enee.io’s Post

Learn more about ‘Achieving Economies of Scale in Nigerian Solar Value Chain’ in this report sponsored by Sustainable Energy for All (SEforALL) and All On.   The report analysis shows focused implementation of key enablers in existing policies, access to data, low-cost finance and capital investments that provides the best pathway to increased electrification and localization of the upstream value chain.   It also showcases the Federal Government of Nigeria’s role in ‘Sharpening Policy Focus’ for the enhancement of the renewable energy sector.   The support from Rural Electrification Agency of Nigeria (REA) in providing ‘Access to Data’ to determine the best operators and sites for solar systems deployment in support of the Solar Power Naija Programme, was stated therein.   And the market assessments on ‘Accessing Finance’ conducted identified that single digit local currency financing and access to FX at the Central Bank of Nigeria’s (CBN) rate is required urgently to scale the market.   Click link below to download report https://lnkd.in/dV_xe9kT   #AllOn #EnergyScale #EnergyInnovations #PowerfulCollaborations #EnergyReport #Accesstofinance

🔌 Bridging Nigeria's Electricity Generation Gap: A Call to Action 🔋 Nigeria, with its rapidly growing population and expanding economy, faces a significant challenge: the gap between our power generation capacity and the actual demand. Despite having an installed capacity of over 12,500 MW, our generation hovers around 4,000 MW, leaving millions without reliable power. Currently, our electricity generation infrastructure is insufficient to meet the needs of businesses and households across the nation. 🌟 Why This Matters: Economic Growth: Reliable power is crucial for industrialization and economic development. Quality of Life: Adequate electricity supply improves living standards and supports essential services like healthcare and education. Investment Attraction: Consistent power supply attracts foreign and domestic investments, fostering job creation and innovation. 📈 Way Forward: Boosting Generation Capacity: We must invest in new power plants and upgrade existing ones to ensure they operate at optimal capacity. Diversifying Energy Mix: By integrating renewable energy sources like solar, wind, and hydro, we can create a more sustainable and resilient power supply. Enhancing Efficiency: Modernizing our infrastructure with smart grids and advanced technologies will reduce losses and improve efficiency. Public-Private Partnerships (PPPs): Collaboration between the government and private sector can drive infrastructure development and operational efficiency. Policy Reforms: Clear, consistent, and investor-friendly policies will encourage investment and growth in the power sector. 🔋 Renewable Energy as a Key Player: Renewable energy sources like solar, wind, and hydro hold immense potential. They not only offer sustainable solutions but also have the capability to be deployed rapidly to meet urgent power needs. 📢 Join the Conversation: Your insights, experiences, and innovations are crucial. Share your thoughts and solutions on how we can bridge this gap and power Nigeria's growth. #NigeriaPowerSector #ElectricityGeneration #RenewableEnergy #PublicPrivatePartnerships #EconomicGrowth #SustainableDevelopment #EnergyInnovation

On May 31, 2024, the Electricity Hub team held a 3-hour closed virtual session with several energy sector leaders to discuss strategies for advancing Nigeria's power sector. Key takeaways from the discussion include: 1. The energy sector has many interconnected aspects. Inefficiency in one area affects the entire value chain, highlighting the need for a holistic improvement approach. 2. Nigeria must intentionally address bottlenecks in the energy sector, especially in electricity. This is crucial for economic growth, as all economic development is tied to a reliable power supply. 3. Stakeholders must collaborate to ensure ease of business in the energy sector. In particular, players in the electricity sector should be allowed to thrive, promoting a more efficient and robust industry. 4. Attracting investments for smart businesses and households is vital for modernizing Nigeria's power sector. Investment in smart technologies and energy-efficient appliances can reduce energy consumption, lower consumer costs, and create a more sustainable energy landscape. Some of the stakeholders who joined us for the session were Afolabi Akinrogunde, Biodun Ogunleye Edu Okeke Abigail O. Felix Ekundayo Eckhard Heine, Bassey Obeten among others. #energy #nigeria #electricity Blessing Afolabi Nameh Ajayi Martins Eze

Embracing Solar Energy in Nigeria's Post-Fuel Subsidy Era As Nigeria moves away from fuel subsidies and faces rising pump prices, solar power emerges as a compelling alternative for a sustainable future. This transition presents numerous advantages, including cost savings, energy independence, and environmental benefits. With the increasing financial burden of traditional fuel sources, investing in solar energy systems can significantly reduce or eliminate monthly electricity bills. This allows individuals and businesses to redirect funds towards essential needs or growth opportunities. Moreover, solar power offers a pathway to energy independence. By generating their own electricity, Nigerians can escape the volatility of fuel prices and availability, gaining control over their energy futures. Transitioning to solar also addresses environmental concerns. Adopting clean energy helps reduce carbon footprints and contributes to combating climate change, ensuring a healthier planet for future generations. As we embrace this new era post-subsidy, let us recognize the transformative potential of solar energy. Now is the time to harness the sun’s power for a sustainable, reliable, and economically viable energy solution in Nigeria. #solarenergysystem #solarenergy #solarinstallation #solarpanels

It’s such an interesting time to be a #professional in the energy sector and I absolutely 💯 love the thriller😊. The changes and innovations keep trailing each other since the constitutional amendment and the consequent enactment of the Electricity Act, 2023. Whilst there are positive and negative feedbacks on the impact of these changes, I am optimistic that we will have a good landing in the end if properly implemented. 𝐀𝐬 𝐚 𝐬𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐬𝐞𝐜𝐭𝐨𝐫, 𝐦𝐚𝐤𝐞 𝐬𝐮𝐫𝐞 𝐲𝐨𝐮 𝐚𝐫𝐞 𝐧𝐨𝐭 𝐣𝐮𝐬𝐭 𝐚 𝐬𝐩𝐞𝐜𝐭𝐚𝐭𝐨𝐫. 𝐄𝐧𝐬𝐮𝐫𝐞 𝐲𝐨𝐮 𝐚𝐫𝐞 𝐦𝐚𝐤𝐢𝐧𝐠 𝐬𝐨𝐦𝐞 𝐜𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 (𝐧𝐨 𝐦𝐚𝐭𝐭𝐞𝐫 𝐡𝐨𝐰 𝐬𝐦𝐚𝐥𝐥 𝐚𝐧𝐝 𝐢𝐧 𝐰𝐡𝐚𝐭𝐞𝐯𝐞𝐫 𝐰𝐚𝐲 𝐩𝐨𝐬𝐬𝐢𝐛𝐥𝐞 ) 𝐭𝐨 𝐭𝐡𝐞 𝐠𝐫𝐨𝐰𝐭𝐡 𝐨𝐟 𝐀𝐟𝐫𝐢𝐜𝐚’𝐬 𝐞𝐧𝐞𝐫𝐠𝐲 𝐬𝐞𝐜𝐭𝐨𝐫. 𝐁𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 the 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧. 𝐖𝐞 𝐜𝐚𝐧 𝐦𝐚𝐤𝐞 𝐢𝐭 𝐰𝐨𝐫𝐤, 𝐈𝐭’𝐬 𝐨𝐮𝐫 𝐜𝐨𝐧𝐭𝐢𝐧𝐞𝐧𝐭 𝐚𝐧𝐝 𝐩𝐨𝐬𝐭𝐞𝐫𝐢𝐭𝐲 𝐰𝐢𝐥𝐥 𝐭𝐡𝐚𝐧𝐤 𝐲𝐨𝐮 𝐟𝐨𝐫 𝐢𝐭. Was a pleasure granting an interview to BusinessDay on the opportunities presented by State Electricity Market in Nigeria. Thanks Faith Esifiho. Always a pleasure speaking to you. Welldone on the good work. Read my thoughts 💭 below: #electricitymarket. #sustainableenergywithCA

#FlashbackFriday During the 98th Power Dialogue in September 2024, the panellists highlighted the need for incentives to encourage private sector involvement and implementation. They also said partnerships and research and development are crucial to promoting adopting hybrid energy solutions. Dr Segun Adaju stated that Nigeria’s electricity market needs to be innovative and try new models; this is where a hybrid solution comes in. Adedamola Adegun stated that the grid power business in Nigeria is static, and energy solutions that can help are being applied to it. He noted that hybrid solutions combine the on-grid and off-grid to ensure a stable system and serve the country’s underserved. Mr Lamide Niyi-Afuye noted that the Nigeria Electrification Project (NEP) has catalysed companies in the mini-grid market to become utility players. Engr. Basil Ozuluonye said Nigeria could be a global power source in producing LED acid batteries and solar power frames. He stated that implementing policies honestly and thoughtfully can help Nigerians benefit from hybrid solutions. Ready for our 99th Power Dialogue on October 30, 2024?

Recently, Gbemileke Kolawole and I had a conversation about the practicality of Nigeria's Energy Master Plan 2022. From the conversation, we decided to provide a summarized critical perspective of the #NigeriaEnergyMasterPlan, especially taking into consideration how the global energy landscape (such as the European market) is increasingly becoming #lowcarbon. From the critique, we found the following. ⚡ The plan's reliance on a 7% annual GDP growth rate is at odds with Nigeria's actual #GDP growth trends, averaging 5.6% from 2000 to 2023 and 3.2% from 2010 to 2023 ⚡ The plan lacks clear projections for upscaling Nigeria's energy mix, including the share of #energy from #renewables, timeframe, and infrastructure needs ⚡ The plan's silence on potential emissions from exploiting oil, gas, and coal reserves is alarming. Without estimating #CO2 and #methane emissions or providing a mitigation framework, Nigeria's net-zero commitments and Nationally Determined Contributions #NDCs goals are jeopardized. ⚡ The plan lacks clear financial projections, omitting essential details on funding expectations, timelines, and strategic plans to meet financial targets ⚡ The plan fails to establish specific assessment metrics to measure implementation efficiency, neglecting crucial monitoring and evaluation tools Further, we presented a concise perspective on how the evolving and highly dynamic global low carbon clean energy systems impacts Nigeria's Energy Plan. The submission is found in the attached document. Meanwhile, it is important to note that this perspective will continuously change hence, the submission presented here is not absolute - more so, the reason for continuous engagements to present up-to-date perspectives. #energytransition

The Future of Energy is Here: My Journey to Solar Power As we advance in solar energy, the monopoly of power distribution companies is slowly fading away. My recent experience with Ikeja Electricity Distribution Company (IKEDC) prompted me to explore solar energy to meet my electricity needs. I was shocked to receive a bill of over N300,000 (Band A) within two months, with an estimated monthly consumption of 700kwh. Despite having a meter installed with an average monthly reading of between 200-250 kwh, IKEDC refused to read it without any valid technical or legal reasons. This experience led me to invest in solar energy, and the results have been remarkable. I can now generate enough energy at a significantly reduced cost. A word of caution to electric distribution companies in Nigeria: integrity is key to retaining customers. Consumer exploitation is not a viable marketing strategy; it's a fraudulent act. Honesty is the soul of every successful business worldwide. While the initial cost of solar energy may be high, it's a clean and sustainable solution for the future. #SolarEnergy #Sustainability #NERC #IKEDC #CleanEnergy #EnergyFuture #Nigeria #Lagos #corruption #justice

While researching for energy tokenization, I was glad to come across this easy to understand research from the "Energy for Growth Hub" by Todd Moss & Jacob Kincer. The report explores the link between energy and economic growth. Here are some of the findings: ✅ Strong Correlation: There's a clear connection between income and energy consumption across the globe. Wealthier countries tend to use more energy. ✅ Chicken or Egg?: While it's unclear if energy drives economic growth or vice versa, reliable and affordable energy is crucial for economic activity. ✅ Energy as an Enabler: Studies show that access to affordable energy positively impacts businesses in several ways: ☑ Increased Productivity: Reliable power reduces disruptions and boosts output. ☑ Improved Profitability: Lower energy costs and fewer outages lead to higher profits. ☑ Job Creation: Access to electricity supports businesses, leading to more jobs, especially high-skilled ones. ☑ Macroeconomic Growth: Investments in energy infrastructure can contribute to overall economic expansion. ✅ The Importance of Energy for Development: The lack of energy access can hinder development, particularly job creation for young populations. The article highlights the example of Nigeria's growing population and limited electricity generation capacity. Overall, the article argues that access to affordable and reliable energy is a key driver of economic growth and development. This knowledge reaffirms that our vision at AEIR is right. To be able to be the conduit for smart energy networks is to provide an ecosystem for in-country innovation, investments and development. The availablity of a wireless energy network will be that "tide that lifts all boats" and through Netzium, we will be able to enable more people to participate in the life changing opportunities in the renewable energy industries. To be able to actively participate in the global renewable energy pivot for a sustainable future for all. #EnergyforDevelopment #ImpactofEnergy #SmartGrids #EnergyGrids #AEIR #Tokenization #EnergyTransition #Netzium

The article discusses significant developments in Nigeria's Energy sector in the year 2023. It highlights the actions taken by the newly elected government led by Bola Ahmed Tinubu, particularly the decision to end the long-standing subsidy on the sale and distribution of Premium Motor Spirit (PMS). This move is portrayed as a response to the financial strain the subsidy imposed on the Federal Government, leading to its declaration as unsustainable. Click the link to view the full publication: https://lnkd.in/dvjyrgEX #JacksonEttiandEdu #AFullServiceLawFirm #EnergySector #Energy #Project