The federal government and Sun Africa LLC, a US corporation, have inked a development and Engineering, Procurement and Construction, EPC implementation framework agreement for the construction of 5,000 MW of solar energy and 2,500 MWh of battery energy.
The US government would invest up to $10 billion in the energy storage power stations.
The agreement was signed by Adeniyi Adebayo, Nigeria’s Minister of Industry, Trade and Investment, and Adam Cortese, CEO of Sun Africa, in the presence of Amos Hochstein, President Joe Biden’s Special Presidential Coordinator for the Partnership for Global Infrastructure and Investment.
Sun Africa, Sterling and Wilson Renewable Energy Limited (“S&W”), a leading US and international solar EPC company, and the Nigerian government have been working on the development of transformation grid-connected and mini-grids solar projects in multiple locations, including interconnection, electrification and smart meters infrastructure.
To ensure the broadest approach to access electricity, Sun Africa is also implementing solar cabins and solar home systems where the mini-grids are not economically viable.
The project will be constructed in different phases across the six geopolitical zones and will provide clean, reliable and affordable electricity to more than 30 million Nigerians.
Presidential Spokesman, Garba Shehu, in a message, said:
“This transformative solar project is on top of the US climate and sustainable energy agenda and has been prioritized as a strategic lead for the US which is entirely in line with the Nigerian Government’s Energy Transition Plan, addressing clean and reliable energy supply, creating jobs and ensuring transfer of knowledge and technology.”
