In 2017, solar power provided 1.7% of total worldwide electricity production, growing 35% from the previous year. The International Energy Agency projected that under its "high renewables" scenario, by 2050, solar photovoltaics and concentrated solar power would contribute about 16 and 11 percent, respectively, of the worldwide electricity consumption.
Nigeria has an installed power generation capacity of about 12,522MW mainly generated by Hydro and Gas, however the actual power generated utilized is about 5000MW, but the estimated actual demand required for consumption is about 24,000 MW. This simply means that there is power generation opportunity of about 12000 – 19000 MW.
With an average solar radiation of about 7.0kWh/m2-day (25.2MJ/m2-day) in the far North and about 3.5kWh/m2-day (12.6MJ/m2-day) in the coastal latitudes of Nigeria, there’s a huge potential for solar power deployment by Oando Clean Energy whose principal purpose is executing renewable and sustainable energy projects while supporting environmental protection.
Economic growth, urbanization and industrialization are all closely linked with electrification. Farmers reduce waste with proper storage and processing, education is enhanced through improved telecommunications and internet availability, Institutions operate more efficiently, and micro industries thrive. That is why, Oando Clean Energy is committed to effective applications of this sustainable natural resource to close the energy gap.