$2bn renewable energy investment yields 76,000 jobs, REA charges stakeholders on local capacity - ITREALMS Online

Nigeria’s renewable energy workforce participation remains disproportionately low, with the sector generating roughly 76,000 jobs despite attracting over $2 billion in cumulative investments, a stark contrast to the 16.2 million jobs supported globally by the solar industry, reports ITREALMS.

This disclosure was made by the Managing Director of the Rural Electrification Agency (REA), Dr. Abba Aliyu, who warned that Nigeria cannot build a sustainable energy transition on permanent import dependence.

Nigeria DARES: REA, signs grants for 8 renewable energy companies - ITREALMS

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The Rural Electrification Agency (REA) has taken a significant step towards accelerating energy access in Nigeria by signing grants with eight renewable energy companies under the Distributed Access through Renewable Energy Scale-Up (DARES) Project, reports ITREALMS.

This initiative, funded by the World Bank, ITREALMS gathered, aims to provide reliable and affordable electricity to 17.5 million Nigerians.

iPower: Empowering Nigeria’s renewable energy future - ITREALMS

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For decades, Nigeria’s power sector has been on shaky ground — struggling with unreliable electricity supply, aging infrastructure, and an overdependence on fossil fuels. Grid collapse has become a recurrent experience, forcing households and businesses to rely on expensive and polluting generators. Amid these challenges, past and present governments always paint a hopeful picture of reforms and investments aimed at improving the grid. Yet, in a world rapidly shifting towards renewable energy, true progress will not come from patching up a failing system but from embracing a sustainable, green energy future. Indigenous brands like iPower are already leading the way, proving that Nigeria does not have to be left behind.

The global energy landscape is undergoing a transformation. In fact, with the Paris Agreement, more than 110 countries have committed to a net zero emissions target by 2050. Renewable energy has become the new frontier as nations race to reduce carbon emissions and combat climate change. Solar farms are stretching across the Sahara, wind turbines are rising along coastlines, and battery technology is advancing at an unprecedented pace. Countries like China, Japan, and the US, which once relied on coal and crude oil, are now investing heavily in clean energy solutions — not just for environmental reasons but because renewables are proving to be more economically viable in the long run.

Swedfund, IFU invest in renewable energy development in Southern Africa - ITREALMS

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The Swedfund and Danish Investment Fund for Developing Countries (IFU), have partnered with Sturdee Energy to expand renewable energy in Southern Africa, reports ITREALMS

According to the press statement available to ITREALMS by the Director, Strategy & Communication at Swedfund, Ms Karin Kronhoffer, this partner comes with a primary focus on South Africa, a country heavily reliant on coal-fired electricity.

G7 tasks IRENA on monitoring group’s renewable energy progress - ITREALMS

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The Group of Seven (G7) Ministers’ Meeting on Energy, Climate and Environment has called on International Renewable Energy Agency (IRENA) to track the group’s collective contribution to COP28’s global target to triple renewables by 2030, reports ITREALMS.

The G7 leaders urged IRENA to track and monitor the group’s collective contribution toward the global renewable tripling target by next six years.

UNIDO seeks NASENI collaboration on renewable energy solutions of Nigeria

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The United Nations Industrial Development Organization (UNIDO) is seeking the collaboration of National Agency for Science and Engineering Infrastructure (NASENI) to reduce energy poverty in the country via domestication of renewable energy solutions and to fast-track industrial development of the country.

The Deputy Head, UNIDO Nigeria Office, Mr. Adekunle Olusile who led a delegation to visit the Management of NASENI on Monday, October 11, 2023 in Abuja, sought amongst others to facilitate German companies and research institutions’ collaborations with the Agency to reduce energy waste and support the present government’s food production agenda.

Innovation Week'23: IRENA spurs renewable solutions to decarbonise end-use sectors - ITREALMS

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Major energy sector gathering explores cutting-edge innovations to accelerate the global energy as leading companies, innovators and policy makers convene at the 2023 edition of the IRENA Innovation Week from 25 to 28 September in Bonn, reports ITREALMS.

Participants are to drive ground-breaking innovative renewable solutions that cut CO2 emissions in end-uses and accelerate the global energy transition.

NASENI, REA to deploy renewable technologies for rural electrification - ITREALMS

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The Executive Vice Chairman/CEO of the National Agency for Science and Engineering Infrastructure (NASENI), Mr Khalil Halilu and the Managing Director/CEO of the Rural Electrification Agency (REA), Mr. Ahmad Salihijo Ahmad have agreed to work together to deploy NASENI Solar resources and other renewable energy technologies, to increase electricity supply to Nigeria’s rural areas.

This commitment was the outcome of discussions between the two chief executives in Abuja on Friday September 15, 2023, when the EVC/CEO of NASENI visited the Rural Electrification Agency (REA) office as part of his efforts to engage with stakeholders to promote the adoption of NASENI’s technologies.

Renewable energy: Zinox to invest $250m, retrain over 500 Nigeria engineers - ITREALMS

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Africa’s leading integrated technology group, the ZINOX Technologies Limited, has unveiled a plan to invest over $250,000,000 after years of research, test running of durable and cost efficient multifaceted renewable energy solutions for Africa particularly Nigeria, with leading renewable energy companies in China, UK, South Africa and Dubai as partners.

For 23 years, Zinox has pioneered innovative technologies and boasts of an enviable track record of efficient delivery of critical tech solutions in Nigeria and various African countries. 

NCC spotlights renewable energy @World Consumer Rights Day'23

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The Nigerian Communications Commission (NCC) has concluded arrangements to host an event to mark the 2023 World Consumer Rights Day (WCRD) in Abuja with spotlight on its regulatory initiatives on clean energy usage in the telecoms sector.

ITREALMS recalled that the Commission since 2017, when it declared as Year of the Telecom Consumers and honoured telecom consumers by connecting with the global theme for the commemoration to celebrate the day with landmark activities, has continued to promote consumer protection and enlightenment.

Rubitec Academy, AMDA train 20 renewable engineers, entrepreneurs In Lagos

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Rubitec Academy in collaboration with Renewable Energy Association of Nigeria (REAN), and Association of Mini-Grid Developers in Africa (AMDA), has trained 20 renewable engineers, technicians and entrepreneurs, reports ITREALMS.

Participants in the training were drawn from REAN membership, and representatives of renewable energy companies affiliated with REAN such as Pragmatic Technologies, Acob lighting, Azuri Technologies, Lex Environmental, Ashipa Electric Ltd to name a few.