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Home Energy Reports

Jeff Bezos  Plans to Address Nigeria’s Power Supply  problems  Via solar mini-grids

News Editor by News Editor
October 22, 2024
in Energy Reports
0
Blackout in Northern Nigeria After 330kV Circuit Trip

 

The Global Energy Alliance for People and Planet, (GEAPP), a global climate organization, supported by the Rockefeller Foundation and the Bezos Earth Fund, is piloting a solar mini-grid initiative in Nigeria to address the nation’s unreliable power supply, which hampers productivity.

The Global Energy Alliance for People and Planet, established in 2021 in collaboration with the Ikea Foundation, completed the first interconnected mini-grid in December with two additional grids currently under construction, with funding secured for a fourth.

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Operated by private developers, these mini-grids complement the limited electricity from the national grid, ensuring businesses and households stay powered continuously.

 

GEAPP’s Demand Aggregation for Renewable Technology (DART) program consolidates the needs of multiple developers to reduce solar equipment costs. It also manages a $25 million financing facility, enabling developers to secure funding in dollars for equipment imports, with repayment made in Nigeria’s naira once they begin generating revenue.

“You have those kind of under-served communities that do require reliable power to power their homes and their businesses,” said Fauzia Okediji, a utility innovation manager at Geapp, during an appearance on Bloomberg TV’s Wall Street Week.

 

 

Muhammad Wakil, the country delivery lead for the New York-based Geapp, during an interview at the project site in Ogun state, “We need hundreds or thousands of this kind of projects across Nigeria to end energy poverty. We have shown it’s a viable business model.”

 

Nigeria has the highest number of people without access to electricity globally, with about 86 million affected, while the rest of its 230 million population experiences limited power.

The national grid provides only 4,000 megawatts—roughly one-sixth of South Africa’s generation capacity, despite South Africa’s population being just a quarter of Nigeria’s. Frequent outages and occasional nationwide grid collapses further compound the country’s power challenges. NairaMetrice

Tags: GEAPPGlobal Energy Alliance for People and Planet
News Editor

News Editor

SUMMIT POST (www.summitpostnews.com) is an Online news medium, powered by Highland Media Ltd. We publish a wide range of content, including Politics, Business, Sports and Entertainment on and about Nigeria, Africa and beyond. Follow us on social media for all the latest news and analysis. Contact us: WhatsApp: +234-803-209-6072; Call: +234-705-252-6124 Email: summitpostnigeria@gmail.com

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SUMMIT POST NEWS (www.summitpostnews.com) is an Online news medium, powered by Highland Media Ltd. We publish a wide range of content, including Politics, Business, Sports and Entertainment on and about Nigeria, Africa and beyond. Follow us on social media for all the latest news and analysis. Contact us: WhatsApp & Calls ‪+234-803-209-6072‬, ‪+234-705-252-6124‬: Email: summitpostnigeria@gmail.com

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