Nigeria has finally started to work on its renewable energy resources. When diesel prices rose in Nigeria, the authorities took solar projects seriously.
The world is struggling to cope-up with rising fuel prices and electricity cuts. Meanwhile, Nigeria is planning alternatives. Nigerians have now started demanding more solar panels.
With such growth in the solar sector, more investment came in. Even during covid, there was a high demand for solar power, and people switched to solar megawatts. But, because of several reasons, investors are unwilling these days.
The government can subsidize the production and provide for better automation. This is not only an advice but many analysis support the figures! Due to issues with infrastructure and half-hearted efforts, investors now demand a subsidy. If the government finances some solar energy sectors, they can solve these problems.
It can push boundaries if the government supports the renewable energy sector. After all, it’s better to save an industry with potential than making more diesel deals! Thus, 2022 has seen more growth in renewable energy than any other year.
Renewable Energy Potential
Nigeria has enough wind and solar energy to cut its diesel/fuel needs. Wind energy is something the region has in ample amount. With coastal regions on one side and mountains on the other, generating wind power is not hard.
The coastal regions in Nigeria offer around 3 to 3.9 m/s of constant wind. This is more than enough supply for a region the size of a state in Nigeria. If the government focuses on wind, there will be less burden on solar.
However, solar energy is not too saturated at this point. The monthly average wind power that Nigeria can produce is 50.1 W/m2. This is an estimate with tiny investment. Imagine what subsidizing the industry can do! Over 30 major locations in Nigeria have enough wind energy capability.
On the other hand, daylight is also present in coastal areas. Africa owns 40% of the whole globe’s renewable and sustainable energy potential.
The latest figures show that some states in Nigeria have a solar thermal capacity of 427k MWs! While the nation is currently making 33mW, it expects to boost it in the future.
The private sector started development in 2011. Now in 2022 the efforts of Huawei Digital Power Introduction plans are ongoing. According to Huawei’s reports, Nigeria is far from meeting net-zero goals. Yet, there will be 16% more renewable energy by 2025.
The global investment in renewable energy was $2.25 trillion last year. Moreover, the projects starting at this point will show results by 2050. This is also going to be the year when carbon neutrality is realized.
This shows a positive sign for the Nigerian government. Still, shifting 100% to renewable energy is not possible yet. The main reason is carbon emission. Most suppliers don’t submit carbon emission reports. But efforts are still constant, and the expectations might rise.