Nigeria Aims for 30% Renewable Energy Mix by 2030

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Researched by Industrial Info Resources (Sugar Land, Texas)--Under the National Renewable Energy and Energy Efficiency Policy (NREEEP) and the Economic Recovery and Growth Plan (ERGP), the Nigerian Electricity Regulatory Commission (NERC) is advancing plans to diversify the country's energy mix, with a target of achieving 30% renewable energy in its grid by 2030. The initiative focuses on scaling up renewable sources such as solar, wind, biomass and hydroelectric power. Solar power is expected to grow by 5 gigawatts (GW), leveraging Nigeria's high solar insolation, while hydroelectric power is projected to add 6 GW, including both large and small-scale projects.

The push for renewables aligns with Nigeria's broader Energy Vision 30:30:30, aiming for 30 GW of total energy supply with a 30% renewable contribution by 2030. Strategic partnerships with China are expected to play a pivotal role in driving investments toward cleaner, more sustainable energy solutions in Nigeria.

Industrial info is tracking 143 active renewable energy projects, worth US$22.33 billion, in Nigeria. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for list of detailed project reports.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 Trillion (USD).