- Nigeria’ll Surpass Renewable Energy Target by 2020
Nigerians, according to a survey conducted by a team of market monitors, are already adopting solar and inverter technologies in large numbers.
A renewable energy expert and Managing Director, Cloud Energy Photoelectric Limited, Theophilus Nweke, said, “Available statistics indicate that the country will surpass Africa’s renewable energy target by 2020.
“More young and middle-aged professionals, spurred by necessity and without any nudging from the government, are getting over the frustrations of electricity supply by switching to solar just as in portable water where every other home owns a treated borehole.”
In 2016, the New Partnership for Africa’s Development with other international agencies focused on renewable energy and set a target of 2020 for the continent to expand the renewable energy capacities as well as achieve universal access.
In Nigeria, the target was accepted with major doubts given the nation’s failure to meet all set development targets.
However, Nweke said that the Cloud Energy Solar Access Programme took note of the doubts and supported the renewable energy project by removing the barrier of high costs with up to 12-month payment plan for solar and inverter bundles designed to create easier and effective access to solar energy.
The Cloud Energy boss explained that the solar access programme “is for all Nigerians, employed and self-employed, who own homes or live in a rented apartment, for big and small offices, schools, cooperatives, churches, mosques, banks, military and para-military institutions.”
He said, “All who wish to participate in the programme need to produce valid identification, evidence of gainful or self-employment, evidence of responsible citizenship like utility bills, and a reference letter from a bank.
“With an initial payment of 30 per cent of the total cost and a plan that spreads the balance over 12 months, the solar or inverter bundle is installed. All products in the bundle enjoy manufacturers’ warranty up to 25 years.”
