Nigeria To Launch 1GW Solar PV Plant In Partnership With Dutch And African Firms
Nigeria’s Infrastructure Corporation (InfraCorp) has signed a Memorandum of Understanding (MoU) with Solarge BV of the Netherlands and the African Green Infrastructure Investment Bank to launch a groundbreaking 1GW solar PV manufacturing plant.
The MoU was signed by Dr. Lazarus Angbazo, the Chief Executive of InfraCorp, who represented the government-supported infrastructure investment entity, at the ongoing COP 28 summit.
The proposed solar PV plant is expected to be one of the world’s first large-scale production facilities dedicated to lightweight solar panels with an ultra-low carbon footprint. The project aligns with global efforts to transition towards renewable energy sources and environmentally friendly technologies.
The plant will not only meet the energy demands of Nigeria, but also play a crucial role in the country’s commitment to sustainable local manufacturing and the development of critical infrastructure. By focusing on cutting-edge solar technology, Nigeria aims to make strides in reducing its carbon footprint and achieving Net Zero emissions.
InfraCorp, established and co-owned by the Central Bank of Nigeria (CBN), Africa Finance Corporation (AFC), and Nigeria Sovereign Investment Authority (NSIA), is a government-backed entity dedicated to driving infrastructure investments. Collaborating with Solarge BV and the African Green Infrastructure Investment Bank highlights the global cooperation necessary to address climate change and promote sustainable practices.
Dr. Lazarus Angbazo, expressing optimism about the venture, emphasized the potential positive impact on various economic sectors. The lightweight solar panels produced by the plant are expected to catalyze advancements in agriculture, healthcare, and education by providing a reliable and sustainable energy source.
