ABUJA – Nigeria is considered to be one of the biggest economies in Africa with more than 182 million people, yet about 55% of the population has no access to grid-connected electricity.
As the Nigerian government and the private sector are increasingly turning towards Solar PV to solve this issue, Nigeria is emerging to be one of the most attractive solar markets in the region. Solarplaza provides the platform for this potential to be realized.
After a highly successful first edition in 2017, Solarplaza will once again organize ‘The Solar Future Nigeria’, the country’s first and foremost event fully dedicated to facilitating knowledge-sharing and networking for both local and international market players; and stimulation of the Nigerian solar PV industry. This year’s edition will take place on 15 & 16 May in Abuja.
Although political will and support are apparent, there are several difficult challenges that the utility-scale solar sector is facing in Nigeria, related to topics such as excess load and the pending – but delayed – signing of several large-scale power purchase agreements. However, the interest and the business case for large solar plants in Nigeria remains strong.
When it comes to C&I and off-grid projects, the situation looks even brighter. Rooftop and mini grid projects are being developed at a relatively high pace, allowing for more stable and predictable costs in the future for end-consumers without having to be subject to market fluctuations.
As more companies continue to deliver successful PV projects, solar energy is increasingly becoming more viable in Nigeria. Although, it remains be seen how the Nigerian solar PV industry will react to future regulatory changes, the ever-decreasing costs of solar and energy storage continue to affect and improve the economic proposition for solar PV in Nigeria.
Solarplaza organizes The Solar Future Nigeria, a 2-day conference focusing on the opportunities and challenges in this exciting and evolving landscape, to be the key-platform for all stakeholders to connect.
This will be Solarplaza’s 10th event in Africa. Get informed on the latest policies and regulations, market trends and project finance mechanisms, and network during exclusive workshops, roundtables and by using our networking platform.
The Solar Future Nigeria in a nutshell:
- The first Solar PV conference focused solely on the Nigerian market
- All relevant companies, developers, financiers and investors and decision makers in one place for unparalleled networking opportunities
- Covering the full solar PV electrification spectrum: from utility scale to pico-solar and in between
- Tailored B2B Business and Finance matchmaking session, connecting projects with financiers and other key market participants
Learn more about the event through the website: nigeria.thesolarfuture.com