How much does an off-grid solar PV system cost in Nigeria?

Off-grid solar PV systems in Nigeria cost an average of USD 20 cents/kWh on a lifetime basis, making them cost competitive compared to diesel generators (USD 30 cents/kWh) and gasoline (over USD 60 cents/kWh).

Will on-grid solar PV be competitive with coal generation in Nigeria?

According to our study, on-grid solar PV will be cheaper than coal generation in Nigeria within the next five years when costs are forecasted up to 2025 based on widely accepted cost reduction assumptions. If societal costs are included in the projection, solar PV and wind become even more cost-effective than the cheapest fossil-fuel based generation.

Can solar power produce electricity in Nigeria?

Nigeria has a potential for electricity production from solar PV technology in the range of 207,000 GWh per year if only 1% of the land area were covered with PV modules (NESP, 2015). This implies that solar power can indeed produce electricity in Nigeria.

Is renewable energy a good option for Nigeria?

Renewable energy, specifically wind and solar power, is one of the strongest options for Nigeria to deliver the needed power in the most cost competitive way according to the cost comparison. Globally, these renewable sources have become competitive with conventional sources of electricity due to their plunging costs in recent years.

What are the system costs in Nigeria?

System costs in Nigeria include the costs of handling deviations from planned production and are dependent on the penetration level of renewable energy sources and the flexibility of the electricity system. Nigeria’s electricity system is relatively slow to adjust, which would penalize intermittent sources like renewables.

Are there reliable fuel cost variation projections for Nigeria?

Projections for fuel cost variations for Nigeria are not reliable, according to stakeholder consultations. The data for these projections comes from the Danish Energy Agency (DEA, 2016).