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Sun Africa Commits $2.2 Billion to Support Nigeria’s Power Sector Development

Sun Africa LLC, an international organization dedicated to supporting Africa’s energy needs, has made a commitment of approximately $2.2 billion for the advancement of Nigeria’s power sector.

Minister of Power, Adebayo Adelabu, revealed this after a meeting with representatives from Sun Africa, headed by Chairman Goran Rajsic, according to a statement issued on Sunday by the Federal Ministry of Power in Abuja.

The ministry emphasized that Sun Africa, in partnership with the Federal Government, would contribute to the development of essential power infrastructure for Nigeria, and this commitment has been officially formalized.

The initial phase of the project is slated to concentrate on delivering 961 MWp of solar PV infrastructure and 455 MWh of battery energy storage, valued at around $2.2 billion. The ministry stated in its release, “Sun Africa, with its partners, is set to implement this transformative project in the coming months.”

Adebayo Adelabu remarked, “As Africa’s largest economy, Nigeria faces significant demands for new power infrastructure to support economic needs and transition to a sustainable future.”

The statement highlighted that the commitment from all stakeholders involved would ensure close collaboration to execute the renewable energy infrastructure, addressing the nation’s electricity requirements. Goran Rajsic expressed enthusiasm and gratitude, thanking partners for their support in designing the project, which incorporates leading solar PV and battery storage technologies and is financed with affordable, long-term debt under OECD guidelines.

The ministry noted that Sun Africa is working in collaboration with Sterling & Wilson Renewable Energy Limited, its EPC partner, to play a pivotal role in providing EPC services for the initial project phase. The joint efforts signify a significant milestone in advancing sustainable and reliable energy solutions for Nigerians, aligning with the commitment to drive positive change through innovative renewable energy solutions.

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