sustainable aviation fuel production, and the manufacturing of green ammonia for export.

KenGen Launches 40 MW Floating Solar Project Tender In Kenya Kenya Electricity Generating Company (KenGen) is seeking consultants to assess the viability of a floating solar power plant with a potential capacity of around 40 MW. The project, backed by the German Development Bank (KfW), aims to be situated on the Kamburu Hydropower Plant Reservoir in Kenya. KenGen had previously conducted a pre-feasibility study in 2020, recommending a 40 MW floating PV project on the Kamburu dam due to factors such as minimal water level variation, simplified design, robust infrastructure, lower operating and maintenance costs, and reduced permitting costs as it would be owned by KenGen.

SOLARQUARTER AFRICA

NOV-DEC Issue 2023

AFRICA NEWS Nov-Dec 2023

GreenHydrogen >

Think Tank >

Charting A Green Future: TNPA Issues RFI For Hydrogen Initiatives At South African Ports In support of South Africa’s transition into a low-carbon economy, Transnet National Ports Authority (TNPA) has issued a Request for Information (RFI) for the development of a terminal facility and related facilities for hydrogen initiatives at its commercial seaports. The RFI assesses market interest in developing, designing, constructing, financing, operating, and maintaining an import and export terminal for hydrogen initiatives. This includes green hydrogen, green ammonia, green methanol, and or grey hydrogen at the ports of Cape Town, Durban, East London, Mossel Bay, Ngqura, Port Elizabeth, and Saldanha.

South African Government Grants SIP Status To Phelan Green Energy’s Hydrogen Project The South African Government has granted Strategic Integrated Project (SIP) status to Phelan Green Energy’s hydrogen project, a significant recognition aimed at accelerating the development of crucial infrastructure to advance South Africa’s green hydrogen goals. Phelan Green Hydrogen plans to invest R47 billion ($2.5 billion) to establish the largest green hydrogen project in Saldanha, Western Cape, capable of producing 85,000 metric tonnes of green hydrogen and its derivatives annually. The company anticipates its first exports of green hydrogen derivatives in 2026, with a projected annual revenue of R6 billion ($320 million).

EU Launches Team Europe Initiative To Develop Green Hydrogen In Mauritania On the eve of the Global Gateway Forum in Brussels, European Commission President Von der Leyen and Mauritanian President Mohamed Ould Ghazouani have unveiled the Team Europe Initiative, a collaborative effort aimed at advancing green hydrogen industries and promoting clean energy in Mauritania. This initiative, a part of the EU’s Global Gateway offer, represents a crucial step towards supporting the energy transition and decarbonization of Mauritania’s economy.

ArcelorMittal South Africa Explores Green Hydrogen For Sustainable DRI Production ArcelorMittal South Africa (AMSA) is exploring the production of green hydrogen directly reduced iron (gHDRI) at its dormant Saldanha Steel Works in the Western Cape. A memorandum of understanding has been signed with an undisclosed “developer of transformational energy solutions” for this purpose. The investigation will focus on using green hydrogen in the Saldanha Works’ Midrex process to produce gHDRI, which could be exported or used domestically. South Africa’s potential to become a low-cost green hydrogen producer is bolstered by its abundant natural resources and the drive to reduce production costs.

SOLARQUARTER AFRICA

Africa’s Clean Energy Roadmap: Report Highlights $2.9 Trillion Investment Potential In Renewables And Green Hydrogen Africa is poised for an unprecedented energy transformation, driven by its burgeoning population, rapid urbanization, and the pressing need to align with global climate goals. This transformation will unlock a $2.9 trillion investment opportunity over the next three decades, with renewable energy and green hydrogen emerging as the cornerstones of Africa’s sustainable energy future. Africa’s energy landscape is set to undergo a radical transformation to meet the growing demands of its burgeoning population, projected to double by 2050. This surge in population will necessitate a significant increase in energy consumption, with an estimated doubling of energy needs by 2050. Renewable energy sources, including solar, wind, and hydropower, will play a pivotal role in meeting Africa’s growing energy needs while simultaneously addressing climate change concerns. By 2050, renewable energy is expected to account for around 95 percent of installed capacity, with solar and wind power taking center stage.

Investing in Sunshine: The Future of Solar Markets in Mali And Emerging Business Trends As the world increasingly turns towards sustainable and renewable energy sources, the sun-drenched landscapes of Mali present a promising frontier for solar investments. Positioned in West Africa, Mali boasts abundant sunlight throughout the year, making it an ideal candidate for harnessing solar power. The confluence of favorable geographical conditions, a burgeoning demand for energy, and a growing commitment to sustainability create a compelling narrative for investors eyeing the solar markets in this African nation. Mali’s geographical location near the equator ensures consistent sunlight, offering a substantial solar energy potential waiting to be harnessed. The country experiences an average of over 3,000 hours of sunlight annually, making it an attractive destination for solar projects. The vast expanses of uninhabited land provide ample space for the development of large-scale solar installations, further enhancing Mali’s appeal to investors in the solar sector. The cumulative installed solar capacity in the country will be close to 70 MW by 2023.

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AFRICA NEWS Nov-Dec 2023

Think Tank > IEA Report: Uganda’s Renewable Riches And Policy Initiatives Toward Climate Target

Empowering Progress: Navigating Challenges And Charting Solutions In Mauritania’s Solar Market Outlook 2024 In the vast expanses of the Mauritanian desert, a silent revolution is underway—a transformation fueled by the boundless energy of the sun. The solar market in Mauritania is at a crucial juncture, teeming with potential yet grappling with a myriad of challenges. As we gaze into the solar market outlook for 2024, the journey unfolds as a narrative of empowerment, navigating challenges, and charting innovative solutions. The installed solar PV capacities in the country achieve above 90 MW. At the heart of this journey lies the challenge of finance, where the aspirations of solar projects often collide with the stark reality of limited funding. Mauritania’s solar ambitions demand significant investment, and unlocking sustainable financial avenues is key. Innovative financing models, ranging from public-private partnerships to international collaborations, present themselves as beacons illuminating the way forward. By fostering a conducive environment for both domestic and foreign investors, Mauritania can not only secure the necessary funding but also establish itself as an attractive destination for solar investment.

SOLARQUARTER AFRICA

In a major stride towards achieving its ambitious energy and climate objectives, Uganda’s commitment to clean electricity is highlighted in a comprehensive report released recently by the International Energy Agency (IEA). The study, launched at an event in Kampala, underscores Uganda’s substantial natural resources and dedication to expanding energy access. The report, presented at the event by IEA Deputy Executive Director Mary Burce Warlick alongside Uganda’s Minister of State for Energy, Okaasai Opolot, and Norway’s Ambassador to Uganda, Anne Kristin Hermansen, offers a thorough examination of Uganda’s energy sector. The analysis, conducted in collaboration with Uganda’s Ministry of Energy and Mineral Development, plays a crucial role in shaping the country’s Energy Transition Plan. Set to debut during the upcoming COP28 climate change conference in Dubai, Uganda’s Energy Transition Plan is a cornerstone of its commitment to the goals outlined in the Paris Agreement. The IEA report commends Uganda for possessing the technical expertise, government institutions, and policy frameworks necessary to reach its energy and climate targets, positioning the country as a regional leader in high-quality energy data.

Bright Prospects: Mapping The Growth Trajectory Of Uganda’s Solar Industry In 2024 In recent years, the solar industry in Uganda has been steadily on the rise, powered by the country’s abundant sunshine and a growing commitment to renewable energy sources. As we enter 2024, the market outlook for Uganda’s solar industry appears brighter than ever. This column maps the growth trajectory of this burgeoning sector and highlights the key factors contributing to its promising prospects. The outlook for Uganda’s solar industry in 2024 is undeniably positive. With government support, declining costs, technological advancements, and growing international interest, the industry is poised for substantial growth. The continued expansion of solar energy access to rural areas, increased adoption in the commercial and industrial sectors, and progress toward achieving SDGs all point to a bright future for Uganda’s solar industry. As solar power continues to play a vital role in the country’s energy landscape, it promises economic development, environmental benefits, and improved quality of life for its people.

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Special Feature | success story

JA Solar retains highest AAA rating in PV ModuleTech bankability rankings PV Tech has released its bankability rankings for the fourth quarter of 2023, with JA Solar once again receiving the highest AAA rating based on its consistently solid financial performance, continuous technological innovation and highly reliable product quality. The company has now achieved this rating for several consecutive quarters, demonstrating its high level of recognition in the global PV market. As one of the world's leading module manufacturers, the company has for many years produced high-efficiency and highquality products to meet the diverse needs of its global customers, its DeepBlue series modules gaining popularity with customers around the world for their high efficiency, high power, high generating capacity and high reliability. As of the end of September 2023, JA Solar's cumulative shipments had reached 166GW, of which 23.95GW was shipped during the first half of the year, placing the company at the forefront of the industry. According to the PV Tech report, JA Solar has driven the progress of the PV industry with its leading technological advantages. As the global PV market enters the n-type era, the company has launched DeepBlue 4.0 Pro, a new generation of n-type highefficiency module adopting Bycium+ cells, SMBB and high-density module encapsulation technologies, featuring lower degradation, higher bifacial power generation and enhanced hightemperature power generation performance. The 72-cell version of the module can achieve a power of 635W with an efficiency of 22.8%, making it one of the industry's most popular solutions.

SOLARQUARTER AFRICA

JA Solar is committed to sustainable development and continues to create green and low-carbon products, with its mainstream modules being among the first to receive Carbon Footprint Certification from French testing organisation Certisolis.

According to the PV Tech report, JA Solar has driven the progress of the PV industry with its leading technological advantages. As the global PV market enters the n-type era, the company has launched DeepBlue 4.0 Pro, a new generation of n-type high-efficiency module adopting Bycium+ cells, SMBB and high-density module encapsulation technologies, featuring lower degradation, higher bifacial power generation and enhanced high-temperature power generation performance.

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Company Feature

Customer-Centric Energy Solutions: Dyness Makes a Difference in South Africa With years of market development, Dyness has made significant strides in addressing the power shortage and instability in the South African market. In addition to the excellent quality of its products, which solve users' energy use challenges, Dyness' customer-centric principles have positioned it as a key player in the region's power and energy sector.

In recent years, South Africa has experienced frequent blackouts, known locally as 'load-shedding’, due to electricity shortages. Intermittent power cuts have disrupted daily life locally, with people in many areas having to endure being plunged into darkness several times a day and many of the furniture is not functioning properly. The normal operations of many factories were also affected by blackouts. Moreover, the supply of electricity to some critical places such as nursing homes has also raised concerns. As a result, an increasing number of households and businesses are turning to solar panel and storage device installations to mitigate the impact of power cuts. From 2022 to 2023, Eskom's data shows an astounding 350% surge in solar panel-generated electricity across the country.

Dyness recognizes that customer satisfaction extends beyond the initial purchase. Notably, the company has made a positive impact in some healthcare facilities. The Dyness local technical support team recently visited a nursing home project in Pretoria to provide regular after-sales service and support for the BX51100 and DL5.0 battery storage modules. The director of Dyness expressed pride in being involved in such a meaningful endeavor, emphasizing the company's philosophy of prioritizing customer needs and ensuring the energy requirements of critical infrastructure, such as healthcare facilities, are met. Dyness remains committed to delivering exceptional after-sales service, local technical support, and maintaining a robust network of authorized installer partners. This commitment ensures that customers receive prompt assistance and reliable support whenever necessary. Such a customer-centric approach has fostered a loyal customer base and contributed to the company's ongoing success in the region.

As a key part of photovoltaic power generation and power security, energy storage devices will further help households and businesses in South Africa to solve the energy shortage problem. The leading energy storage company, Dyness, has introduced cutting-edge energy storage products, such as the BX51100, DL5.0C, and Powerbox Pro, specifically designed for local people, and C&I products, DH200F, for business. These innovative solutions efficiently store surplus energy generated from daily electricity usage or PV panels, enabling users to enjoy uninterrupted power supply even during blackouts or low renewable energy generation periods. Also, Dyness puts electric safety as a supreme thing, and all of the products have international safety certifications such as TUV, UL, CE, JET, CEC, etc. Additionally, in a bid to support the growth of the renewable energy industry, Dyness recently announced the first installer training session at their Johannesburg headquarters in South Africa. This initiative aims to equip installers with the essential skills and knowledge to effectively integrate Dyness products into various projects. The training session received positive feedback from participants, underscoring the company's dedication to developing a skilled workforce and promoting collaboration within the industry. "We aspire to facilitate the industry's growth in South Africa," expressed the Dyness director. "Through our customer-centric strategy, we aim to assist local customers in maximizing their use of renewable energy and addressing the energy shortage."

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NOV-DEC Issue 2023

FEATURED INTERVIEW Jinko Solar prides as masters in terms of penetrating markets in the SADC

Milicent Chidamba SADC Sales Director

Jinko Solar KEY HIGHLIGHTS Jinko Solar's approach is by offering a Unique Value Proposition through our Innovative Product Portfolio. JinkoSolar ‘s N Type Topcon Technology- Tiger Neo leads the Industry Benchmark. Jinko Solar's goal is to sustain growth in those markets by continuously improving our offering and supporting our valued partners.

Given the diverse cultures and business environments within the SADC, how do you plan to foster a culture of inclusivity and collaboration within your sales team? Diversity is becoming more and more important in Organisations. As they always say, “Diversity is Power”. In JinkoSolar we are proud to have a diverse Sales Team. Diversity brings about some of the following benefits; Different viewpoints , meaning that as a Team we are able to look at business problems from many different angles that leads to innovative solutions, keeping us ahead of Competition and this can help in increasing Sales Profits and Company revenue, Strengthened skills set and Improved Company reputation. However, Diversity comes with its own challenges and it is important to foster a culture of inclusivity and collaboration within the team. We make our Meetings inclusive and engaging such that every voice matters, making everyone feel that they belong to Jinko Team and that they must collaborate to win as a Team. Over and above the Company also organises Team Building Sessions, just recently the whole Team was in Malaysia for a week.

Sales landscapes can change rapidly. How do you approach leading a team through periods of change or uncertainty, especially considering the dynamic nature of the solar industry in the SADC region? Indeed, we are living in unprecedented time of uncertainty and change. For one to be an effective leader, one has to have a right balance of the skills set and also have clarity in terms of Company Goals and Strategies. As such, it becomes easier to communicate to the Team and for the Team to know what they are expected of.

How do you approach building and maintaining strategic partnerships with key clients and stakeholders in the SADC region to drive sales growth? Customers are the heartbeat to an Organisation as they drive Revenues and sustain the Organisation. Our approach is by offering a Unique Value Proposition through our Innovative Product Portfolio. Our consistency in offering the right product mix & excellent customer service has enabled us to maintain long term strategic relationships with our client base.

The energy sector is evolving. How do you stay informed about industry trends and technological advancements, and how do you incorporate this knowledge into your sales strategy in the SADC region? The energy sector has rapidly evolved, we have witnessed the transition from P Type to N Type Technology and so has competition intensified. JinkoSolar ‘s N Type Topcon Technology- Tiger Neo leads the Industry Benchmark. I have stayed abreast through regular in-house Training from our Technical Department and 3rd Party Webinars. This knowledge becomes important when it comes to explaining product differentiation and product benefits to clients.

Given the competitive landscape in the SADC region, how do you plan to lead your team in penetrating new markets and driving sustained sales growth for Jinko Solar? As Jinko Solar we pride ourselves as masters in terms of penetrating markets in the SADC region, we have pretty much covered all the markets in the SADC region. Our goal is to sustain growth in those markets by continuously improving our offering and supporting our valued partners.

Diversity comes with its own challenges and it is important to foster a culture of inclusivity and collaboration within the team.

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NOV-DEC Issue 2023

INCONVERSATION Revolutionizing Solar Energy: A Comprehensive Insight into Nigeria's Market Dynamics and Growth Catalysts

Michael Iwu VP Commercial

Rensource Energy KEY HIGHLIGHTS Recent policy changes in Nigeria, such as ending petrol subsidies and floating the Naira, have led to higher fuel prices, boosting demand for off-grid solar solutions, especially in the commercial and industrial sectors. The private sector plays a key role in Nigeria's solar market, contributing to project development, innovation, supply chain, financing, and policy advocacy. However, challenges like regulatory complexities and limited financing options need addressing for the sector to reach its full potential.

What are the key drivers and challenges currently influencing the growth of the solar market in Nigeria? Declining Solar PV Costs: The decreasing costs of solar photovoltaic (PV) technology, including solar panels and associated equipment, have made solar energy more cost-competitive compared to traditional sources of energy. This trend has made solar power an attractive option for both residential and commercial consumers, driving the market growth. The Recent Policy Change on Subsidy and FX : The new president of Nigeria President Bola Ahmed Tinubu on 29th May, 2023, during his inauguration speech, announced the end of the subsidy on Petrol in Nigeria, although many analysts argued that the announcement was poorly timed, the announcement led to a hike in the price of petrol in Nigeria. This made Off-grid Solar solutions more attractive than generators. This has created a new spike in the demand for Off-grid Solar Systems in Nigeria. The new government in Nigeria also floated the Naira, which has caused unusual turbulence in the FX market, this has directly impacted the price of diesel and gas prices, and also created uncertainties around the future price of diesel and gas. This has positively impacted the demand for Large Solar Systems for C&I and manufacturing companies. However, this interest has not directly translated to the execution of more PPAs this year because these PPAs (Power Purchase Agreements) are usually long term agreements, and as such come with more uncertainties

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The advancement of rural electrification and off-grid solar in Nigeria is driving positive transformations by enhancing energy access, empowering local economies, improving healthcare and education, supporting environmental sustainability, and fostering social inclusion, playing a crucial role in addressing energy poverty and promoting nationwide inclusive development. especially around inflation and FX. This uncertainty negatively affected buyers' confidence in signing PPAs in 2023. What we had in 2023 was a situation of a huge pipeline of prospects waiting to see how and when the economy stabilizes. Technological Advancements: Advancements in solar technologies, energy storage solutions, and smart grid integration have enhanced the reliability and efficiency of solar power systems. These advancements have contributed to the growth of the solar market by addressing issues related to intermittency and energy storage capacity

Challenges Access to Finance: Access to affordable financing remains a significant challenge for solar projects in Nigeria. Limited access to capital, high interest rates, and perceived risks associated with investing in solar energy projects often hinder the development of large-scale solar installations and off-grid solutions.

Regulatory and Policy Framework: Despite government initiatives, regulatory and policy challenges persist in the Nigerian solar market. Inconsistent or unclear regulatory frameworks, bureaucratic hurdles, and the lack of a comprehensive and transparent regulatory environment can impede the smooth deployment and operation of solar projects. Infrastructure and Distribution Challenges: Nigeria faces infrastructure challenges, including inadequate transmission and distribution infrastructure, which can impact the integration of solar power into the existing energy grid. This creates logistical hurdles for developers and can result in limited connectivity for solar-powered systems in remote areas.

Advancements in solar technologies, energy storage solutions, and smart grid integration have enhanced the reliability and efficiency of solar power systems.

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How has government policy played a role in shaping the solar industry in Nigeria, and what recent policy changes or initiatives have had a notable impact? The new president of Nigeria President Bola Ahmed Tinubu on 29th May, 2023, during his inauguration speech, announced the end of the subsidy on Petrol in Nigeria, although many analysts argued that the announcement was poorly timed, leading to a hike in the price of petrol in Nigeria. This made Off-grid Solar solutions more attractive than generators, since the OPEX for Solar System is clearly cheaper than generators (diesel and petrol). This has created a new spike in the demand for Off-grid Solar Systems in Nigeria. The new government in Nigeria also floated the Naira, which has caused unusual turbulence in the FX market, this has directly impacted the price of diesel and gas prices , and also created uncertainties around the future price of diesel and gas. This has positively impacted the demand for Large Solar Systems for C&I. However, this interest has not directly translated to the execution of these long term agreements, as the uncertainties around inflation and FX has negatively affected buyers confidence in signing long term agreements

Can you discuss the current trends and emerging technologies in the Nigerian solar market? Off-Grid Solar Solutions: The trend towards off-grid solar solutions is gaining momentum in Nigeria, particularly in rural and underserved areas where grid electricity access is limited, because of the high cost of diesel and petrol, off-grid systems are now cheaper than traditional generator systems. Companies are leveraging advances in solar PV technology, energy storage, and mobile payment systems to provide affordable and reliable off-grid solar solutions, including solar home systems and mini-grids.

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Energy Storage Solutions: The integration of energy storage solutions, such as lithium-ion batteries and flow batteries, is a growing trend in the Nigerian solar market. Energy storage technologies enable reliable power supply during periods of low solar irradiance, allowing for better grid stability and the provision of 24/7 power in off-grid applications. Hybrid Solar Systems: Hybrid solar power systems, which combine solar PV with other energy sources such as diesel generators or grid electricity, are gaining traction in Nigeria, especially for the C&I market. These systems provide a reliable and continuous power supply by leveraging the complementary nature of solar and traditional energy sources, reducing reliance on expensive and polluting diesel generators. Smart Grid Integration: The adoption of smart grid technologies in solar power systems is another emerging trend in Nigeria. Smart grid solutions enable improved grid management, demandside management, and enhanced overall efficiency of solar power integration into the existing energy infrastructure, contributing to grid stability and reliability.

The private sector plays a crucial role in driving the growth of the solar market in Nigeria, contributing to the development, deployment, and financing of solar energy projects across the country.

How is the private sector contributing to the growth of the solar market in Nigeria, and what challenges or opportunities do they face in their endeavors? The private sector plays a crucial role in driving the growth of the solar market in Nigeria, contributing to the development, deployment, and financing of solar energy projects across the country. Here are some key ways in which the private sector is contributing to the growth of the solar market in Nigeria, along with the challenges and opportunities they face in their endeavors: Project Development and Investment: Private companies are actively engaged in developing solar projects, ranging from small-scale off-grid solutions to utility-scale solar installations. These companies invest in the development of solar infrastructure, including solar farms, solar parks, and distributed generation systems, thereby expanding the country's solar capacity and contributing to energy access and sustainability goal Challenges: One of the primary challenges faced by private developers is the complex and time-consuming process of obtaining permits, licenses, and securing land for solar projects. Additionally, access to affordable financing and investment capital remains a key challenge for project development, particularly for smaller companies and startups. Opportunities: The growing demand for reliable, clean energy, combined with supportive policies and incentives, presents opportunities for private developers to expand their solar project portfolios. Public-private partnerships and collaboration with financial institutions can help address financing challenges and unlock investment opportunities in the solar market.

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INCONVERSATION

financial institutions, impact investors, and development finance institutions to develop tailored financing solutions for solar projects and consumer finance. Innovative business models that cater to the diverse needs of Nigerian consumers can help drive solar adoption and market expansion. Policy Advocacy and Stakeholder Engagement: Private sector entities are actively involved in policy advocacy, industry associations, and stakeholder engagements to promote favorable regulatory frameworks, market incentives, and supportive conditions for solar energy deployment and investment. Technology Innovation and Integration: Private sector firms are driving technology innovation in the solar market, introducing advanced solar PV modules, energy storage systems, smart grid solutions, and energy management technologies. These innovations are aimed at improving the efficiency, reliability, and cost-effectiveness of solar power generation, storage, and distribution in Nigeria. Challenges: Technology innovation in the solar market requires significant research and development investments, and companies face challenges related to intellectual property protection, market acceptance, and ensuring compatibility with existing infrastructure and regulations. Opportunities: The demand for scalable, efficient, and sustainable energy solutions presents opportunities for private sector firms to commercialize and deploy innovative solar technologies in Nigeria. Collaboration with research institutions, government agencies, and international partners can help address technical challenges and accelerate technology adoption. Supply Chain and Distribution: Private companies are involved in the supply chain and distribution of solar products and equipment, including solar panels, inverters, batteries, mounting systems, and other components. These firms are instrumental in sourcing, importing, and distributing high-quality solar technologies to meet the diverse needs of consumers, businesses, and project developers.

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Challenges: Supply chain management, logistics, and quality control are key challenges for private sector players involved in solar product distribution. Ensuring the availability of reliable and certified solar products, while managing costs and lead times, remains a constant concern. Opportunities: The growing market demand for solar products, combined with the expansion of off-grid and decentralized solar applications, presents opportunities for private companies to optimize their supply chains, expand distribution networks, and provide comprehensive solutions to end users, including after-sales support and maintenance services. Financing and Business Models: Private sector firms are actively engaged in developing innovative financing mechanisms and business models to facilitate solar project financing, equipment leasing, and consumer access to solar solutions. These include pay-as-you-go (PAYG) models, solar lease agreements, and partnerships with financial institutions to offer solar loans and investment opportunities.

Challenges: Policy and regulatory uncertainty, bureaucratic hurdles, and inconsistencies in enforcement pose challenges for private sector engagement in shaping the solar market's policy landscape. Engaging diverse stakeholders

The demand for scalable, efficient, and sustainable energy solutions presents opportunities for private sector firms to commercialize and deploy innovative solar technologies in Nigeria.

Challenges: Access to affordable capital, particularly for small and medium-sized enterprises (SMEs) and startups, remains a significant challenge in the solar market. Regulatory barriers, currency exchange risks, and the lack of specialized financial products for the solar industry also pose challenges for financing and business model innovation. Opportunities: Private sector firms have the opportunity to collaborate with

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INCONVERSATION

What role does financing play in the adoption of solar technologies in Nigeria, and how can financial barriers be addressed to encourage wider market participation? Financing plays a crucial role in the adoption of solar technologies in Nigeria for several reasons. Firstly, the high upfront costs of solar equipment and installation can act as a barrier to adoption for many individuals and businesses. Access to suitable financing options can make solar solutions more affordable and attractive, thereby spurring greater adoption. Additionally, financing is essential for funding large-scale solar projects, such as utility-scale solar farms or commercial solar installations. These projects often require significant investment, and access to appropriate financing mechanisms is critical to their success. Addressing financial barriers to encourage wider market participation in the Nigerian solar industry involves several strategies. Here are some key approaches: Collaboration with Financial Institutions: Working closely with financial institutions to develop specialized loan products or financial packages for solar projects can help bridge the financing gap. This may involve partnering with banks, microfinance institutions, or impact investors to create tailored financial products for solar technology adoption. Policy Advocacy: Advocating for supportive policies and financial incentives from the government can help address financial barriers. This may include advocating for tax breaks, rebates, or subsidies for solar installations, as well as the creation of favorable regulatory environments for solar financing.

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Risk Mitigation: Implementing mechanisms to mitigate financial risks associated with solar investments, such as currency fluctuations, off-taker risks, and project performance, can make solar projects more attractive to investors and lenders. This may involve the use of guarantees, insurance products, or risk-sharing arrangements

How is the rural electrification and off-grid solar sector evolving in Nigeria, and what impact does it have on local communities? The rural electrification and off-grid solar sector in Nigeria is evolving in response to the country's energy access challenges and the growing demand for decentralized energy solutions. Several factors are driving this evolution, including technological advancements, government initiatives, private sector participation, and the increasing recognition of the role of off-grid solar in addressing energy poverty. This evolution is having a significant impact on local communities in Nigeria.

The rural electrification and off-grid solar sector in Nigeria is evolving in response to the country's energy access challenges and the growing demand for decentralized energy solutions. Improved Healthcare and Education: Access to reliable electricity through off-grid solar installations can have a transformative impact on healthcare facilities and educational institutions. Solar-powered lighting, medical equipment, refrigeration for vaccines, and communication tools enhance the quality of healthcare services and educational opportunities, ultimately improving the well-being and prospects of local residents.

Increased Energy Access: Off-grid solar solutions are playing a crucial role in expanding energy access to rural and underserved communities in Nigeria. These communities often have limited or no access to the national grid, and off-grid solar technologies provide a reliable and sustainable source of electricity for households, businesses, schools, healthcare facilities, and other local institutions.

Environmental Sustainability: The adoption of off-grid solar solutions contributes to environmental sustainability by reducing reliance on fossil fuels for power generation. This shift toward clean, renewable energy sources helps mitigate the environmental impact of energy production and supports local communities in adapting to climate change.

Economic Empowerment: Off-grid solar solutions contribute to economic empowerment within local communities. By providing electricity for productive uses such as small-scale businesses, agro-processing activities, and charging stations for mobile phones, solar power can stimulate economic growth, create employment opportunities, and enhance livelihoods in rural areas.

Social Inclusion and Equity: Off-grid solar initiatives support social inclusion and equity by providing marginalized communities with access to modern energy services. This enhances social well-being, reduces energy poverty, and promotes inclusive development across diverse geographic and demographic segments of the population.

NOV-DEC Issue 2023

INCONVERSATION Powering Progress: An In-Depth Exploration Of Nigeria's Solar Energy Landscape, Policies, And Market Dynamics

Charles Eguma Assistant Chief Technical Officer

Energy Commission of Nigeria KEY HIGHLIGHTS Explore how recent policy changes, such as the 2023 Electricity Act and the Solar Power Naija Initiative, are driving the growth of solar energy in Nigeria and shaping the regulatory landscape. Delve into the pivotal role played by the private sector in Nigeria's solar market, from innovative solutions to financial investments, and analyze the challenges and opportunities faced by private entities in contributing to the sector's expansion.

What are the key drivers and challenges currently influencing the growth of the solar market in Nigeria? Nigeria has developed policies to promote the growth of RE for rural electrification. Financial Institutions, donors and International Organizations are showing confidence in investing in Nigeria after Renewable Energy policies and regulations were aligned to create a conducive environment for investment in mini-grids. The Nigeria Electricity Regulatory Commission (NERC) has developed a comprehensive mini-grid regulation enacted into law in 2016. The regulation simplified Renewable Energy project requirements, reduced development costs and set principles for tariff determination. Nigeria also has also put in place a Feedin-Tariff policies. The effective implementation of these policies fosters the growth of the Renewable Energy Offgrid sector in Nigeria. Despite these drivers, many economic challenges impact the implementation of solar projects in Nigeria. Several challenges limit investment and development of RE projects in Nigeria. While solar energy holds immense potential for Nigeria’s energy landscape, these challenges must be addressed to realize its full benefits. By addressing issues such as high investment costs, limited access to financing and infrastructure,

The National Renewable Energy and Energy Efficiency Plan (NREEP 2015) also provides a general regulatory framework for Renewable Energy in Nigeria.

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Highlight the latest trends and emerging technologies in the Nigerian solar market, including advancements in solar panel technology, energy storage solutions, and smart grid integration, and discuss how these innovations are propelling the country toward a sustainable energy future.

inadequate policy and regulatory frameworks, and technical skills gap Nigeria can pave the way for a sustainable and prosperous solar energy future.

How has government policy played a role in shaping the solar industry in Nigeria and what recent policy changes or initiative have had a notable impact? The main regulation guiding renewable energy in Nigeria is the electricity Act 2023. The Act replaces the Electric Power Sector Reform Act 2005 and governs electricity generation, transmission and distribution. It also identifies Nigeria Electricity Regulatory Commission (NERC) as the electricity sector regulator in Nigeria. The Act promotes generation of electricity through Renewable Energy sources. The National Renewable Energy and Energy Efficiency Plan (NREEP 2015) also provides a general regulatory framework for Renewable Energy in Nigeria. The government has implemented policies and provided incentives to encourage the deployment of solar energy projects for example the Solar Power Naija Initiative aims to install 5 million solar home systems (SHS) in rural areas and underserved urban areas by the end of 2023.

Discuss Current Trends and emerging technologies in the Nigerian Solar Market. The Notable Trends: Increasing Investments in Solar Energy Projects: Nigeria has witnessed a surge in investments in solar energy projects but

from local and international sources. With abundant sunlight and vast untapped solar resources, the country offers a fertile ground for solar investments. The governments effort to create an enabling environment for renewable energy investments, coupled with favorable policies and incentives, have attracted a growing number of investors. These investments are expected to drive the expansion of solar power generation in Nigeria. Emerging technologies in solar PV offer significant benefits and potential impacts for the Nigerian solar market. Advanced solar panel technology, energy storage solutions and smart grid integration can enhance generation capacity, promote energy storage and optimize the utilization of solar resources. By embracing these innovations, Nigeria can unlock the full potential of solar energy and accelerate its transition towards a sustainable and green future.

Emerging Technologies; Several innovative advancements have been made in solar panel technologies. This includes the development of higher efficiency solar cells such as multijunction and perovskite cells. Energy Storage Systems-Emerging technologies in this area are offering primary solutions. Battery technologies such as Lithium-ion and flow batteries are becoming more efficient and affordable allowing for the storage of excess solar energy during the day for use at night and during periods of low sunlight.

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INCONVERSATION

The federal government of Nigeria spent around N45.89 billion on rural electrification between 2020 and 2022, providing at least 2000 projects that have impacted the lives of about five million people.

3.Remote Monitoring and Control Systems have improved operational efficiencies and allowed for proactive maintenance and troubleshooting of PV Systems. Advanced battery management systems are helping to enhance the reliability of solar PV installations

How is the private sector contributing to the growth of the solar market in Nigeria? What challenges and opportunity do they face in their endeavor The private sector is playing a crucial role in driving solar energy adoption and investment in Nigeria. Private companies are bringing innovative solutions, technological expertise and financial resources for investment. Public-private partnerships are being encouraged by government. This is also helping to accelerate the deployment of solar energy projects and foster growth of the sector. The Challenges: Several factors are militating against the growth of the solar market which include limited access to funds, lack of accurate data, shortage of skilled personnel, high interest rates and cost of foreign exchange.

The off-grid market opportunity: Nigeria is the biggest and most attractive off-grid market opportunity in Africa and one of the best locations in the world for mini-grids and SHS Nigeria has the largest economy in Sub-Saharan Africa (GDP:$472, 624.60 Billion) according to World Bank 2022 estimates, population in excess of 200 Million people and a thriving economy.

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The government needs to implement policies that will reduce the cost of solar components for consumers. Developers can adopt innovative, scalable and sustainable business models by providing customized solutions and affordable payment plans for consumers.

A significant portion of the economy is powered by small-scale generators with significant amount of energy in Nigeria being self-generated by power generators

In communities with low energy demands, end-use demand stimulation through appliances loan financing schemes with flexible repayment and low interest will help increase capacity utilization where mini-grids are installed.

Renewables are ideally placed to address Nigeria’s power sector challenges.

Banks can also create loan packages to help consumers easily purchase Solar PV Systems components and Solar Home Systems (SHS).

The use of Solar Photovoltaic technologies presents a great opportunity for bridging the electricity access gap in Nigeria.

How is rural electrification and offgrid solar sector evolving in Nigeria and what impact does it have on local communities?

What role does financing play in the adoption of solar technologies in Nigeria and how can financial barriers be addressed to encourage wider market participation? Financing is critical to the development of the renewable energy sector in Nigeria. Financing in Nigeria’s off-grid sector has mainly been by donor agencies through performance-based grants and subsidies. The availability of these grants and the impact of international funding organizations have significantly influenced the trends in solar PV sector in Nigeria. These financing options have provided crucial support to individuals, businesses and communities to embrace renewable energy and contribute to the country’s energy transition.

Solving the finance challenge requires cooperation from all the stakeholders.

There’s increasing adoption of solar technologies through various programmes and initiatives. According to data on rural electrification obtained from Rural Electrification Agency (REA), The federal government of Nigeria spent around N45.89 billion on rural electrification between 2020 and 2022, providing at least 2000 projects that have impacted the lives of about five million people. The aggregate power projects resulted in 600MW of electricity generation facilities that would provide much more stable power supply in the rural areas to at least one million connections. In 2022, REA powered six communities with a 100 Kilowatts (Kw) solar mini-grid system. These projects are providing energy for over 8,155 people in these communities with 5,000 of them being active farmers who now have access to sustainable power supply and clean affordable water. More jobs have been created with improved access to healthcare.

NOV-DEC Issue 2023

INCONVERSATION Solar Market Dynamics in Nigeria: Drivers, Challenges, and Opportunities

Olu Aruike Country Director, Nigeria

HUSK Power Systems KEY HIGHLIGHTS Government policies like NERC Minigrid Regulations and the Electricity Act play a pivotal role, shaping Nigeria's solar industry growth, fostering decentralization, and supporting energy transition objectives. Private sector propels Nigeria's solar market expansion. Government backing empowers companies, yet challenges like ecosystem fragmentation and capacity gaps require resolution for lasting growth. Rural electrification in Nigeria thrives with 100+ minigrids, solar homes, and increased funding, transforming lives in businesses, healthcare, and institutions.

What are the key drivers and challenges currently influencing the growth of the solar market in Nigeria? Within the sector, Nigeria has some of the best regulations across sub-Saharan Africa. That, coupled with the fact that Nigeria is the largest off grid market in the world with a youthful demography presents the right drivers for market growth. The recent removal of subsidy on fuel prices also means that price determination is now largely driven by market forces and the inherent price increase is impacting businesses, institutions and the like who continue to seek alternative means to ensure reliable power for their needs. This has prompted the growth in adoption of solar for provision of reliable power, along with continued decline in prices amidst technology improvements. On the other hand, macroeconomic factors, little or no presence of local manufacturing with an evident exposure to global supply chain shocks and Nigeria's well know logistics quagmire present challenges that need to be mitigated for the opportunities within

The recent removal of subsidy on fuel prices also means that price determination is now largely driven by market forces and the inherent price increase is impacting businesses, institutions and the like.

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the market to be fully availed. Government support and ecosystem integration will continually remain critical in forging a pathway to incremental market growth and eventually, scale.

supported by SE4All, GEAPP and the Rockefeller Foundation is further helping to coordinate various stakeholders towards common objectives to support Nigeria's energy transition targets.

How has government policy played a role in shaping the solar industry in Nigeria, and what recent policy changes or initiatives have had a notable impact?

Can you discuss the current trends and emerging technologies in the Nigerian solar market?

Government policies would continue to play a role in shaping the industry in Nigeria given that the NERC Minigrid Regulations of 2016 and other regulations or policies before or after it have provided the right framework upon which the industry is built. In 2023, the passing of the Electricity Act by the Nigerian Federal Government is also beginning to prompt action from both state and non-state actors at different levels to create more decentralized opportunities to provide reliable power for millions of Nigerians in unserved and underserved areas. Similarly, the Energy Transition Plan being

Nigeria has continued to show that it is open to readily adopting current trends and emerging technologies within the solar market. in 2023 alone, the commissioning of a 100 MW solar panel assembly factory in Lagos and the recent signing of a $150 million deal between the REA, NASENI and a foreign investor for lithium-ion battery manufacturing at COP28, are pointers in this direction. Other engagements being championed by other active industry participants indicate a continued adoption of various emerging technologies even as technologies continue to evolve.

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How is the private sector contributing to the growth of the solar market in Nigeria, and what challenges or opportunities do they face in their endeavors? Nigeria's solar market has largely been driven by private sector participation with the right government support. This has been a key factor for the success stories that are now evident. with private sector financing and deployments being done by private companies. While government support remains crucial, challenges expected within a nascent market remain. The fragmentation of the ecosystem, and the need to build capacity and skills at a level that meets the requirements of the market are some of the challenges that need to be addressed in Nigeria's quest to lead the way in the market.

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What role does financing play in the adoption of solar technologies in Nigeria, and how can financial barriers be addressed to encourage wider market participation? Financing continues to play a huge role as this is an infrastructure business that requires large amounts of upfront CAPEX. While local financing has is now beginning to flow at some level, more needs to be done to encourage much more local financing that is long-tenured and affordable. This could be possible through the provision of de-risking mechanisms given that the cost of financing or capital in Nigeria is quite high, coupled with double digit inflation and high currency volatility. Demand side subsidies could also be viable and sustainable option for derisking local capital.

The OBF component of the NEP has also supported the deployment of a large number of solar home systems. How is the rural electrification and off-grid solar sector evolving in Nigeria, and what impact does it have on local communities? The rural electrification and off grid space has continued to evolve since the birthing of the minigrid regulations in 2016. According to multiple reports, there are over 10,000 potential communities where minigrids could be deployed and the NEP PBG has now supported the commissioning of over 100 minigrids within the last few years. The OBF component of the NEP has also supported the deployment of a large number of solar home systems. What these means is that more Nigerians are now able to access reliable power within local communities to improve their lifestyles and grow their businesses. Healthcare centres and other public institutions within these communities are now also able to provide better quality services to people due to the presence of reliable power from renewable sources. There is an opportunity to continue to provide reliable power to more communities with the recent announcements from private companies, the REA and DFIs on more available funding to support a positive future outlook.

NOV-DEC Issue 2023

INCONVERSATION Revolutionizing Solar Energy: A Comprehensive Insight into Nigeria's Market Dynamics and Growth Catalysts

Seun Edun Country Director, Nigeria

PowerGen Renewable Energy KEY HIGHLIGHTS Government policies like NERC Minigrid Regulations and the Electricity Act play a pivotal role, shaping Nigeria's solar industry growth, fostering decentralization, and supporting energy transition objectives. Private sector propels Nigeria's solar market expansion. Government backing empowers companies, yet challenges like ecosystem fragmentation and capacity gaps require resolution for lasting growth. Rural electrification in Nigeria thrives with 100+ minigrids, solar homes, and increased funding, transforming lives in businesses, healthcare, and institutions.

What are the key drivers and challenges currently influencing the growth of the solar market in Nigeria? The Solar market can be categorized into i) Residential Solar ii) Commercial and Industrial Solar iii) Rural/Community MiniGrids and iv) Large Metro/Urban Grids; There are unique and common Key drivers and challenges for each of the four solar market segments; The common ones include i) Willingness and Ability to pay market reflective electricity tariffs ii) Local currency devaluation iii) lack of low interest rate local financing iv) High upfront CAPEX especially with Battery Energy Storage Systems v) Competition from other energy generation sources especially Gas. vi) High electricity distribution commercial and collection losses mostly due to Energy theft.

How has government policy played a role in shaping the solar industry in Nigeria, and what recent policy changes or initiatives have had a notable impact? Over the past decade, government policies focused on boosting solar and renewable energy development have become a vital strategy to drive economic growth and living standards. Some of the notable government policies and incentives that has led to double-digit growth of the Solar industry in Nigeria over recent years include i) The Renewable Energy Master Plan (REMP) which targets renewable energy generation growth of 23% and 36% by 2025 and 2030 respectively; the REMP sets a goal of reaching 500MW of solar generation by

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2025. The short-term plans include import duty moratoriums on renewable energy technologies. ii) The National Renewable Energy and Energy Efficiency Policy (NREEEP) has the objective to ensure solar electricity contribution of 3% and 6% by 2020 and 2030 respectively; It focuses on the use of solar home systems to boost electrification in rural isolated off-grid communities iii) NERC Mini-Grid Regulation 2015 defined the capacity range of minigrids into <100kw and 100Kw-1MW. Projects within a 100KW-1MW capacity or interconnected to the grid require a permit. The regulation was designed to protect Solar Mini-grid developers and investors from depreciation of their assets in case the national grid arrives, if it does, developers can either connect their systems to the grid or transfer the assets to the electricity distribution company in return for a “reasonable financial compensation”. Iv) Rural Electrification Agency’s off-grid Electrification Strategy created in 2017 to accelerate electrification of rural and unserved communities; it supports the use of diverse decentralized energy solutions to broaden energy access

for households, communities, markets, Universities, and tertiary health institutions. V) The Solar Hybrid Mini-Grid component, which in my opinion has had the most notable impact in recent years, are components of the Nigeria Electrification Project managed by the Rural Electrification Agency (REA) and supported by the AFDB and the World Bank respectively. The funds are delivered via two unique funding windows: the minimum subsidy tenders and performance-based grants. It targets electrifying 300,000 households and 30,000 local enterprises through Solar hybrid mini-grids. In addition to the provision of clean, safe, and affordable electricity to communities in unserved and underserved areas, the fund(s) also intends to increase business productivity by replacing fossil-fueled generators with reliable green energy. PowerGen commissioned the first Isolated Mini-Grid under the NEP in 2018 at Rokota, Niger State and the first Interconnected MiniGrid in 2023 at Toto, Nasarawa State.

With increasing technological innovation development and advancements coupled with reduced costs and increased investments, better government policies and initiatives the Nigerian solar market has massive potentials for growth

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INCONVERSATION Despite the challenges, leveraging solar resources will help achieve sustainable development goals, increase energy access, reduce greenhouse gas emissions, and boost economic growth.

For most African states, policies encourage that investors must create opportunities for previously disadvantaged communities, in the form of ownership, skills transfer, job opportunities and enterprise development." Can you discuss the current trends and emerging technologies in the Nigerian solar market? With increasing technological innovation development and advancements coupled with reduced costs and increased investments, better government policies and initiatives the Nigerian solar market has massive potentials for growth. Improved technologies in solar energy systems (PV), Battery storage and Energy management systems have led to reduced costs of solar systems which is translating into accelerated growth and adoption of solar technologies, making clean and sustainable energy more accessible and affordable. The current trends in the Nigerian solar market include: Increased Investments from local and international sources because of favorable government policies and initiatives, these investments drive the expansion of solar energy systems and infrastructure. Off-grid solutions and Rural electrification driven by the Nigerian Electrification Program managed by the REA is solving the challenges of limited access to electricity particularly in rural and peri-urban communities. It offers decentralized electricity generation and distribution, empowering communities and aiding socio-economic development. Integration of Solar and other energy sources create a balanced and resilient energy mix. Increased Solar penetration complements the epileptic grid infrastructure. Solar hybrid systems combined with conventional fossil fuel energy sources offer a reliable, consistent, and flexible energy solution.

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What role does financing play in the adoption of solar technologies in Nigeria, and how can financial barriers be addressed to encourage wider market participation?

How is the private sector contributing to the growth of the solar market in Nigeria, and what challenges or opportunities do they face in their endeavours? The private sector plays a very crucial role in driving the growth and adoption of the solar market in Nigeria cumulating into a 450% growth rate over the past 6 years. Private organizations bring innovative solutions, technological expertise, and huge financial resources to drive investments in Solar energy in Nigeria. Major Challenges in the Solar energy market include: High Initial Investment cost: Which hampers widespread adoption, mechanisms such as subsidies, tax incentives and favorable low-interest loan schemes will help drive down costs and make solar energy more affordable and accessible. Limited access to financing: Many Financial Institutions perceive the solar market as risky and highly uncertain coupled with infrastructure deficits in transmission and distribution networks and grid connectivity poses significant challenges for Integrating Solar energy to the existing power infrastructure. More investments in grid infrastructure and decentralized systems like Minigrids and metro grids will improve energy access, connectivity and enable efficient distribution of solar power across the country.

Institutional Financing plays a most critical role probably second after technological innovation and advancement in the adoption of solar energy systems. Improved access to grants, international funding and local currency low interest loans will accelerate the growth of the Solar market in Nigeria creating increased energy access, jobs, and socioeconomic development.

How is the rural electrification and off-grid solar sector evolving in Nigeria, and what impact does it have on local communities? Rural electrification and off-grid solar in Nigeria is accelerating and evolving rapidly especially since the inception of the Nigeria Electrification Program (NEP) managed by the Rural Electrification Agency (REA). Over 103 mini-grids with an installed capacity of almost 6MW and over 45,000 customer connections impacting more than 200,000 people have been successfully deployed under the Performance Based Grant subcomponent of the NEP alone, enhancing electricity access to businesses, households, and public facilities in rural and underserved areas. Benefits to local communities include. Enhanced Income Generation and economic growth from Productive Uses Private and community benefits including household and communal lighting, access to improved health services, Education etc

Insufficient Local Production: Heavy reliance on imported solar systems leads to increased costs and hinders the adoption. Incentivizing local production will reduce dependence on imports leading to more affordable and accessible solar energy systems.

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COVER STORY

In the heart of West Africa, Nigeria is stepping into the spotlight as a trailblazer in the realm of solar energy. The unveiling of Nigeria's solar landscape marks a significant stride towards sustainable and accessible power, challenging traditional energy paradigms and fostering a new era of clean and renewable resources. With radiant horizons, Nigeria is poised to harness the power of the sun for a brighter and more energy-secure future.

Solar for Agriculture: Agriculture, the backbone of Nigeria's economy, is also reaping the benefits of solar innovation. Solar-powered irrigation systems are becoming instrumental in enhancing agricultural productivity. By providing reliable and sustainable energy for water pumps, solar solutions contribute to increased crop yields, food security, and the resilience of the agricultural sector.

Abundant Solar Resources: Nigeria's geographical location gifts it abundant sunlight throughout the year. The vast expanse of land bathed in sunlight becomes the canvas for a solar revolution. The country, endowed with a high solar irradiance, has recognized the potential of this renewable resource and is actively transforming its energy landscape to capitalize on it.

Government Commitment and Initiatives: The Nigerian government has demonstrated a strong commitment to unlocking the potential of solar energy. Ambitious initiatives, such as the Nigerian Renewable Energy and Energy Efficiency Policy (NREEEP), serve as a guiding framework for the development and integration of renewable energy sources, with a specific focus on solar power. These initiatives signal a shift towards a diversified and sustainable energy mix.

Solar Mini-Grids Empowering Communities: In rural and off-grid areas, where access to electricity has been a longstanding challenge, solar mini-grids are illuminating homes and empowering communities. These decentralized energy solutions harness the power of the sun to provide a reliable and sustainable source of electricity. The deployment of solar minigrids is not merely a technological advancement; it is a catalyst for social and economic transformation in underserved regions.

Solar Streetlights Illuminating Urban Landscapes: Nigeria's urban centres are experiencing a transformation with the widespread adoption of solar streetlights. Beyond the aesthetic enhancement of cityscapes, these intelligent lighting systems contribute to energy efficiency and reduced carbon emissions. Solar streetlights are a tangible manifestation of sustainable urban development and a commitment to greener, smarter cities.

Investment in Solar Education and Training: To ensure the sustainability of its solar initiatives, Nigeria is investing in education and training programs. The development of skilled professionals in the solar industry is crucial for the maintenance, innovation, and expansion of solar projects. Training initiatives are empowering a new generation of Nigerians to lead the way in solar technology and implementation.

International Collaborations: Nigeria's solar landscape is not confined within its borders. The country actively engages in international collaborations to leverage expertise, technology, and funding. Partnerships with global organizations, such as the International Renewable Energy Agency (IRENA) and the World Bank, amplify the impact of Nigeria's solar initiatives on the global stage.

Innovative Financing Models: Recognizing the financial barriers hindering solar adoption, Nigeria has embraced innovative financing models. Pay-as-yougo (PAYG) solar solutions, for instance, have gained popularity, allowing users to access solar energy without the burden of upfront costs. These financing mechanisms are fostering inclusivity and enabling a broader section of the population to participate in the solar revolution.

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In conclusion, the unveiling of Nigeria's solar landscape paints a picture of a nation embracing the sun's abundant gift to meet its growing energy needs. From rural electrification to urban illumination, the radiant horizons of Nigeria's solar journey signify a commitment to sustainability, economic growth, and energy independence. As solar power continues to shine across the Nigerian landscape, it paves the way for a future where clean energy illuminates the path to progress.

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INCONVERSATION Solar Revolution in Nigeria: Drivers, Policies, Trends, Private Sector Impact, and Rural Electrification for Inclusive Development

Dotun Tokun Managing Director,

Solarmate Engineering Limited KEY HIGHLIGHTS The recent passage of the Electricity Act 2023, focused on decentralization and state electricity markets, emerges as a game-changer, transforming energy access and distribution within states while promoting renewable energy obligations for generators and distributors. Nigeria's private sector fuels solar growth via project development, investment, consultancy, EPC, and innovative financing, boosting renewable expansion

o What are the key drivers and challenges currently influencing the growth of the solar market in Nigeria? Main key drivers to the growth of the solar market are: Access to the grid for a large number of the population still low and solar can offer an alternative. The Government’s new policy on the decentralization of the power sector. The several initiatives of the Rural Electrification Agency (REA) promoting solar power Growing awareness of environmental issues and the need to reduce greenhouse gas emissions has increased interest in cleaner energy sources like solar Private companies and investors have started to invest in solar projects in Nigeria, encouraged by the potential for market growth and the positive policies. Main challenges are: Still a lot of lack of awareness on the benefits of solar power.

Government and private sector collaboration in rural electrification and solar projects sparks economic empowerment, improved healthcare, education, productivity, and community development.

How has government policy played a role in shaping the solar industry in Nigeria, and what recent policy changes or initiatives have had a notable impact? The recent policy that will be a game changer is the Electricity Act 2023, which is mainly the decentralization of the power sector and the creation of State electricity markets. The decentralization of the sector and creation of State electricity markets is a transformative development as this will improve energy access, delivery, and supply of electricity to homes and offices within a state, ensure less reliance on the national grid and effectively capture the unserved and underserved areas in the states. The Act further imposes renewable energy generation, purchase and distribution obligations on GENCOs and DISCOs This is one of the most impactful provisions in the new Act, as it ensures an integrated utility of all energy generation sources available in Nigeria.

Can you discuss the current trends and emerging technologies in the Nigerian solar market? Components of the solar power packages have decreasing costs globally, however, because of the challenges with the Exchange rate, we have seeing and upward trend in pricing. Technologically, the containerized Battery Energy Storage Systems (BESS) are fast gaining ground.

Affordable finance for investors still an uphill task Integration of solar into the grid.

Access to the grid for a large number of the population still low and solar can offer an alternative.

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INCONVERSATION

How is the private sector contributing to the growth of the solar market in Nigeria, and what challenges or opportunities do they face in their endeavors? The Nigeria private sector is playing a major role in contributing to the growth of the solar market. There are significant Private sector in the areas of development of solar projects, bringing in investments, expertise in consultancy and EPCs, and innovations. More private companies are in the investment and finance space proving fiancé for developers. The number of project developers are increasing and they bring significant improvement to the sector and increase in the renewable energy mix.

What role does financing play in the adoption of solar technologies in Nigeria, and how can financial barriers be addressed to encourage wider market participation? Because of the high upfront costs in deploying solar, financing play a major role.

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The impact on Local communities are – increase in economic empowerment, improved healthcare and education, increased productivity, community development and general well-being of the citizens at host communities.

The availability and accessibility of financing to developers and also end users will influence the rate of adoption of solar power packages.

How is the rural electrification and off-grid solar sector evolving in Nigeria, and what impact does it have on local communities? In the past few years there has been rapid increase in the deployment of solar technology for rural electrification projects and other of -grid initiatives by the private sector The Rural Electrification Agency in Nigeria has been actively involved in promoting and implementing rural electrification projects, including the deployment of offgrid solar solutions and there are presently close to 200 solar mini grids in Nigeria.

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There are also organizations like All-On working with Startups to deploy solar technology in rural areas.

The number of project developers are increasing and they bring significant improvement to the sector and increase in the renewable energy mix.

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POLICY RESEARCH

Government Initiatives Fuelling Nigeria's Solar Boom In recent years, Nigeria has been experiencing a significant surge in solar energy adoption, driven by ambitious government initiatives aimed at diversifying the country's energy mix and addressing the longstanding challenges in the power sector. The nation's solar boom is a testament to the transformative power of strategic policy measures that incentivize clean energy investments, foster innovation, and propel economic growth.

Power Sector Challenges: Nigeria, despite being the most populous country in Africa, has grappled with persistent energy challenges that have hindered economic development and quality of life for its citizens. Frequent power outages, inadequate electricity infrastructure, and a heavy reliance on fossil fuels have underscored the urgent need for a comprehensive energy reform.

Renewable Energy as a Catalyst: Recognizing the potential of renewable energy, particularly solar power, the Nigerian government has implemented a series of groundbreaking initiatives to propel the country towards a sustainable and reliable energy future. The adoption of solar energy is not only environmentally responsible but also strategically aligns with global efforts to combat climate change.

Scaling Up Solar Investments: One of the pivotal initiatives driving Nigeria's solar boom is the National Renewable Energy and Energy Efficiency Policy (NREEEP), launched to provide a clear policy framework for the development and utilization of renewable energy sources. This policy not only encourages the establishment of solar power projects but also facilitates the integration of renewable energy into the national grid.

Ease of Doing Business: To attract local and foreign investments in the solar sector, the Nigerian government has prioritized improving the ease of doing business in the country. Streamlining bureaucratic processes, offering incentives, and creating a conducive environment for private sector participation have been integral to the success of solar projects across the nation.

Innovative Financing Mechanisms:

Job Creation and Economic Growth: Beyond its environmental benefits, the solar boom in Nigeria has contributed significantly to job creation and economic growth. The implementation of solar projects has created employment opportunities in manufacturing, installation, maintenance, and other related sectors. This not only addresses unemployment challenges but also fosters a skilled workforce in the renewable energy industry.

International Collaborations: To further accelerate the solar revolution, Nigeria has actively sought international collaborations. Partnerships with global organizations, such as the International Solar Alliance and financial institutions like the World Bank, have facilitated access to expertise, technology, and funding, propelling the nation's solar agenda on the global stage.

Challenges and Future Prospects: Despite the remarkable progress, challenges persist. Issues related to infrastructure development, grid integration, and stakeholder coordination require ongoing attention. However, with sustained commitment from the government, coupled with technological advancements and increased private sector participation, Nigeria's solar boom is poised for continued success. In conclusion, Nigeria's solar boom stands as a shining example of the transformative impact of government initiatives in the renewable energy sector. By embracing solar power, the nation not only addresses its energy challenges but also paves the way for sustainable development, economic prosperity, and a cleaner, greener future for its citizens. The trajectory of Nigeria's solar journey underscores the potential for emerging economies to lead the way in the global transition to clean and renewable energy sources.

Recognizing that financing remains a significant hurdle for renewable energy projects, the government has introduced innovative financing mechanisms. This includes the establishment of the Nigerian Electrification Project (NEP), a program that aims to leverage private sector investments in offgrid and mini-grid solutions, providing sustainable energy access to rural and underserved communities.

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NOV-DEC Issue 2023

TECH STORY

Innovations Illuminating Nigeria's Solar Scene In the heart of Africa, Nigeria is experiencing a paradigm shift in its energy landscape, driven by innovative solar technologies that are illuminating the nation's path towards a sustainable and energy-efficient future. These groundbreaking innovations are not only transforming the way Nigerians access power but also positioning the country as a trailblazer in the adoption of solar solutions.

Solar Mini-Grids: One of the standout innovations revolutionizing Nigeria's solar scene is the widespread deployment of solar mini-grids. These decentralized energy systems bring electricity to remote and offgrid communities, addressing the longstanding issue of energy access. Solar mini-grids leverage advancements in battery storage and smart grid technologies, providing a reliable and cost-effective solution to power rural areas where traditional grid infrastructure is impractical.

Pay-As-You-Go Solar Solutions: In an era where access to electricity is a basic necessity, innovative financing models such as pay-as-you-go (PAYG) solar solutions have gained traction. Companies operating in Nigeria are offering solar home systems with flexible payment plans, allowing users to pay for electricity as they go. This approach not only makes solar energy more accessible to a wider population but also eliminates the financial barriers associated with upfront installation costs.

Solar-Powered Water Pumps: Agriculture, a crucial sector for Nigeria's economy, has also embraced solar technology. Solar-powered water pumps have emerged as a sustainable solution for irrigation, particularly in remote farming communities. These pumps harness the abundant sunlight to provide a reliable source of energy for pumping water, contributing to increased agricultural productivity and food security.

Smart Solar Streetlights: Cities across Nigeria are witnessing the implementation of smart solar streetlights, transforming urban landscapes while promoting energy efficiency. These intelligent lighting systems are equipped with sensors and connectivity features, allowing for remote monitoring and management. The integration of solar panels not only reduces the reliance on conventional grid power but also contributes to lower operational costs and a greener urban environment.

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Innovative Solar Financing: To spur further adoption of solar solutions, innovative financing mechanisms have emerged. Beyond traditional funding models, initiatives such as crowd-funding for solar projects and collaboration with financial institutions to offer affordable loans for solar installations have gained prominence. These financing innovations play a pivotal role in making solar technology accessible to a broader spectrum of consumers.

Advancements in Solar Storage: Energy storage is a critical component of a reliable solar power system, and recent advancements in battery technology have significantly enhanced the efficiency of solar storage solutions. Lithium-ion batteries, with their improved energy density and longer lifespan, are increasingly integrated into solar installations. This not only ensures a stable power supply during periods of low sunlight but also supports the transition to a 24/7 renewable energy paradigm.

Local Innovation Hubs: Nigeria's solar revolution is not solely dependent on imported technologies; the country has seen the emergence of local innovation hubs focused on developing solar solutions tailored to the nation's unique challenges. These hubs foster collaboration between entrepreneurs, researchers, and policymakers, driving the creation of homegrown technologies that are well-suited to the Nigerian context. In conclusion, the innovations illuminating Nigeria's solar scene underscore the transformative potential of technology in addressing energy challenges and fostering sustainable development. From solar mini-grids to smart streetlights, these advancements are not only improving energy access but also contributing to economic growth, environmental conservation, and enhanced quality of life for millions of Nigerians. As the nation continues to embrace solar solutions, the future shines bright with the promise of a cleaner, more resilient energy landscape.

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MARKET RESEARCH | INFOGRAPH

Nigeria Solar PV Installed Capacity March Towards 100 MW In 2024 In the relentless pursuit of energy sustainability, Nigeria is on the cusp of a transformative milestone — the march towards achieving 100 megawatts (MW) of installed solar photovoltaic (PV) capacity by 2024. This ambitious goal reflects a strategic shift in the nation's energy paradigm, driven by a confluence of factors ranging from environmental imperatives to economic considerations. As Nigeria grapples with a burgeoning population and the ever-growing demand for electricity, solar power emerges as a beacon of hope, offering not just a cleaner energy alternative but also a catalyst for economic development, job creation, and improved living standards. The installed solar PV capacity in the country already crossed 80 MW and will cross the 100 MW mark in the year 2024 as many projects are in the pipeline which might get commissioned post-2023.

Nigeria's geographical location bestows upon it a tremendous advantage — abundant sunlight throughout the year. Recognizing the untapped potential of solar energy, the nation is leveraging this renewable resource to diversify its energy mix. At the heart of this solar surge lies a pragmatic response to economic imperatives. The traditional power grid, beset with challenges such as frequent blackouts and an unreliable infrastructure, is insufficient to meet the surging energy demands of the nation. Hence, the emphasis on solar power not only aligns with global environmental goals but also serves as a viable solution to ensure a resilient and sustainable energy future for Nigeria. Central to Nigeria's solar transformation is the unwavering commitment of the government. Enshrined in the National Renewable Energy and Energy Efficiency Policy (NREEEP) is a roadmap that outlines the strategic integration of renewable energy into the national grid. Solar power, in particular, has been singled out for attention, reflecting a comprehensive approach toward embracing cleaner and more sustainable energy sources. The government's commitment is further evident in initiatives like the Nigerian Electrification Project (NEP), which seeks to accelerate the deployment of solar projects, particularly in areas with limited access to electricity.

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MARKET RESEARCH | INFOGRAPH

While government initiatives provide the foundational framework, the surge in solar PV capacity is not solely a public-sector endeavor. Private sector participation plays a pivotal role in driving this solar renaissance. Both domestic and international investors are recognizing the immense potential that Nigeria's solar market holds. Strategic partnerships between government agencies and private entities are being forged, facilitating the financing, development, and operation of solar projects. This collaborative approach ensures a more rapid and sustainable expansion of solar PV infrastructure across the country. Crucial to Nigeria's solar journey is the emphasis on off-grid solutions. While grid-connected solar projects contribute significantly to the overall capacity, decentralized solar installations are reaching the heart of energy poverty — remote and rural areas. These off-grid solutions not only enhance energy access but also contribute to economic development and job creation in communities where traditional power infrastructure remains a distant dream. The empowerment of these rural areas is a testament to the transformative potential of solar power beyond its capacity to generate electricity. Technological advancements in the solar industry have significantly contributed to the reduction in the cost of solar PV installations. As economies of scale come into play, solar power has become increasingly competitive with conventional sources. The decreasing cost of solar not only makes it an attractive option for large-scale grid projects but also facilitates smaller, off-grid installations. This cost-effectiveness renders solar energy accessible to a broader spectrum of consumers, further catalyzing its adoption across the nation.

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The march towards 100 MW of solar PV capacity in Nigeria is not merely a numerical milestone; it carries profound implications for the nation's sustainable development. Reliable and clean energy contributes to economic growth, improves healthcare and education outcomes, and enhances overall quality of life. Moreover, the reduced reliance on fossil fuels aligns with global environmental goals, positioning Nigeria as a responsible participant in the global effort to combat climate change. As with any transformative journey, challenges remain. Financing hurdles, regulatory complexities, and the need for grid integration are obstacles that demand careful navigation. Overcoming these challenges requires sustained collaboration between the public and private sectors, innovative financing models, and a commitment to adapt to the evolving energy landscape. In conclusion, Nigeria's march towards 100 MW of solar PV installed capacity by 2024 signals a pivotal moment in the nation's energy evolution. With abundant solar potential, government commitment, private sector investments, and a focus on sustainable development, Nigeria is poised to harness the power of the sun to drive economic growth, enhance energy access, and contribute to a cleaner and more sustainable future. The solar horizon beckons and Nigeria is answering the call with unwavering determination

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SPECIAL STORY

Solar Entrepreneurs In Nigeria Navigating The Path To Success In the sun-soaked landscapes of Nigeria, a new wave of entrepreneurs is rising to the challenge of navigating the intricate path to success in the solar industry. As the nation embraces renewable energy solutions, these solar entrepreneurs are at the forefront, spearheading innovative ventures that not only promise economic growth but also hold the key to transforming Nigeria's energy landscape.

Challenges and Opportunities: Embarking on a journey in the solar industry in Nigeria is not without its challenges. The entrepreneurial spirit, however, thrives on challenges, turning them into opportunities. In a country with a significant energy deficit and a diverse range of needs, solar entrepreneurs find ample opportunities to provide solutions that cater to both urban and rural areas.

Access to Finance and Innovative Solutions: One of the primary challenges faced by solar entrepreneurs is access to finance for their ventures. However, innovative financing solutions are becoming key to overcoming this hurdle. Solar entrepreneurs are increasingly leveraging avenues like impact investment, grants, and partnerships with financial institutions to fund their projects. These financial innovations not only fuel their businesses but also contribute to the overall growth of the solar sector.

Building Local Capacity: Solar entrepreneurs in Nigeria are not only focused on building successful businesses but are also actively contributing to the development of local capacity. Training programs and partnerships with educational institutions are equipping individuals with the skills needed to work in the solar industry. By nurturing local talent, these entrepreneurs are creating a sustainable ecosystem that benefits both their businesses and the community.

Empowering Rural Communities: A significant proportion of Nigeria's population resides in rural areas with limited or no access to electricity. Solar entrepreneurs are addressing this energy disparity by deploying off-grid solar solutions in these communities. Through innovative technologies and business models, they are bringing electricity to homes, schools, and businesses, empowering residents and catalyzing socio-economic development.

Innovations in Solar Technology: To stay competitive and relevant, solar entrepreneurs in Nigeria are driving innovation in solar technology. From affordable solar home systems to advanced solar-powered appliances, these e

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ntrepreneurs are continuously pushing the boundaries of what solar technology can achieve. This commitment to innovation not only sets them apart but also positions Nigeria as a hub for solar advancements.

Government Policies and Collaboration: Solar entrepreneurs are navigating the complex regulatory landscape by actively engaging with government policies and agencies. Collaborations with government bodies, such as the Rural Electrification Agency (REA), facilitate smoother project implementation and ensure alignment with broader national energy goals. Such collaborations enhance the credibility of solar entrepreneurs and create an enabling environment for sustainable growth.

Community Engagement and Social Impact: Beyond the bottom line, solar entrepreneurs in Nigeria are deeply committed to creating a positive social impact. Community engagement is a cornerstone of their business strategies. By involving local communities in project planning, implementation, and maintenance, these entrepreneurs ensure that their initiatives are not just about providing energy but also about fostering inclusivity and shared prosperity.

Global Collaborations and Market Expansion: Recognizing the interconnected nature of the global energy landscape, solar entrepreneurs in Nigeria are actively seeking collaborations beyond national borders. Partnerships with international organizations and businesses enable them to access global expertise, technology, and funding. These collaborations position Nigerian solar entrepreneurs as integral players in the international renewable energy arena.

The Path Forward: As solar entrepreneurs in Nigeria navigate the path to success, their journey holds immense promise for the nation's energy future. Their resilience, innovation, and commitment to sustainable development are shaping a landscape where clean and reliable energy is not just a business venture but a catalyst for broader socio-economic transformation. With the sun as their ally, these entrepreneurs illuminate a future where solar energy powers the aspirations of a nation on the rise.

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BUSINESS INSIGHTS

Solar Ventures In Nigeria Opportunities And Challenges In the dynamic landscape of Nigeria's energy sector, solar ventures are emerging as transformative agents, harnessing the abundant sunlight to drive a renewable energy revolution. These ventures are not merely businesses; they represent a beacon of hope for a nation grappling with energy challenges, presenting a path towards sustainability and economic growth. However, within the promising horizon of opportunities, solar ventures in Nigeria also navigate a terrain marked by challenges that require strategic navigation and innovative solutions.

Policy Support and Incentives: The Nigerian government has recognized the pivotal role of renewable energy, including solar power, in achieving its energy goals. Policy frameworks such as the National Renewable Energy and Energy Efficiency Policy (NREEEP) provide a supportive environment for solar ventures. Incentives, subsidies, and tax breaks further sweeten the deal, encouraging entrepreneurs to invest in solar projects and contribute to the national energy transition.

Innovative Financing Models: Access to financing has historically been a challenge for renewable energy ventures. However, Nigeria's solar sector is witnessing the rise of innovative financing models. Collaborations with financial institutions, impact investors, and international organizations facilitate the flow of funds into solar projects. Payas-you-go (PAYG) models have emerged, enabling consumers to access solar solutions without substantial upfront costs, thus broadening the customer base.

Technological Advancements:

Opportunities: Energy Access for All: Nigeria faces a profound energy access challenge, with a significant portion of its population lacking reliable access to electricity. This challenge presents a golden opportunity for solar ventures to play a pivotal role in democratizing energy access. By deploying off-grid solar solutions, these ventures bring power to rural and underserved communities, empowering them economically and socially.

The rapid advancement of solar technology on a global scale has a direct impact on Nigeria's solar ventures. Improved efficiency, declining costs of solar panels, and innovations in energy storage contribute to the viability and competitiveness of solar solutions. Entrepreneurs can leverage these technological advancements to offer more cost-effective and reliable energy options to consumers.

Diverse Market Potential: The Nigerian energy landscape is remarkably diverse, ranging from bustling urban centers to remote villages. This diversity translates into a plethora of opportunities for solar ventures. In urban areas, solar rooftop installations on homes and commercial buildings are gaining traction, contributing to grid stability and reducing dependence on conventional power sources. Meanwhile, rural and off-grid regions present opportunities for decentralized solar solutions, including minigrids and solar home systems.

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BUSINESS INSIGHTS Policy Implementation Hurdles: While supportive policies exist, the effective implementation of these policies remains a challenge. Bureaucratic hurdles, regulatory complexities, and inconsistencies in policy enforcement can hinder the growth of solar ventures. Streamlining policy implementation and enhancing coordination between government agencies are essential for creating an environment conducive to the sustainable growth of the solar sector. Public Awareness and Education:

Challenges:

Building public awareness about the benefits of solar energy and dispelling misconceptions is crucial for the widespread adoption of solar solutions. Many potential consumers, especially in rural areas, may not be fully informed about the advantages of solar power. Solar ventures need to invest in comprehensive awareness campaigns and educational initiatives to foster a greater understanding of the technology and its long-term benefits.

Funding Constraints: Technical and Maintenance Challenges: While innovative financing models are gaining traction, funding remains a persistent challenge for solar ventures in Nigeria. The high initial capital required for solar projects, coupled with the uncertainty of returns, can deter potential investors. Bridging this financing gap requires concerted efforts from both public and private stakeholders to build confidence in the financial viability of solar ventures.

Solar infrastructure requires consistent maintenance to ensure optimal performance over its lifespan. However, a lack of skilled technicians and inadequate maintenance infrastructure can pose challenges for solar ventures. Training programs and collaborations with educational institutions are essential to address this gap and build a skilled workforce capable of supporting the growing solar industry.

Grid Integration Challenges: As solar ventures proliferate, integrating their output into the national grid poses a logistical challenge. Ensuring the seamless integration of solar-generated electricity requires upgrades to existing infrastructure and the development of smart grid technologies. This challenge necessitates collaboration between solar ventures and government entities to streamline grid integration processes.

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In conclusion, Nigeria's solar ventures stand at the intersection of vast opportunities and complex challenges. As the nation strives for energy sustainability, the success of these ventures is integral to achieving broader economic and environmental goals. By capitalizing on the opportunities, overcoming challenges through innovation and collaboration, and fostering a supportive ecosystem, solar ventures in Nigeria can continue to illuminate the path towards a brighter, more sustainable energy future.

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CURRENT AFFAIRS

The Rise Of Off-Grid Solar Transforming Nigeria's Energy Landscape In the heart of West Africa, Nigeria grapples with a challenge that resonates across the continent – the need for reliable and accessible energy. The nation's burgeoning population, coupled with an overburdened and often unreliable power grid, has given rise to an innovative solution that is quietly transforming the country's energy landscape: off-grid solar.

The Grid's Struggles: Nigeria's conventional power grid has long been plagued by a litany of issues – from inadequate maintenance and insufficient capacity to an aging transmission network. The result is a frustrating reality of frequent blackouts, voltage fluctuations, and the daily struggles of individuals and businesses alike to maintain a consistent source of power. The challenges are particularly acute in rural areas, where the extension of traditional power infrastructure becomes both logistically challenging and economically unfeasible.

Off-Grid Solar Emergence: Amidst these challenges, off-grid solar solutions have emerged as a beacon of hope. These decentralized, sustainable, and costeffective alternatives offer a lifeline to both urban centers and remote communities, bringing reliable power independent of the main grid. From solar home systems to mini-grids and standalone solar appliances, this technology is redefining how Nigeria approaches energy access.

Government Backing and Policy Initiatives: The Nigerian government, cognizant of the potential of off-grid solar to address the energy deficit, has rolled out initiatives and policies to support its widespread adoption. Agencies like the Rural Electrification Agency (REA) and policies like the Nigeria Electrification Project (NEP) are at the forefront, providing financial incentives, regulatory support, and technical assistance. These programs are not just facilitating private sector participation but are also fostering innovation within the renewable energy sector.

Economic Empowerment and Job Creation: The impact of off-grid solar isn't confined to powering homes; it extends to economic empowerment and job creation. Local entrepreneurs engaged in the production, distribution, and maintenance of solar systems are contributing to the growth of a nascent off-grid solar market. The decentralized nature of these systems allows for community engagement, skills development, and the establishment of micro-enterprises, injecting economic resilience into the very fabric of local communities.

SOLARQUARTER AFRICA

Enhancing Healthcare and Education: Beyond economic empowerment, reliable electricity is a linchpin for essential services like healthcare and education. Off-grid solar systems are powering medical facilities, facilitating the use of critical equipment, refrigeration for vaccines, and lighting for surgeries. In education, these systems are extending study hours for students, enabling e-learning, and enhancing overall educational outcomes. The ripple effect of off-grid solar in these fundamental sectors has the potential to catalyze holistic development and well-being at the grassroots level.

Sustainability in the Spotlight: While addressing immediate socio-economic challenges, off-grid solar in Nigeria is also contributing to global efforts to combat climate change. By harnessing the abundant sunlight that bathes the country, these systems reduce reliance on fossil fuels, cut down carbon emissions, and mitigate the environmental impact of traditional energy sources. As Nigeria seeks a delicate balance between economic growth and environmental sustainability, the adoption of off-grid solar emerges as a crucial pillar of its sustainable development strategy.

Challenges and the Road Ahead: However, the path to a solar-powered future is not without its challenges. Financing hurdles, regulatory complexities, and the need for robust maintenance and support mechanisms remain obstacles to widespread adoption. Overcoming these challenges demands persistent collaboration between the public and private sectors, innovative financing models, and a commitment to navigating the evolving regulatory landscape. In conclusion, the rise of off-grid solar is quietly but fundamentally reshaping Nigeria's energy landscape. As decentralized solar solutions gain momentum, their socioeconomic and environmental benefits are becoming increasingly apparent. With the Nigerian government's steadfast commitment to promoting off-grid solar and the ingenuity of local entrepreneurs driving innovation, the nation is on a transformative journey toward a more inclusive, sustainable, and resilient energy future.

NOV-DEC Issue 2023

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