Indian EPC Sterling and Wilson bags 250 MW Solar Project in Nigeria

The Indian EPC Sterling and Wilson have been sanctioned to develop 250 MW of 975 MW of solar Power Purchase Agreements (PPAs) by Nigerian Bulk Electricity Trading (NBET) Plc under Nigeria’s FIT program.

The recent signing of 975 MW of PPA, which was given granted by the Nigerian Bulk Electricity Trading (NBET) in of the first tangible signs of activity in Nigeria’s large-scale solar sector, will witness government-owned NBET snap up the solar power produced for a price of $0.115/kWh.

On its part, the Indian EPC is expecting to complete the commissioned 250 MW solar project in the next two-to-three years. This will add to Sterling and Wilson’s growing 1 GW portfolio of completed solar parks globally.

The Indian EPC holds 260 MW clean energy pipeline in Egypt, 87 MW in South Africa, 7 MW in Niger and 175 MW in Morocco; and this profile makes it well positioned to continue to serve Africa’s growing clean energy appetite. Moreover, the Indian developer has also executed 90 MW solar farm in South Africa under its belt

Sterling and Wilson’s Solar Business President Bikesh Ogra said, “With the recently announced PPAs of 975 MW, we see huge solar potential opening up in Nigeria.” “We are well positioned to support growth in the solar market in Nigeria through our presence and experience, as more investors are focusing on reliable, bankable solar EPCs that can commission projects on time.”

Also, a memorandum of understanding (MoU) was been signed between Nigeria’s government and Nigus Greenergy and Volt Renewables for the creation of three 100 MW solar PV plants in three of the country’s northern states.