HomeEnergyRenewable EnergyNigeria Signs MOU For 1GW Solar PV Plant

Nigeria Signs MOU For 1GW Solar PV Plant

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The Infrastructure Corporation in Nigeria, (InfraCorp), has signed a Memorandum of Understanding (MoU) to launch a 1GW Solar PV manufacturing plant in the country.

The signing of the MoU at the ongoing COP28 summit, was a significant step towards catalysing and unlocking the potential of various economic sectors such as agriculture, healthcare, and education.

The agreement was initiated by Nigeria’s, Infracorp led by Dr. Lazarus Angbazo, the chief executive who signed the contract with two partners, Solarge BV of the Netherlands and the African Green Infrastructure Investment Bank.

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The solar PV manufacturing plant will be one of the world’s first large-scale production facilities for lightweight solar panels with an ultra-low carbon footprint.

The project will also play a crucial role in Nigeria’s commitment to sustainable local manufacturing and the development of critical infrastructure to achieve Net Zero emissions.

InfraCorp is a government-supported infrastructure investment entity that was established and is co-owned by the Central Bank of Nigeria (CBN), Africa Finance Corporation (AFC), and Nigeria Sovereign Investment Authority (NSIA). (VoN)

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