Global Consortium Targets Nigeria’s Power Woes with Renewable Energy Solutions

Nigeria’s power sector may see improvements as the Global Energy Alliance for People and Planet (GEAPP), backed by the Rockefeller Foundation, Bezos Earth Fund, and Ikea Foundation, launches efforts to fix the country’s energy crisis. Nigeria, home to 86 million people without access to electricity, faces persistent power outages, worsened by outdated equipment and an underperforming national grid. GEAPP aims to build pilot solar mini-grids in the 11 power distribution regions across the country. The consortium has already built a one-megawatt grid in Ogun State that will provide 24-hour electricity to the local community rather than eight hours from the electricity distributor. With World Bank support, the project seeks to roll out 10 gigawatts of mini-grids, helping Nigeria overcome its energy poverty. Via its Demand Aggregation for Renewable Technology (DART) program, GEAPP aims to reduce solar equipment costs for developers by combining their needs. It also supports developers through a $25 million financing facility.

SOURCE: BUSINESS INSIDER | AFRICA.COM