NERC, World Bank, and Power Ministry Unveil Solar Energy Framework for Nigeria
The Nigerian Electricity Regulatory Commission (NERC), in collaboration with the World Bank and the Federal Ministry of Power, has successfully concluded two significant studies on large-scale solar energy deployment. These studies include the Variable Renewable Energy (VRE) Integration Study and the Solar Auction Framework Study, which will play a crucial role in shaping Nigeria’s first-ever utility-scale solar auction. The aim is to promote transparency and competitiveness in the bidding process, paving the way for the country’s shift toward renewable energy.
The VRE Integration Study focused on how Nigeria can integrate large-scale solar power into its national grid, addressing issues like grid stability and the challenges of incorporating intermittent solar power. The Solar Auction Framework, on the other hand, offers a detailed roadmap for project selection, financial models, and regulatory guidelines for solar auctions, ensuring a fair and competitive process for bidders.
This initiative is crucial to Nigeria’s ambition to increase its renewable energy capacity and reduce reliance on fossil fuels. As noted during the workshop in Abuja, the implementation of these frameworks will be pivotal in meeting the country’s renewable energy targets and strengthening its power sector’s sustainability.
This progress comes as Nigeria works to tackle its energy crisis and reduce greenhouse gas emissions, with solar energy expected to play a key role in the country’s future energy strategy.
