- The Chief Executive Officer (CEO) of Ikeja Electric has said that Nigeria’s solar energy potential is estimated at around 6,500 Terawatt hours (TWh) per year.
- Nigeria’s National Renewable Energy and Efficiency Policy aims to achieve 30% renewable energy in 2030.
The CEO of Ikeja Electric Distribution Company (IKEDC), Folake Soetan, said Nigeria’s solar energy potential is immense, estimated at 6,500 Terawatt hours (TWh) per year. According to her, it surpasses the country’s current daily electricity output of 3,570 megawatts. She also noted that Nigeria’s wind potential, around 76 gigawatts, provides a substantial resource for renewable energy.
She stated: “If you look at our growing population and the increasing energy demand, the renewable energy sector presents a significant opportunity for addressing Nigeria’s power deficit while reducing greenhouse gas emissions’’. Nigeria’s National Renewable Energy and Efficiency Policy aims to achieve 30% renewable energy and emission by 2030.
Similarly, the President of the Nigerian British Chamber Of Commerce echoed the urgency for implementing large-scale energy transition programs in countries like Nigeria. He emphasised the environmental benefits of curbing deforestation and ecosystem degradation, potentially leading to substantial environmental and public health improvements.