Sterling & Wilson Wins Solar Order From Nigerian Government
The order is worth $1.5 billion and will facilitate the development of 5 solar plants.
Sterling and Wilson Solar Solutions (SWSS), the US subsidiary of Sterling and Wilson Solar Limited (SWSL), has signed a Memorandum of Understanding (MoU) with the Nigerian government, along with its consortium partner Sun Africa, for the setting up of 5 solar PV power plants aggregating 961 Mw.
The order involves developing, designing, constructing, and commissioning five solar PV power plants across Nigeria, along with battery energy storage systems (BESS) with a total installed capacity of 455 MWh. The projects will ultimately be owned and operated by Niger Delta Power Holding Company, a Nigerian government-owned entity. The company said financing for these projects is under negotiation between US EXIM, ING and the government of Nigeria.
Nigeria's electrification rate is above the sub-Saharan African average of 47%; however, this is way behind the global average. This makes a strong case for solar energy as a viable domestic and commercial supply solution. "Solar combined with energy storage is going to be the future of power generation in Africa," said Amit Jain, Global CEO of Sterling and Wilson Renewable Energy (SWRE) Group.
FullyGreen Newsletter
Join the newsletter to receive the latest updates in your inbox.