Nigeria is targeting a major expansion of its electricity generation capacity, with plans to achieve 209,000 megawatts of power generation by 2050, especially with 53 large-scale renewable solar power projects valued at about $11bn underway, according to a report by IIR.
The projects, which IIR said are being tracked across the country, form part of a growing pipeline of solar investments aimed at strengthening Nigeria’s energy mix and improving electricity access, particularly in underserved communities.
The report indicates that the 53 large-scale solar projects are currently underway in Nigeria, reflecting rising investor interest in the country’s renewable energy sector.
The projects are expected to contribute significantly to Nigeria’s long-term energy transition plans, which prioritise solar expansion as a key driver of future electricity supply.
In addition to utility-scale developments, Nigeria is also pushing ahead with decentralised electrification efforts through solar mini-grids and off-grid systems.
