The recent signing of 975 MW of power purchase agreements (PPAs) by Nigerian Bulk Electricity Trading (BNET) Plc under Nigeria’s FIT program has led to Indian EPC Sterling and Wilson being chosen to develop 250 MW of that capacity.
By Baishakhi Dutta
The PPAs, agreed earlier this month in one of the first tangible signs of activity in Nigeria’s large-scale solar sector, will see government-owned NBET snap up the solar power produced for a price of $0.115/kWh.
For its part, Sterling and Wilson hopes to complete its 250 MW of commissioned project in the next two-to-three years to add to its growing 1 GW portfolio of completed solar parks globally.
The Indian developer has a 260 MW clean energy pipeline in Egypt, 175 MW in Morocco, 87 MW in South Africa and 7 MW in Niger, so is well positioned to continue to serve Africa’s growing clean energy appetite. It also has a completed 90 MW solar farm in South Africa under its belt, the company confirmed.
