Connect with us

Energy Transition

Renewable energy adoption by private sector, key to hitting climate targets – PPC

Published

on

Dr Kelechi Onuigbo 2

As Nigeria begins to take action towards energy transition, PPC Limited, Nigeria’s leading integrated solutions, engineering and infrastructure development company, says the widespread adoption of renewable energy technology by the private sector will accelerate the diversification of Nigeria’s energy and power supply sources.

The Head of Power Division at PPC, Engr Kelechi Onuigbo, in a statement on Wednesday, said that transition from fossil fuel to renewable sources will bring immense benefits to Nigerians as it would provide more secure and affordable energy supplies.

Nigeria Energy Transition Plan seeks to tackle the dual crises of energy poverty and climate change while delivering universal energy access in fulfillment of the Sustainable Development Goal 7 by 2030 and the ambitious net-zero target by 2060.

The Nigerian government has also expressed its commitment to sustainability and is hoping to provide 30 Gigawatts (GW) of electricity by the year 2030 with renewable energy contributing at least 30 per cent to the energy mix.

While the government is seeking the required funding, amounting to about $400 billion to implement the energy transition plan, he said the private sector also has a critical role to play in identifying climate risks, de-carbonising their operations and increasing the share of renewable system in their energy mix.

According to him, one of the low-hanging fruits for a just energy transition by the private sector is the solar PV alternative power supply solutions, which is a safe, reliable, affordable and easily accessible source of clean energy electricity.

“Climate change has crept on us and its impacts are absolutely damaging to Nigeria as seen in the recent flooding in some parts of the country that has killed hundreds, destroyed properties and displaced thousands thereby rendering them homeless,” Engr Onuigbo said.

He added, “Collective action is integral to solving the continent’s compelling climate issues, and the private sector can play its role by committing to building renewable and power backup energy systems that ensure energy efficiency.”

He stated that a hybrid power supply through a combination of grid and renewable energy solutions would provide an uninterrupted power supply that is much desired for smooth business operations, adding that other benefits include lower atmospheric contamination and savings in maintenance costs.

PPC is dedicated to ensuring equitable electricity access in Nigeria and has over the years invested in grid infrastructure as well as affordable renewable energy solutions.

Author

Add your voice

0 comments

People reading currently

FuturizeU supports development of innovative healthcare products in Africa FuturizeU supports development of innovative healthcare products in Africa
Social Entreprenuership2 weeks ago

FuturizeU supports development of innovative healthcare products in Africa

Futurize and AstraZeneca are investing in social entrepreneurs who are developing innovative products that are addressing healthcare equity and early...

Banjul International Airport in Gambia Banjul International Airport in Gambia
Dev. Finance2 weeks ago

Saudi Fund for Development advocates Climate Change Mitigation, Social Infrastructure Investments in Africa

  The Saudi Fund for Development (SFD) has advocated for the preservation of heritage projects in Africa through initiatives such...

Catalyst Fund Team Catalyst Fund Team
Climate & Environment2 weeks ago

Catalyst Fund Raises First Round of $40 million investment in African Climate Startups

The Catalyst Fund has achieved the initial close of its $40 million fund for investing in climate startups in Africa....

Paystack CEO, Shola Akinlade, buys majority stake in Aarhus Fremad Paystack CEO, Shola Akinlade, buys majority stake in Aarhus Fremad
Sports6 months ago

Paystack CEO, Shola Akinlade, buys majority stake in Aarhus Fremad

A Danish football club, Aarhus Fremad announced on Tuesday that it has sold  55 percent of its shares to the...

MRI is increasing survival rate of women with breast cancer- PPC MRI is increasing survival rate of women with breast cancer- PPC
Climate & Environment6 months ago

MRI is increasing survival rate of women with breast cancer- PPC

PPC Limited, Nigeria’s leading engineering and infrastructure development company with footprints across Nigeria’s healthcare landscape, says that the advancement of...

Adeleke versus Oyetola Adeleke versus Oyetola
Policy & Regulation6 months ago

Appeal court upholds Senator Ademola Adeleke’s win in Osun

The Court of Appeal Abuja has overturned the ruling of the Osun State Governorship tribunal and has declared Senator Ademola Adeleke...

Lawmaker demands revamp of bank e-payment platforms Lawmaker demands revamp of bank e-payment platforms
Dev. Finance6 months ago

Lawmaker demands revamp of bank e-payment platforms

The members of the House of Representatives have demanded that the Central Bank of Nigeria (CBN) direct banks to revamp...

CBN to destroy naira notes worth N6tn CBN to destroy naira notes worth N6tn
Economy6 months ago

We’ve disbursed N20bn to alleviate cash crunch, CBN tells NLC

The Central Bank of Nigeria (CBN) met with the leadership of the Nigeria Labour Congress (NLC) in Abuja on Thursday,...

 Apply for Amazon Accelerator programme for fintech founders  Apply for Amazon Accelerator programme for fintech founders
Opportunities6 months ago

 Apply for Amazon Accelerator programme for fintech founders

Application closes April 27, 2023 Today, Amazon Web Services’ Startup Loft Accelerator team announced the inaugural launch of its AWS...

Fully Funded Rotary Peace Fellowships for Masters students Fully Funded Rotary Peace Fellowships for Masters students
Fellowships6 months ago

Fully Funded Rotary Peace Fellowships for Masters students

Application Deadline: May 15, 2023 Each year, Rotary awards fully funded fellowships for dedicated leaders from around the world to...

Ad Blocker Detected!

Advertisements fund this website. Please disable your adblocking software or whitelist our website.
Thank You!

you're currently offline