Power Sector And Other Related News Stories For Friday March 24th 2023

Posted by News Room March 24, 2023

Prospect for Nuclear Power Development in Nigeria

Nigeria approved and launched its Energy Transition Plan (ETP) earlier this year setting out the pathway to achieving its net zero target by 2060. The ETP aims to focus on emissions reduction across various sectors including the oil and gas and power sector sectors to drive economic growth and lift over a 100million people out of poverty. For the power sector, it is envisaged, that emissions will be reduced by substituting natural gas with solar energy. The ETP however, made no mention of utilising nuclear energy as a means of generating electricity to further reduce emissions despite its potential as the second-largest source of low-carbon electricity behind hydropower. Nuclear electricity is generated through fission, which is the process of splitting uranium atoms to produce energy. 


FG partners Atmosphere, Others to Distribute 1m Clean Energy Stoves to Households

From Abel Leonard, Lafia The Federal Government has partnered Atmosphere, a clean energy company, to distribute a new clean cook stove that reduces fuel consumption and pollution by 80 per cent in households across Nigeria. Director General of the National Climate Change Council, Salisu Dahiri, during the launch of the new technology in Keffi Local []The post FG partners Atmosphere, others to distribute 1m clean energy stoves to households appeared first on The Sun Nigeria.


Schneider Electric Unveils Cost-Saving Energy Solution

Schneider Electric has unveiled cost-saving energy solution, even as it called on Nigerian industries to channel their attention on building management systems for optimum operation.

In a statement in Lagos, yesteday, Product Application Engineer, Schneider Electric, Mr. Tunde Olumuyiwa, said the need to manage energy usage and minimize costs had become imperative, given that the Nigerian landscape had witnessed a surge in energy cost in the past years.


Cheap Electricity in Africa: Which Countries Have the Lowest Household Prices?

Electricity is one of the most important resources in the world. Unfortunately, electricity can be expensive, especially when energy prices are high. That’s why it’s important for governments to ensure that electricity is as affordable as possible.

Cheap electricity is important for a variety of reasons. To begin with, it helps businesses and households save money on their energy bills. When electricity is inexpensive, businesses and households can use as much energy as they need without worrying about the cost. This can help businesses stay competitive and households keep their budgets in check.


“Flexible power technologies will Make Africa’s Energy Leapfrogging a Reality”

Africa’s ability to leapfrog traditional power systems and adopt renewables on a massive scale is not a fantasy. In-depth studies from Wärtsilä have demonstrated that with the adequate support of flexible power technologies, ambitious renewable energy objectives in Africa are not only achievable, they also represent the soundest and cheapest strategy for the successful electrification of the continent.



Canadian Solar Expects 0.5% Growth in 2023

The PV module manufacturer’s energy storage system integrator subsidiary CSI Energy Storage contributed around 6% of total sales, with the rest from solar module shipments. However, that ratio is likely to grow with significant growth in its battery storage business and a much larger pipeline than for solar. It increased its contracted battery storage order book to US$1 billion as of the start of 2023, while its overall battery storage development pipeline is 47GWh, compared to 25GW for solar. Based on the revenue ratio to GWh shipments, that storage pipeline could equate to over US$11 billion in long-term revenues.


Enel Partners With Nestlé for Investment in Texas Solar Project

Enel North America has partnered with Nestlé to be the sole tax equity investor for its 208 MWdc Ganado solar-plus-storage project in Jackson County, Texas. 

Nestlé will also purchase the renewable energy attributes from the entire solar plant output, helping advance the company’s efforts to create a more sustainable future and reduce greenhouse gas emissions across its operations.  

Head of Enel North America’s renewable energy business, Enel Green Power, Paolo Romanacci, said: “Enel is proud to partner with the world’s largest food and beverage company to enable the addition of new clean power capacity in the United States. Customers of all sizes are seeking clean energy projects to help reduce their emissions and use more renewable energy, whether through PPAs, direct retail electricity purchases, upfront tax equity investments or other tailored agreements.


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