NSIA launches $300m renewable energy fund for Nigeria
The Nigeria Sovereign Investment Authority has launched a $300 million Nigeria Distributed Renewable Energy Fund aimed at accelerating private-sector investment in renewable…
renewable energy
EU, S’Africa secure €15.5bn for African renewable energy
A year-long international campaign to fast-track renewable energy investment across Africa has closed with commitments totalling €15.5bn, driven predominantly by the European…
China to drive Africa’s renewable energy revolution – Report
China has an extraordinary opportunity for an energy revolution in Africa, but first, it must overcome almost two decades of neglect regarding…
REAN to invest over $80m in renewable energy
By Wilson Adekumola President, Renewable Energy Association of Nigeria, Mr Ayo Ademilua, has disclosed that 80 million dollars is available…
WATT secures $13m investment for renewable energy in Nigeria
Empower New Energy has invested $13 million in WATT Renewable Corporation, a privately held hybrid solar solutions supplier. The Times reported that…
Nigerian institute invests in renewable energy training
The National Power Training Institute of Nigeria has announced that it has made investments in the renewable energy sector by providing extensive…
G7 Nations to speed up renewable energy, phase out fossil fuel
The G7 nations have agreed to hasten the deployment of renewable energy and curtail natural gas consumption in a bid to accelerate…
EU to increase renewable energy target by 2030
The European Union on Thursday made a provisional agreement on increasing renewable energy targets, a key component of the EU’s strategy to…
Global renewable energy hits 9.6% increase in 2022
The total amount of renewable energy capacity worldwide reached 3372 gigawatts, representing an increase of 295 gigawatts or 9.6 per cent at…
World Bank funds Africa renewable energy project with $311m
Oluwanifemi Ojo The World Bank has signed an agreement with four African countries, Chad, Liberia, Sierra Leone, and Togo, worth $311…
92 million Nigerians lack access to electricity – Report
Nigeria has the lowest access to electricity globally, with about 92 million persons out of the country’s 200 million population lacking access…
Nigeria’s renewable energy investment potential hit $104bn – UK
Climate-smart investment potential in Nigeria, particularly in the renewable energy sector, is worth over $104bn, the United Kingdom High Commission has said.…