FG Partners With Sun Africa for Solar PV Deal Worth $2.2 Billion

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Amazin Zion

Mar 1, 2023

The Ministry of Power has disclosed that the federal government has sealed a contract worth $2.2 billion for a solar PV deal with Sun Africa. This development was announced by the Minister of Power, Bayo Adelabu, who made this known through his official ‘X’ account on Sunday.

According to the Minister, the contract was sealed on Friday, November 17, when Sun Africa settled that it would deliver 961 megawatts peak (MWp) of solar photovoltaic power generation infrastructure and 455-megawatt hours of battery energy storage systems.

His post on ‘X’ reads,
  • On November 17, 2023, I had the honour of representing Mr President at the commissioning of the West African Power Pool’s (WAPP) Communication and Coordination Center in Cotonou, Benin Republic. This ECOWAS initiative ensures seamless power transmission and market-driven energy trading across the West African Sub-region.
  • A backup/fail-over centre in Nigeria is planned for the second phase, a high-tech Control Center supporting transmission connectivity and guaranteeing automatic off-take of new power investments. Later that day in Abuja, I met with representatives from Sun Africa LLC, a leading US-based renewable energy solutions provider.
  • Together, we solidified a collaboration to enhance Nigeria’s power landscape. As the Honorable Minister of Power, I am excited about the positive impact on our nation, aligning with my power sector transformation roadmap of Distributed Power leveraging on Renewable Energy Sun Africa has committed to delivering 961 MWp of solar PV generation infrastructure and 455 MWh of battery energy storage systems, totaling $2.2 billion.
Read more: https://www.investingport.com/fg-partners-with-sun-africa-for-solar-pv-deal-worth-22-billion/