- Nigeria could lead Africa to Net Zero, using 100% Renewables by 2060
- With the given strategy, power generation costs will be 74% lower in 2060 than in 2022
The global technology group Wärtsilä recently released a new report, “Nigeria Leading Africa to Net Zero”, providing details and a roadmap to how Nigeria should be able to build a 100% renewable energy power system by 2060.
Building a data-driven and cost-effective energy plan is essential as Nigeria aims to lead the world in combating climate change, fulfil the country’s expanding energy needs, and guarantee that every citizen can access electricity.
Wärtsilä’s analysts outlined the most economical power system created in Nigeria year after year to attain net zero by 2060 using cutting-edge energy system modelling methodologies.
The ideal power system will have 1,200 GW of renewable energy capacity, 283 GW of energy storage, and 34 GW of engine-based power plants for grid balancing, according to the Wärtsilä report.
The research demonstrates that the best strategy to lower energy costs, expand access to energy, and boost grid stability is to invest in renewable energy and flexibility from gas engines and energy storage. According to this plan, power generation costs will be 74% lower in 2060 than in 2022, and carbon emissions will be eliminated.
This in-depth energy modelling study also clarifies the crucial role of Nigeria’s homegrown gas in facilitating a seamless energy transition. Before gas engine power plants started to be converted exclusively to green hydrogen in the early 1940s, Nigeria’s enormous indigenous gas reserves could be used as an affordable bridge fuel to power balancing engines in support of intermittent renewable energy generation.