Nigeria’s Renewable Energy Industry Shifts Focus to Storage As Solar Costs Fall
Gina Bester, General Manager, Middle East and Africa Terrapinn; Motunrayo Akinfala, CEO, Renewable Energy Association of Nigeria; Dr Abba Aliyu, MD/CEO REA; and Dr Damilola Asaleye, Vice-President, Renewable Energy Association of Nigeria at the Solar and Storage Live Nigeria Conference
Falling equipment costs, battery storage and smarter energy infrastructure dominated discussions at Solar & Storage Live Nigeria 2026, as industry leaders said Nigeria’s renewable energy market is entering a new stage of development.
In an interview with THISDAY on the sidelines of the event, President of the Renewable Energy Association of Nigeria (REAN), Ayo Adedimulua, said the perception that renewable energy remains prohibitively expensive no longer reflects market realities.
“Component costs have fallen by more than 100 per cent over the last 10 to 15 years, and in some cases we’re seeing declines of 200 to 300 per cent,” he said.
