The Infrastructure Corporation in Nigeria, InfraCorp, has officially inked a groundbreaking Memorandum of Understanding (MoU) to establish a 1-gigawatt Solar PV manufacturing plant within the country’s borders.
Breaking the news during the ongoing COP28 summit, this historic agreement is poised to unleash a wave of transformative impact across various economic sectors, ranging from agriculture to healthcare and education.
Dr. Lazarus Angbazo, the chief executive of Nigeria’s InfraCorp, spearheaded the monumental MoU signing with two esteemed partners: Solarge BV of the Netherlands and the African Green Infrastructure Investment Bank, solidifying a triumvirate of visionary collaboration.
A testament to innovation, the upcoming Solar PV plant is slated to emerge as one of the globe’s pioneering large-scale production facilities. It will specialize in crafting lightweight solar panels boasting an ultra-low carbon footprint, symbolizing a pivotal stride towards eco-conscious manufacturing practices.
As Nigeria amplifies its dedication to self-sustaining local manufacturing, the Solar PV project is set to serve as a linchpin in propelling the nation’s critical infrastructure development, primed to accelerate its journey towards achieving Net Zero emissions.
InfraCorp stands as a pillar of government-associated infrastructure investment, co-owned by the Central Bank of Nigeria (CBN), Africa Finance Corporation (AFC), and Nigeria Sovereign Investment Authority (NSIA), positioning this transformative endeavor at the nexus of nationwide support and commitment to ushering in a sustainable future.
With this momentous leap into solar energy, Nigeria paves the way for a future defined by renewable innovation, emphasizing its unwavering determination to navigate towards a greener, more sustainable landscape.
This recalibration of Nigeria’s energy landscape unveils a distinct shift towards cleaner, more resilient energy sources, setting the stage for a future where sustainability intertwines with progress, resonating far beyond the nation’s borders.
