Nigeria, US firm sign deal for $10bn solar project

The Federal Government of Nigeria and Sun Africa LLC have signed a development and engineering, procurement and construction implementation framework agreement for the construction of 5,000 megawatts of solar generation and 2,500 MWh of battery energy storage power plants for up to $10 billion investment from the United States government.

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 people, the government tweeted on Sunday.

It described Sun Africa LLC as the largest US renewable energy company operating in Africa.

The agreement was signed at the US-Africa Business Forum last week Wednesday in Washington by Niyi Adebayo, minister of industry, trade and investment, and Adam Cortese, CEO of Sun Africa, according to the government.

Leave a Reply

Your email address will not be published. Required fields are marked *