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Empower New Energy and Rensource have partnered to create the largest solar power purchase agreement in Nigeria’s commercial and industrial sector.
The 700KWp ground-mounted solar PV plant for Nigeria’s largest egg producer Premium Poultry Farms will generate a gigawatt hour of clean energy annually. This will save up to 25,000 tons of CO2 over its lifetime, contributing to Abuja’s fight against local air pollution.
The project marks the largest clean energy project in Nigeria’s poultry industry. The power plant is expected to operate for at least 25 years, according to the power purchase agreement signed between buyer Premium Poultry and Norwegian impact investment company, Empower New Energy.
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Ademole Adesina, Founder / CEO of West African Renewable Energy Service Provider Rensource: “This solution for Premium Poultry Farms, Nigeria’s largest egg producer, demonstrates our ability to meet the energy needs of a diverse range of industrial customers. . We are honored to provide affordable clean energy to further grow Nigeria’s critically important agricultural sector while reducing emissions.
Premium Poultry Farms produces 600,000 eggs a day and has its own feed mill. The solar plant project, which will begin operations in December 2020. It is estimated that the plant will generate 40 jobs during its construction and operation phase.
Alhaji Mahey Rasheed, President of Premium Poultry Farms: “We pride ourselves on being good stewards of the environment and are pleased to continue to improve our efforts with this solution. Sustainability is at the heart of the farm’s philosophy. This project also allows us to benefit from the substantially lower energy costs offered by solar photovoltaic technology and we are excited to become the largest solar powered poultry farm in the country. “
Solar power for the C&I market could drive the transition to clean energy in Sub-Saharan Africa despite the interruption of the COVID-19 pandemic
A 2019 Bloomberg NEF report on bringing solar power to the Sub-Saharan Africa C&I market noted that a combination of high electricity rates, falling PV prices and a lack of grid reliability was driving energy sales. solar on site to commercial clients. Solar energy for businesses in Sub-Saharan Africa found that the C&I market in SSA was growing, not because of regulatory support (as is the case in developed countries) but for economic reasons. On-site solar power is cheaper than electricity rates paid by commercial or industrial customers in half of the markets studied by Bloomberg NEF.
The COVID-19 pandemic, although since then it has affected the energy sector and the International Energy Agency in its World Energy Report 2020 He said it was too early to say how the crises would affect the transition to clean energy. Solar energy was constantly at the center of all the scenarios posed during the next decade. The IEA report noted that solar projects consistently offer some of the lowest electricity costs in history and would be the main driver of growth for power projects to meet global electricity needs for the foreseeable future.
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While institutions like the World Bank and AfDB are prioritizing the development of renewable energy to address climate change, the global pandemic has diverted funds in many African countries to address urgent medical care and other socio-economic emergencies.
However, projects like this premium poultry farm solar power plant show that the economic urgency of finding affordable energy to run your business can still outweigh the lack of regulatory pressure.
