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Despite Tremendous Solar Potential, very Little of it has been Installed

Simon Osuji by Simon Osuji
December 21, 2024
in Business
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Despite Tremendous Solar Potential, very Little of it has been Installed
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In sun-drenched Nigeria, 14 new solar farms were supposed to jumpstart a meager solar industry and generate huge amounts of power, about one-fifth as much as the country’s entire electric grid offers on a good day. But that ambition collapsed when Nigeria’s government wouldn’t provide critical guarantees to developers. It’s not that demand is low for clean power — the smallest solar systems for homes have exploded in popularity and created jobs — but big developers haven’t been able to overcome Nigeria’s reputation as a risky place to do business. It’s a problem across sub-Saharan Africa, where 83% of the people in the world who lack electricity live. 

AFRICA NEWS

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