Nigeria to get 3,000 MW of solar power and over 30,000 jobs from SkyPower FAS Energy
A couple of months ago, I wrote about a giant effort to bring 600 megawatts (MW) of solar power to Ghana and another giant effort to bring 2,500 MW and 5,000 MW solar power projects in one Indian state. Now I've just received news that a whopping 3,000 MW of solar power projects are planned for Nigeria by SkyPower FAS Energy, a joint venture between SkyPower Global and FAS Energy.
For some perspective, the largest solar power plant in the world at the moment is 550 MW in size. In 2011, 1,919 MW of solar were added across the entire United States; in 2012, 3,369 MW were added; and in 2013, 4,751 MW were added.
SkyPower FAS Energy has just signed agreements with both the Federal Government of Nigeria and the Delta State Government. SkyPower FAS Energy will develop, construct, and operate the solar power projects. It is expected to invest $5 billion in the projects. Over 30,000 jobs are projected to be created in Nigeria by the projects.
"These foundational agreements represent a monumental renewable energy milestone, which entails a multi-phase development and build schedule that will result in production of clean, sustainable, cost-effective energy to support the growing energy needs of Nigeria," a press release about the agreement noted.
"The signing of the Foreign Investment Promotion and Protection Agreement marks a significant milestone. It sends a clear signal to Canadian businesses that they can work in Nigeria with confidence, and to Nigerians that they can do the same in Canada," said the Honourable Christian Paradis, Minister of International Development for Canada. "Our government is looking to new approaches that deliver real results. The private sector has a crucial role to play in creating shared prosperity."