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Showing posts with label Solar. Show all posts
Showing posts with label Solar. Show all posts

Thursday, January 25, 2018

Onshore wind power now affordable, solar to halve by 2020 - Study

The cost of generating power from onshore wind has fallen by around a quarter since 2010, with solar PhotoVoltaic (PV) electricity costs falling by 73 per cent in that time, according to new cost analysis from the International Renewable Energy Agency (IRENA), reports NaijaAgroNet.

The IRENA study, NaijaAgroNet reports, highlighted that solar PV costs are expected to halve by 2020, stressing that the best onshore wind and solar PV projects could be delivering electricity for an equivalent of USD 3 cents per kilowatt hour (kWh), or less within the next two years.

Also, NaijaAgroNet reports that global weighted average costs over the last 12 months for onshore wind and solar PV now stand at USD 6 cents and USD 10 cents per kWh respectively, with recent auction results suggesting future projects will significantly undercut these averages.

According to the Executive Summary of the study, onshore wind is now routinely commissioned for USD 4 cents per kWh. The current cost spectrum for fossil fuel power generation ranges from USD 5-17 cents per kWh.

The Director-General at IRENA, Adnan Z. Amin, was quoted as saying, “This new dynamic signals a significant shift in the energy paradigm. These cost declines across technologies are unprecendented and representative of the degree to which renewable energy is disrupting the global energy system." 

The study, NaijaAgroNet gathered was recently released on the first day of IRENA’s Eighth Assembly in Abu Dhabi on ‘Renewable Power Generation Costs in 2017’ highlights that other forms of renewable power generation, such as bioenergy, geothermal and hydropower projects in the last 12 months have competed head-to-head on costs, with power from fossil fuels.

The findings, NaijaAgroNet reported, had noted that by 2019, the best onshore wind and solar PV projects will be delivering electricity for a USD 3 cents per kWh, significantly below the current cost of power from fossil fuels.

NaijaAgroNet equally reports that for IRENA, competitive procurement practices together with the emergence of a large base of experienced medium-to-large project developers competing for global market opportunities, are cited as new drivers of recent cost reductions, in addition to continued technology advancements.  

“Turning to renewables for new power generation is not simply an environmentally conscious decision, it is now – overwhelmingly – a smart economic one. Governments around the world are recognizing this potential and forging ahead with low-carbon economic agendas underpinned by renewables-based energy systems. We expect the transition to gather further momentum, supporting jobs, growth, improved health, national resilience and climate mitigation around the world in 2018 and beyond,” Amin said.  

Further, NaijaAgroNet reports that IRENA study underscored that auction results are signaling that offshore wind and concentrating solar power projects commissioned in the period between 2020-22 will cost in the range of USD 6-10 cents per kWh, supporting accelerated deployment globally.


“IRENA projects that all renewable energy technologies will compete with fossils on price by 2020,” he said.

Isaac Oyimah/GEE

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Sunday, November 26, 2017

Access Power, FMO open submission for $100,000 solar ‘Shark Tank’ Competition

The Dutch development bank, FMO and Access Power, a leading developer, owner and operator of power projects in emerging markets, have jointly launched the 2018 FMO Access Power Solar 'Shark Tank' Competition, seeking submissions for a solar projects, while dangling US$100,000 grant, reports NaijaAgroNet.

The call for 2018 submission follows the successful completion of the first installment in 2016 at the ‘Making Solar Bankable’ conference. The initiative is aimed at helping local solar power developers that require development support to make their innovative solar projects more impactful.

To be considered for the grant, NaijaAgroNet gathered that the proposed projects must be located in Asia, Africa or Latin America and be based on solar PV technology, in addition to meeting the capacity criterion of 10MW or more, and be at an advanced stage of development. Further, eligible projects should have an innovative or impactful angle to the project that could be developed with support of the grant.

Proposals, NaijaAgroNet also reports, will be screened and scored by a pre-selection committee assembled by FMO and Access Power, while the top four shortlisted will be invited to present their projects and answer questions from a panel of judges in front of a live audience on the 15th of February 2018 during the second edition of the 'Making Solar Bankable' conference, co-organized by FMO and Solarplaza in Amsterdam, Netherlands on 15 and 16 February.


“The winning project will be announced at the end of the session during the event,” the organisers disclosed, adding that the winner will receive a $100,000 grant towards the development costs of their project from FMO and Access Power.

Isaac Oyimah/ED, Ops 
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Monday, October 9, 2017

Off-grid Solar set to triple in Africa - IEA

The International Energy Agency (IEA) 2017 report on renewables, has shown that off-grid solar capacity in Africa is set to almost triple in the next five years, reports NaijaAgroNet.

According to the report sighted by NaijaAgroNet, it will “bring basic electricity services to almost 70 million more people in Asia and sub Saharan Africa.”

Also, the IEA found that the amount of power from solar grew by over 50 per cent, and has officially increased energy output globally at a faster rate than any other fuel. The report specifically highlights off-grid solar as a ‘dynamic’ sector set to accelerate this growth.

NaijaAgroNet gathered that Lumos, a company that offers one of the fastest growing off-grid solar services in Africa, is at the forefront of this expansion. Lumos launched its Mobile Electricity Service and the Y’ello Box in partnership with MTN in Nigeria earlier this year. The device transforms the sun’s energy into electricity and is paid for via your mobile phone.

For IEA, off-grid capacity in Africa and Asia is set to reach “over 3000 MW in 2022.” CEO of Lumos Nigeria, Yuri Tsitrinbaum, said: “This is the latest evidence that off-grid solar is providing the answer to growing energy demand in Africa. There is no other option available that can provide energy that is as affordable, reliable, and clean.”

“We are changing the way people access electricity, and this is only the beginning. Mobile phones improved millions of lives, and now we are seeing the same thing with mobile electricity.”

Lumos Mobile Electricity Service is available at MTN stores across Nigeria. By subscribing to the service, customers get one of the revolutionary Y’ello Box systems that converts solar energy into electricity for the home, paid for by phone credit and a simple text message. It’s reliable, affordable and powerful.


The IEA report further projected that over the next five years, services like Lumos will be the catalysts and drivers of innovative payment solutions that can allow low-income populations access to electricity.

Isaac Oyimah/GEE
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Thursday, September 7, 2017

First solar power incubator for showcase, invites proposals

The city of Abidjan in Cote D’Ivoire has concluded plans to host the first solar power incubator conference tagged ‘Unlocking Solar Capital Africa’ next month, October, reports NaijaAgroNet.
The conference championed by Solarplaza, NaijaAgroNet reports focuses on connecting solar project development and finance cum investment, will be the first African event featuring a Solar Incubator programme.

NaijaAgroNet gathered, this event is aimed at identifying Solar cells, also called photovoltaic (PV) cells by scientists, which converts sunlight directly into electricity. PV, experts say gets its name from the process of converting light (photons) to electricity (voltage), which is called the PV effect.
Also, it’s aimed at PV projects of potential in sub-Saharan Africa by providing access to funding, commercial and technical know-how.

In addition, NaijaAgroNet gathered, the initiative ‘The PV Solar Incubator, Your Project, Our Expertise, For a Sustainable Future,’ will be launched by Phanes Group in partnership with Solarplaza, Hogan Lovells, responsAbility, and Proparco, and invites PV developers to submit proposals for projects that are based in sub-Saharan Africa, and have a clear Corporate Social Responsibility (CSR) component.

Candidates are asked to submit their proposals before October 1, 2017, via Phanes Group’s website or through the conference website.

Shortlistees, NaijaAgroNet further gathered will be invited to pitch their projects to an expert panel at Solarplaza’s ‘Unlocking Solar Capital Africa’ conference in Ivory Coast, October 25 - 26, where the industry’s biggest players will hold extensive discussions about solutions for Africa’s solar energy funding gap.


Chief executive officer, Phanes Group,  Martin Haupts, revealed to NaijaAgroNet, comes as part of Unlocking Solar Capital Africa’s goal to solve Africa’s solar energy funding gap and Phanes Group's core strategy to collaborate with Africa-focused counterparties, such as local project owners, governments, and developers on projects that seek to create a sustainable future for urban and rural communities across the sub-Saharan region.

Isaac Oyimah/GEE
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Friday, June 2, 2017

ECOWAS gets $1bn Israeli solar energy boost

An Israeli renewable energy company, Energiya Global and the USAID Power Africa Initiative have collaborated to boost the electricity power supply in the Economic Community of West African States (ECOWAS) with some $1billion solar commitment, reports NaijaAgroNet.

This is coming as a Memorandum of Understanding (MOU) signed Friday between the State of Israel and ECOWAS, Israel’s leading solar developer to invest $1 billion over the next four years to advance green energy power projects across the 15 member states of the West African economic community.

“In honor of President Ellen Johnson Sirleaf’s two terms in office, and Liberia’s friendship with the State of Israel, Energiya Global and our international partners will finance and build a commercial-scale solar field at the Roberts International Airport, which will supply 25 per cent of the country’s generation capacity,” says Yosef I. Abramowitz, CEO.  “We are prepared to finance and build the first National Demonstration Solar Projects in all ECOWAS-affiliated countries in order to promote political stability and social and economic development, as well as to advance knowledge transfer.”

Energiya Global and its associated companies developed the first commercial scale solar field in sub-Sahara Africa in Rwanda, which is supplying 6 per cent of the country’s power, and the group broke ground on a similar power plant in Burundi, which will supply 15 per cent of the country’s power by the end of the year.  The solar group has fields at various stages of development in ten African countries and expects to announce its full program at the Israel-Africa Summit in Togo at the end of October.


In an historic first, Israeli Prime Minister Binyamin Netanyahu is scheduled today to address the 15 West African heads of state of ECOWAS, as well as the head of the African Union. “Israel is coming back to Africa,” the Prime Minister will announce, and will outline the technological innovations in agriculture, water, green energy and more that can support economic development in West Africa. 

Isaac Oyimah/GEE 
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Tuesday, July 17, 2012

Solar Jooce, BATNF train women solar technicians


Women at the training exercise
          In a bid to reduce unemployment among women in Nigeria, Solar Jooce and British American Tobacco Nigeria Foundation (BATNF) have concluded the first phase of training of the some rural Oyo women on assemblage and repairs of basic solar lanterns and phone charging units.
This follows the recent signing of an agreement to train these rural women in Oyo State and sealed between the Executive Director, BATN Foundation, Mr. Gbenga Ibikunle and the chief executive officer, Solar Jooce, Mr. David Agbakoba.
Speaking on the development, Solar Jooce boss, Mr. Agbakoba noted that of the world's 1.6 billion people living without electricity, 80 per cent live in Sub Saharan Africa.
Solar Jooce, a social enterprise dedicated to improve the quality of life of rural communities in Nigeria that have little or no access to electricity, through its coordinator, Anne Agbakoba, revealed to NaijaAgroNet that the main objective of the agreement in its pilot stage was to train an initial 20 rural ladies to become solar technicians and to help them set up solar micro-business.
This, she said, has kicked-off with the training which covers four local governments in Oyo State, namely Areas in Oyo state - Itesiwaju, Kajola, Oyo West, and Iseyin. The exercise, she said, is meant to empower the ladies to light up their communities and spread the use of solar as an alternative to dangerous and expensive fossil fuelled lighting such as the kerosene lamps.
She also confirmed to NaijaAgroNet that the initiative would be moved to other states across the federation with the collaboration of British American Tobacco Nigeria Foundation, an independent charitable organization incorporated in Nigeria with the vision to improve the quality of life of citizens in rural and urban in Nigeria.
Women at the training exercise 
Equally, she explained that the initiative entails a marketing and financial management training entitled ‘Growing your new solar Micro-business’ was conducted in Yoruba by Mrs. Yemi Owolabi, executive director, Finance of Standard Chartered Bank, Nigeria.
The Solar Jooce women’s empowerment initiative, NaijaAgroNet gathered, is a small step in the daunting task of providing a clean, alternative source of electricity, alleviating poverty, and providing opportunities for rural families in Nigeria.
NaijaAgroNet recalls that the training workshop is also supported by the Hertz Corporation, C & I Leasing (transport & logistics), Sesema PR, and the Bishop of Ajayi Crowther Diocese, Bishop O. O. Oduntan.
The first phases of the initiative was a massive awareness creation about the use and benefits of solar applications through the donation of combined solar lantern and phone charging unit to a community in the 36 states of the country.
Further, the second phase, NaijaAgroNet gathered is a long-term capacity building scheme which to train women in the assembling and troubleshooting solar applications in order for them to be able to start their own small solar trade with its first pilot in June 2012.
Remmy Nweke
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