The Rural Electrification Agency (REA) and Oando Clean Energy Limited have signed an MoU to enhance renewable energy access in Nigeria.
The REA aims to collaborate with the private sector and government agencies to deploy sustainable renewable energy, explore clean energy development, and optimize the role of renewables.
The REA has connected 1 million solar home systems and implemented over 2,000 electrification projects, benefiting approximately 5 million Nigerians. Meanwhile, Oando Clean Energy Limited partnered with Yutong to introduce electric mass transit buses in Lagos.
The Rural Electrification Agency (REA) and Oando Clean Energy Limited have signed a memorandum of understanding on renewable energy access.
The REA stated this in a recent press release. According to the release, the terms of engagement are:
To facilitate collaboration between the private sector and government agencies towards the deployment of sustainable renewable energy access across the country.
Exploring new approaches to clean energy development for socio-economic impact in Nigeria’s post-fuel subsidy era.
The exploitation of opportunities to optimize the critical role of renewable energy
The REA has strengthened partnerships with key stakeholders in the private sector and state governments through the Nigeria Governors Forum. The agency has successfully connected 1 million solar home systems and implemented over 2,000 electrification projects, benefiting approximately 5 million Nigerians.
They have executed numerous capital projects worth N45.89 billion across the country’s six geopolitical zones between 2020 and 2022. According to the REA, the total installed capacity, under the capital projects, was estimated at over 600 megawatts (MW) equivalent to over 1,000,000 connections.
Meanwhile, in a separate development, Oando Clean Energy Limited partnered with Chinese electric vehicle manufacturer Yutong to introduce electric mass transit buses in Lagos state.
