Energy Capital & Power

Sun Africa to Develop 5 GW of Solar Power in Nigeria

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Leading utility-scale solar and off-grid provider Sun Africa has inked a $10-billion agreement with the Federal Government of Nigeria to generate clean and reliable electricity through solar power and battery energy storage development. 

Targeting the supply of electricity to over 30 million Nigerians across six regions, the agreement encompasses a development and Engineering, Procurement and Construction framework that provides for the construction of 5,000 MW of solar power and 2,500 MWh of battery energy storage. 

Last August, Sun Africa signed another agreement with the Nigerian Federal Government – leveraging a $1.5-billion loan from the Export-Import Bank of the U.S. – aimed at installing new solar generation capacity and increasing electricity access rates in urban and rural areas alike. Nigeria, for its part, has affirmed its plans to achieve 30 GW by 2030 with 30% renewable energy penetration.

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Grace Goodrich

Grace Goodrich

Grace Goodrich is a Publications Editor at Energy Capital & Power, where she writes about the intersection of energy, policy and global finance in sub-Saharan Africa's fastest-growing economies. Grace produces our Africa Energy Series investment reports in Angola and Equatorial Guinea (2019), as well as co-authored African Energy Chamber: Road to Recovery (2021).