Close up image of a wind farm in south africa, supplying eco friendly electricity
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BII's innovative funding approach is supporting independent sustainable energy trading via Etana Energy while giving South Africa more reliable electricity. 500MW of clean energy will be added to South Africa's grid.
Nigeria is moving to position itself as a manufacturing and investment hub for renewable energy, as officials warn that Africa’s most populous nation is capturing only a fraction of a global clean-power market now drawing more than $2 trillion a year in investment.
Speaking at the Global Initiative for Food Security and Environmental Protection (GIFSEP) Solar Forum in Lagos on Tuesday, Olamide Fagbuji, senior special assistant to the president on climate technology and operations, said Nigeria’s energy strategy must go beyond simply installing solar panels and instead build a domestic industrial base spanning manufacturing, financing, maintenance and recycling.
