The Sustainable Energy Practitioners Association of Nigeria has shared the excerpts of a recent research it conducted from which it stated that the cost of producing electricity from solar photovoltaic and wind in Nigeria could be cheaper than the current global rate.
According to the excerpts of the research by the President of SEPAN, Dr. Magnus Onuoha, through the Renewable Energy for Green Growth Nigeria research the cost of procuring a kilowatt hour of renewable electricity could be done at $0.05, while that of a kilowatt could cost $2,300.
The research findings stated that this was competitive when compared with the global standard of $0.08/kWh. SEPAN stated that the research was conducted to buttress Nigeria’s commitment to the Paris Climate Change Agreement, as well as support the country’s Economic Growth Recovery Plan.
Source:Â THISDAY
Be the first to know when we publish an update
