Sterling And Wilson Renewable In MoU For 961MWp Solar Plants In Nigeria

Sep 23, 2022 09:43 AM ET
  • Sterling and Wilson Solar Solutions, Inc( SWSS), the US step down subsidiary of Sterling and Wilson Renewable Energy Limited (SWRE) has actually revealed that it has authorized a Memorandum of Understanding (MOU) with the Government of the Federal Republic of Nigeria, together with its consortium companion Sun Africa.

The MOU is for the advancement, layout, construction, and appointing of solar PV power plants aggregating 961 MWp at 5 different places in Nigeria together with battery energy storage systems (BESS) with total mounted capacity of 455 MWh. These projects will eventually be had and run by Niger Delta Power Holding Company, a Nigerian Government possessed entity. Funding for these projects are under settlements between US EXIM, ING and the Government of Nigeria.

Amit Jain-- Global Chief Executive Officer, Sterling and Wilson Renewable Energy Group stated, "Africa has actually revealed great development in the advancement of its solar power markets over the last couple of years. SWRE, having actually contributed the maximum solar capacity in Africa with a portfolio of over 1 GWp, stands tall as a renewable player in this area."

Speaking on the occasion, Jain included "Solar incorporated with energy storage is mosting likely to be the future of power generation in Africa and we, along with our companion Sun Africa, are proud to be connected with this landmark project that will certainly lay the foundation of Nigeria's transition to tidy energy".

Nigeria's electrification rate is above the sub-Saharan Africa regional average of 47 percent, nonetheless, it hangs back the global standard. This makes for a solid instance for solar power as a viable remedy for domestic and commercial supply. Enhanced by oil revenues, Nigeria has emerged as Africa's biggest economy in the recent past with it's government pressing to make certain energy gain access to for a larger part of its population.

Sterling and Wilson Group has a strong presence in Africa with an effective track record in Nigeria of executing projects in the power industry. SWRE, after that part of the Sterling and Wilson Group, entered the African market in 2015 with its first global project of 90 MWp in De Aar, South Africa. Today, the firm is among the biggest solar EPC players in the area with a solid portfolio of over 1 GWp spread throughout 7 nations. Some of the other distinguished projects constructed in the area by the business include Benban Solar Park-- the globe's largest planned solar installment in Egypt, 175.5 MWp in Morocco, and projects in Zambia, Namibia, Kenya and Niger. The firm likewise recently appointed a Hybrid & Energy Storage project at Nampala Gold Mine, Mali, configured with 3.85 MWp Solar PV + 2.58 MWhr lithium-ion BESS system synchronized with 6 x 1.3 MW DG sets of the customer.

With its new promoter, the Reliance Group having actually introduced a target for 20 GW solar capacity by 2025 for interior intake, SWRE is expected to have a hectic decade of projects turning up. Potentially one reason that it exited its diversifications right into waste to energy plants etc.

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