- The Nigerian state of Lagos is planning to build 1 GW distributed solar PV capacity by 2030 to address the demand supply deficit for grid-based electricity with the help of the World Bank.
- The initiative will concentrate on rooftop solar PV for the C&I, residential and government-owned building sectors.
State Commissioner for Energy and Mineral Resources, Olalere Odusote, confirmed the project during a 1-day workshop for various stakeholders, including the World Bank. The World Bank has yet to officially confirm their support.
Lagos is currently experiencing a demand-grid supply deficit estimated at 33 TWh to 43 TWh, and it is exploring rooftop solar as a potential solution.
Commercial and industrial (C&I) segment is expected to make up 60% of the capacity while residential and government-owned buildings taking up 20% each.
Odusote was quoted as stating, “The funding requirement for deployment of about 500 MW of solar DPV in the next 5 years is estimated at $350 million to $700 million. It is envisioned that this would be financed through a mix of grants, equity, and concessionary debt designed specifically for various consumer segments.”
Author: Bryan Groenendaal
